Xinyang Maojian Group Ltd Stock Forecast
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:
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
Red day on Friday for Xinyang Maojian Group Ltd stock after losing 0%
(Updated on May 24, 2024)
No changes to the price of Xinyang Maojian Group Ltd stock on the last trading day (Friday, 24th May 2024). During the last trading day the stock fluctuated 5.21% from a day low at HK$0.0960 to a day high of HK$0.101. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.0998 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.48% during the next 3 months and, with a 90% probability hold a price between HK$0.103 and HK$0.123 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0362.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.04%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Xinyang Maojian Group Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.102 and HK$0.101. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Xinyang Maojian Group Ltd stock
Xinyang Maojian Group Ltd finds support from accumulated volume at HK$0.0990 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0050 (5.21%) between high and low. For the last week, the stock has had daily average volatility of 4.41%.
Our recommended stop-loss: HK$0.0951 (-4.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 47 days ago.)
Trading Expectations (0362.HK) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Xinyang Maojian Group Ltd to open at HK$0.0990, and during the day (based on 14 day Average True Range), to move between HK$0.0953 and HK$0.105, which gives a possible trading interval of +/-HK$0.0047 (+/-4.74%) up or down from last closing price. If Xinyang Maojian Group Ltd takes out the full calculated possible swing range there will be an estimated 9.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$0.0990 (1.00%) than the resistance at HK$0.103 (3.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xinyang Maojian Group Ltd stock A Buy?
Xinyang Maojian Group Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.554 Hold/Accumulate Unchanged
Predicted Opening Price for Xinyang Maojian Group Ltd of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| HK$0.0990 ( 1.00%) | HK$0.100 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0362.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.104 | 4.00 % | |
| R2 | 0.102 | 2.09 % | ||
| R1 | 0.101 | 0.91 % | ||
| Current price: | 0.100 | |||
| Support | S1 | 0.0971 | -2.91 % | |
| S2 | 0.0959 | -4.09 % | ||
| S3 | 0.0940 | -6.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.106 | 6.00 % | |
| R2 | 0.105 | 5.00 % | ||
| R1 | 0.103 | 3.00 % | ||
| Current price | 0.100 | |||
| Support | S1 | 0.0990 | -1.00% | |
| S2 | 0.0980 | -2.00% | ||
| S3 | 0.0940 | -6.00% |
0362 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 13, 2003 | Nov 13, 2003 | Nov 13, 2003 | HK$0.425 | 0.172% |
FAQ
Click here for our free guide on how to buy Xinyang Maojian Group Ltd Stock.
