Beijing Egova Co 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
Beijing Egova Co Ltd stock downgraded to Sell Candidate
(Updated on Jun 27, 2024)
The Beijing Egova Co Ltd stock price fell by -2.90% on the last day (Thursday, 27th Jun 2024) from ¥15.18 to ¥14.74. During the last trading day the stock fluctuated 2.92% from a day low at ¥14.74 to a day high of ¥15.17. The price has risen in 6 of the last 10 days and is up by 0.61% over the past 2 weeks. 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 -6 million shares and in total, 14 million shares were bought and sold for approximately ¥202.24 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.34% during the next 3 months and, with a 90% probability hold a price between ¥11.47 and ¥15.06 at the end of this 3-month period.
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300075.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Beijing Egova Co 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 ¥14.96 and ¥15.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -10.88%. Further fall is indicated until a new bottom pivot has been found. 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 Beijing Egova Co Ltd stock
Beijing Egova Co Ltd finds support from accumulated volume at ¥14.65 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 ¥0.430 (2.92%) between high and low. For the last week, the stock has had daily average volatility of 5.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300075.SZ) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Beijing Egova Co Ltd to open at ¥14.88, and during the day (based on 14 day Average True Range), to move between ¥13.99 and ¥15.49, which gives a possible trading interval of +/-¥0.747 (+/-5.07%) up or down from last closing price. If Beijing Egova Co Ltd takes out the full calculated possible swing range there will be an estimated 10.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥14.65 (0.61%) than the resistance at ¥16.54 (12.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beijing Egova Co Ltd stock A Buy?
Beijing Egova Co 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 Buy to a Sell candidate.
Current score: -3.667 Sell Candidate Downgraded
Predicted Opening Price for Beijing Egova Co Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ¥14.88 ( 0.97%) | ¥14.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300075.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.31 | 3.89% |
| R2 | 15.15 | 2.78% |
| R1 | 15.05 | 2.09% |
| Price | 14.74 | |
| S1 | 14.72 | -0.142% |
| S2 | 14.62 | -0.83% |
| S3 | 14.45 | -1.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.49 | 18.66% |
| R2 | 16.74 | 13.57% |
| R1 | 16.54 | 12.21% |
| Price | 14.74 | |
| S1 | 14.65 | -0.611% |
| S2 | 14.08 | -4.48% |
| S3 | 13.96 | -5.29% |
300075 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | ¥0.0500 | 0.334% |
| 2 | Jul 10, 2023 | Jul 10, 2023 | Jul 10, 2023 | ¥0.0500 | 0.250% |
| 3 | May 26, 2022 | May 26, 2022 | May 26, 2022 | ¥0.0450 | 0.333% |
| 4 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | ¥0.0400 | 0.449% |
| 5 | Jun 04, 2020 | Jun 04, 2020 | Jun 04, 2020 | ¥0.0400 | 0.358% |
FAQ
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