Yantai North Andre Juice Company Limited 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
Yantai North Andre Juice Company Limited stock price ended at HK$9.65 on Monday, after gaining 2.66%.
(Updated on Jun 17, 2024)
The Yantai North Andre Juice Company Limited stock price gained 2.66% on the last trading day (Monday, 17th Jun 2024), rising from HK$9.40 to HK$9.65. It has now gained 7 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 5.12% from a day low at HK$9.18 to a day high of HK$9.65. The price has risen in 8 of the last 10 days and is up by 21.08% 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, 184 thousand more shares were traded than the day before. In total, 400 thousand shares were bought and sold for approximately HK$3.86 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 HK$9.81 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.72% during the next 3 months and, with a 90% probability hold a price between HK$9.03 and HK$10.76 at the end of this 3-month period.
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2218.HK Signals & Forecast
The Yantai North Andre Juice Company Limited 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 HK$9.05 and HK$8.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 26.97%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Yantai North Andre Juice Company Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$9.03 and HK$8.86. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Yantai North Andre Juice Company Limited finds support just below today's level at HK$9.03. If this is broken, then the next support from accumulated volume will be at HK$8.86 and HK$7.74.
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 HK$0.470 between high and low, or 5.12%. For the last week, the stock has had daily average volatility of 5.52%.
The Yantai North Andre Juice Company Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the Yantai North Andre Juice Company Limited has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: HK$9.34 (-3.20%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 90 and this increases the risk substantially. There is a buy signal from a pivot bottom found 53 days ago.)
Trading Expectations (2218.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Yantai North Andre Juice Company Limited to open at HK$9.49, and during the day (based on 14 day Average True Range), to move between HK$9.30 and HK$10.00, which gives a possible trading interval of +/-HK$0.348 (+/-3.61%) up or down from last closing price. If Yantai North Andre Juice Company Limited takes out the full calculated possible swing range there will be an estimated 7.21% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$9.03, some HK$0.620 (6.42%) from the current price of HK$9.65, our system finds the risk reward attractive.
Is Yantai North Andre Juice Company Limited stock A Buy?
Yantai North Andre Juice Company Limited 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Yantai North Andre Juice Company Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$9.49 ( 1.62%) | HK$9.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2218.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.96 | 3.25% |
| R2 | 9.78 | 1.39% |
| R1 | 9.67 | 0.237% |
| Price | 9.65 | |
| S1 | 9.31 | -3.48% |
| S2 | 9.20 | -4.63% |
| S3 | 9.02 | -6.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 9.65 | |
| S1 | 9.03 | -6.42% |
| S2 | 8.86 | -8.19% |
| S3 | 7.74 | -19.79% |
2218 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | Jun 28, 2024 | HK$0.163 | 1.69% |
| 2 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | HK$0.111 | 1.78% |
| 3 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | HK$0.0590 | 0.86% |
| 4 | May 13, 2021 | May 13, 2021 | May 13, 2021 | HK$0.0603 | 0.92% |
| 5 | Mar 22, 2019 | Jun 28, 2019 | Jul 22, 2019 | HK$0.114 | 1.91% |
FAQ
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