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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: [ 25 - 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 300001.SZ
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Qingdao TGOOD Electric Co.,Ltd. stock price ended at ¥21.75 on Friday, after losing 0%.
(Updated on Jun 14, 2024)

Buy or Hold candidate since May 22, 2024 Gain 6.93% PDF

No changes to the price of Qingdao TGOOD Electric Co.,Ltd. stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 3.25% from a day low at ¥21.51 to a day high of ¥22.21. The price has risen in 5 of the last 10 days and is up by 1.21% over the past 2 weeks.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.42% during the next 3 months and, with a 90% probability hold a price between ¥22.79 and ¥25.84 at the end of this 3-month period.

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300001.SZ Signals & Forecast

The Qingdao TGOOD Electric Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥21.85. On a fall, the stock will find some support from the long-term average at approximately ¥20.81. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -4.10%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Qingdao TGOOD Electric Co.,Ltd. stock

Qingdao TGOOD Electric Co.,Ltd. finds support from accumulated volume at ¥21.15 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 ¥0.700 between high and low, or 3.25%. For the last week, the stock has had daily average volatility of 3.05%.

Our recommended stop-loss: ¥20.87 (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (300001.SZ) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Qingdao TGOOD Electric Co.,Ltd. to open at ¥21.82, and during the day (based on 14 day Average True Range), to move between ¥20.90 and ¥22.60, which gives a possible trading interval of +/-¥0.85 (+/-3.93%) up or down from last closing price. If Qingdao TGOOD Electric Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥21.88 (0.60%) than the support at ¥21.15 (2.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Qingdao TGOOD Electric Co.,Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Qingdao TGOOD Electric Co.,Ltd. stock to perform well in the short-term.

Current score: 2.428 Buy Candidate Unchanged

Predicted Opening Price for Qingdao TGOOD Electric Co.,Ltd. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
¥21.82 ( 0.337%) ¥21.75

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

Trading levels for 300001.SZ

Fibonacci Support & Resistance Levels

Level Price
R3 22.52 3.56%
R2 22.26 2.33%
R1 22.09 1.57%
Price 21.75
S1 21.56 -0.89%
S2 21.39 -1.65%
S3 21.12 -2.88%

Accumulated Volume Support & Resistance Levels

Level Price
R3 22.68 4.28%
R2 21.98 1.06%
R1 21.88 0.598%
Price 21.75
S1 21.15 -2.76%
S2 20.63 -5.15%
S3 19.95 -8.28%

300001 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 14, 2024 Jun 14, 2024 Jun 14, 2024 ¥0.100 0.460%
2 Jul 20, 2023 Jul 20, 2023 Jul 20, 2023 ¥0.0500 0.255%
3 Apr 18, 2022 Apr 18, 2022 Apr 18, 2022 ¥0.0200 0.121%
4 Jun 16, 2021 Jun 16, 2021 Jun 16, 2021 ¥0.0500 0.201%
5 Jul 14, 2020 Jul 14, 2020 Jul 14, 2020 ¥0.0200 0.0844%

FAQ

What is the symbol for Qingdao TGOOD Electric Co.,Ltd. Stock and on which exchange is it traded?
The symbol for Qingdao TGOOD Electric Co.,Ltd. is 300001.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Qingdao TGOOD Electric Co.,Ltd. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Qingdao TGOOD Electric Co.,Ltd. stock to perform well in the short-term.

How to buy Qingdao TGOOD Electric Co.,Ltd. Stock?
Qingdao TGOOD Electric 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 Qingdao TGOOD Electric Co.,Ltd. Stock.

What's the current price of Qingdao TGOOD Electric Co.,Ltd. Stock?
As of the end of day on the Jun 14, 2024, the price of an Qingdao TGOOD Electric Co.,Ltd. (300001.SZ) share was ¥21.75.

What is the 52-week high and low for Qingdao TGOOD Electric Co.,Ltd. Stock?
The 52-week high for Qingdao TGOOD Electric Co.,Ltd. Stock is ¥22.90 and the 52-week low is ¥15.10.

What is the market capitalization of Qingdao TGOOD Electric Co.,Ltd. Stock?
As of the Jun 14, 2024, the market capitalization of Qingdao TGOOD Electric Co.,Ltd. is 22.246B.

When is the next earnings date for Qingdao TGOOD Electric Co.,Ltd.?
The upcoming earnings date for Qingdao TGOOD Electric Co.,Ltd. is Aug 26, 2024.
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About Qingdao TGOOD Electric Co.,Ltd.

Qingdao TGOOD Electric Co., Ltd. provides the electrical transmission and distribution solutions in China and internationally. The company offers kiosks, trailer, modular, and skip substations; electrical components, including HV gas insulated, HV hybrid gas insulated, and medium voltage switchgears; and transformers, such as dry type, oil filled, and amorphous alloy core transformers. It serves mining, oil and gas, railway, utilities, and renewa... 300001.SZ Profile

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