Dingli Corp 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
Dingli Corp Ltd stock downgraded to Sell Candidate
(Updated on May 21, 2024)
The Dingli Corp Ltd stock price fell by -3.70% on the last day (Tuesday, 21st May 2024) from ¥3.51 to ¥3.38. During the last trading day the stock fluctuated 5.71% from a day low at ¥3.33 to a day high of ¥3.52. The price has fallen in 6 of the last 10 days and is down by -8.65% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 million shares and in total, 19 million shares were bought and sold for approximately ¥65.22 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Dingli Corp Ltd stock with a 90% probability to be traded between ¥2.56 and ¥4.03 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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300050.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 3.68%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dingli Corp Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥3.41 and ¥3.48. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Dingli Corp Ltd stock
Dingli Corp Ltd finds support from accumulated volume at ¥3.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.190 between high and low, or 5.71%. For the last week, the stock has had daily average volatility of 7.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300050.SZ) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Dingli Corp Ltd to open at ¥3.41, and during the day (based on 14 day Average True Range), to move between ¥3.00 and ¥3.76, which gives a possible trading interval of +/-¥0.382 (+/-11.29%) up or down from last closing price. If Dingli Corp Ltd takes out the full calculated possible swing range there will be an estimated 22.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.37 (0.30%) than the resistance at ¥3.47 (2.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dingli Corp Ltd stock A Buy?
Dingli Corp Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.951 Sell Candidate Downgraded
Predicted Opening Price for Dingli Corp Ltd of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| ¥3.41 ( 0.89%) | ¥3.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300050.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.60 | 6.51 % | |
| R2 | 3.53 | 4.36 % | ||
| R1 | 3.48 | 3.03 % | ||
| Current price: | 3.38 | |||
| Support | S1 | 3.34 | -1.26 % | |
| S2 | 3.29 | -2.59 % | ||
| S3 | 3.22 | -4.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.03 | 19.23 % | |
| R2 | 3.77 | 11.54 % | ||
| R1 | 3.47 | 2.66 % | ||
| Current price | 3.38 | |||
| Support | S1 | 3.37 | -0.296% | |
| S2 | 3.28 | -2.96% | ||
| S3 | 3.18 | -5.92% |
300050 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2018 | Jun 14, 2018 | Jun 14, 2018 | ¥0.0200 | 0.317% |
| 2 | Apr 13, 2017 | Apr 13, 2017 | Apr 13, 2017 | ¥0.0500 | 0.444% |
| 3 | May 30, 2016 | May 30, 2016 | May 30, 2016 | ¥0.0750 | 0.578% |
| 4 | May 28, 2015 | May 28, 2015 | May 28, 2015 | ¥0.0250 | 0.125% |
| 5 | May 13, 2013 | May 13, 2013 | May 13, 2013 | ¥0.0075 | 0.144% |
FAQ
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