Jiangsu Yuxing Film Technology 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
Jiangsu Yuxing Film Technology Co Ltd stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Jiangsu Yuxing Film Technology Co Ltd stock price fell by -0.759% on the last day (Tuesday, 30th Apr 2024) from ¥6.59 to ¥6.54. During the last trading day the stock fluctuated 3.44% from a day low at ¥6.40 to a day high of ¥6.62. The price has risen in 6 of the last 10 days and is up by 15.75% 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 -2 million shares and in total, 3 million shares were bought and sold for approximately ¥18.06 million.
The stock lies in the middle of a very wide and weak 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 6.48% during the next 3 months and, with a 90% probability hold a price between ¥5.86 and ¥8.19 at the end of this 3-month period.
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300305.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 15.75%. 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 Jiangsu Yuxing Film Technology Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥6.90. On a fall, the stock will find some support from the short-term average at ¥6.37. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Jiangsu Yuxing Film Technology Co Ltd stock
Jiangsu Yuxing Film Technology Co Ltd finds support from accumulated volume at ¥6.45 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 ¥0.220 between high and low, or 3.44%. For the last week, the stock has had daily average volatility of 4.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300305.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Jiangsu Yuxing Film Technology Co Ltd to open at ¥6.52, and during the day (based on 14 day Average True Range), to move between ¥6.05 and ¥7.03, which gives a possible trading interval of +/-¥0.487 (+/-7.45%) up or down from last closing price. If Jiangsu Yuxing Film Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 14.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.45 (1.38%) than the resistance at ¥6.92 (5.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jiangsu Yuxing Film Technology Co Ltd stock A Buy?
Jiangsu Yuxing Film Technology Co Ltd holds several negative signals and we believe that 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: -2.227 Sell Candidate Downgraded
Predicted Opening Price for Jiangsu Yuxing Film Technology Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥6.52 ( 0.306%) | ¥6.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300305.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.74 | 3.06 % | |
| R2 | 6.66 | 1.77 % | ||
| R1 | 6.60 | 0.98 % | ||
| Current price: | 6.54 | |||
| Support | S1 | 6.44 | -1.59 % | |
| S2 | 6.38 | -2.38 % | ||
| S3 | 6.30 | -3.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.15 | 9.33 % | |
| R2 | 6.97 | 6.57 % | ||
| R1 | 6.92 | 5.81 % | ||
| Current price | 6.54 | |||
| Support | S1 | 6.45 | -1.38% | |
| S2 | 5.81 | -11.16% | ||
| S3 | 5.47 | -16.36% |
300305 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2023 | May 24, 2023 | May 24, 2023 | ¥0.118 | 1.07% |
| 2 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | ¥0.270 | 1.76% |
| 3 | May 26, 2021 | May 26, 2021 | May 26, 2021 | ¥0.163 | 1.56% |
| 4 | Jun 05, 2020 | Jun 05, 2020 | Jun 05, 2020 | ¥0.104 | 0.96% |
| 5 | Jun 11, 2019 | Jun 11, 2019 | Jun 11, 2019 | ¥0.0652 | 0.725% |
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