Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 002950.SZ
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Allmed Medical Products Co Ltd stock upgraded from Sell Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)

Buy candidate since Apr 30, 2024 PDF

The Allmed Medical Products Co Ltd stock price gained 3.65% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥7.94 to ¥8.23. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 6.42% from a day low at ¥7.79 to a day high of ¥8.29. The price has risen in 7 of the last 10 days and is up by 16.57% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately ¥66.76 million.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ¥8.29 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.77% during the next 3 months and, with a 90% probability hold a price between ¥7.49 and ¥8.94 at the end of this 3-month period.

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002950.SZ Signals & Forecast

The Allmed Medical Products Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥7.79 and ¥7.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 29.00%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Allmed Medical Products Co Ltd stock

Allmed Medical Products Co Ltd finds support from accumulated volume at ¥7.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.500 between high and low, or 6.42%. For the last week, the stock has had daily average volatility of 3.87%.

Since the Allmed Medical Products Co Ltd has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: ¥7.91 (-3.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 55 days ago.)

Trading Expectations (002950.SZ) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Allmed Medical Products Co Ltd to open at ¥8.10, and during the day (based on 14 day Average True Range), to move between ¥7.85 and ¥8.61, which gives a possible trading interval of +/-¥0.381 (+/-4.62%) up or down from last closing price. If Allmed Medical Products Co Ltd takes out the full calculated possible swing range there will be an estimated 9.25% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ¥7.83, some ¥0.400 (4.86%) from the current price of ¥8.23, our system finds the risk reward attractive.

Is Allmed Medical Products Co Ltd stock A Buy?

Allmed Medical Products Co Ltd holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.

Current score: 5.109 Strong Buy Candidate Upgraded

Predicted Opening Price for Allmed Medical Products Co Ltd of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
¥8.10 ( 1.54%) ¥8.23

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 002950.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.60 4.54 %
R2 8.41 2.22 %
R1 8.29 0.782 %
Current price: 8.23
Support S1 7.91 -3.86 %
S2 7.79 -5.29 %
S3 7.60 -7.61 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 8.23
Support S1 7.83 -4.86%
S2 7.47 -9.23%
S3 7.23 -12.15%

002950 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 14, 2023 Jun 14, 2023 Jun 14, 2023 ¥0.0600 0.583%
2 Jun 09, 2022 Jun 09, 2022 Jun 09, 2022 ¥0.210 1.74%
3 Jun 16, 2021 Jun 16, 2021 Jun 16, 2021 ¥0.88 4.83%
4 Jun 05, 2020 Jun 05, 2020 Jun 05, 2020 ¥0.400 1.75%
5 Jun 21, 2019 Jun 21, 2019 Jun 21, 2019 ¥0.100 0.592%

FAQ

What is the symbol for Allmed Medical Products Co Ltd Stock and on which exchange is it traded?
The symbol for Allmed Medical Products Co Ltd is 002950.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Allmed Medical Products Co Ltd Stock?
Allmed Medical Products Co Ltd holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.

How to buy Allmed Medical Products Co Ltd Stock?
Allmed Medical Products Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Allmed Medical Products Co Ltd Stock.

What's the current price of Allmed Medical Products Co Ltd Stock?
As of the end of day on the Apr 30, 2024, the price of an Allmed Medical Products Co Ltd (002950.SZ) share was ¥8.23.

What is the 52-week high and low for Allmed Medical Products Co Ltd Stock?
The 52-week high for Allmed Medical Products Co Ltd Stock is ¥11.86 and the 52-week low is ¥6.02.

What is the market capitalization of Allmed Medical Products Co Ltd Stock?
As of the Apr 30, 2024, the market capitalization of Allmed Medical Products Co Ltd is 5.212B.
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About Allmed Medical Products Co Ltd

Allmed Medical Products Co Ltd Allmed Medical Products Co., Ltd engages in the manufacture and sale of wound care and nursing material products in China. The company's general wound care products include elastic and adhesive bandage, oil emulsion, xeroform gauze, woven gauze swabs, fluffy bandages/sponges, abdominal pads, gauze/non-woven drain sponges, post-op sponges, eye pads, cotton filled exodontia sponges, non-stick pads, and petrolatum gauze dressing. It also provides OR... 002950.SZ Profile

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