Jiangsu Flag Chemical Industry 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
Big movements in Jiangsu Flag Chemical Industry Co., Ltd. stock price on Friday moving 12.52% between high and low
(Updated on Jun 28, 2024)
The Jiangsu Flag Chemical Industry Co., Ltd. stock price gained 1.53% on the last trading day (Friday, 28th Jun 2024), rising from ¥6.54 to ¥6.64. During the last trading day the stock fluctuated 12.52% from a day low at ¥5.91 to a day high of ¥6.65. The price has risen in 6 of the last 10 days and is up by 11.04% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 10 million shares were bought and sold for approximately ¥65.68 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ¥6.79 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Jiangsu Flag Chemical Industry Co., Ltd. stock with a 90% probability to be traded between ¥5.47 and ¥6.88 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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300575.SZ Signals & Forecast
The Jiangsu Flag Chemical Industry Co., Ltd. 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 ¥6.48 and ¥6.14. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. 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 25, 2024, and so far it has fallen -2.21%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Jiangsu Flag Chemical Industry Co., Ltd. stock
Jiangsu Flag Chemical Industry Co., Ltd. finds support from accumulated volume at ¥6.40 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 ¥0.740 between high and low, or 12.52%. For the last week, the stock has had daily average volatility of 13.98%.
The Jiangsu Flag Chemical Industry Co., Ltd. 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.
Our recommended stop-loss: ¥6.42 (-3.25%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (300575.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jiangsu Flag Chemical Industry Co., Ltd. to open at ¥6.40, and during the day (based on 14 day Average True Range), to move between ¥6.14 and ¥7.14, which gives a possible trading interval of +/-¥0.498 (+/-7.51%) up or down from last closing price. If Jiangsu Flag Chemical Industry Co., Ltd. takes out the full calculated possible swing range there will be an estimated 15.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥6.78 (2.11%) than the support at ¥6.40 (3.61%), 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 Jiangsu Flag Chemical Industry Co., Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Jiangsu Flag Chemical Industry Co., Ltd. stock to perform well in the short-term period.
Current score: 2.632 Buy Candidate Unchanged
Predicted Opening Price for Jiangsu Flag Chemical Industry Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥6.40 ( 3.61%) | ¥6.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300575.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.14 | 7.53% |
| R2 | 6.86 | 3.27% |
| R1 | 6.68 | 0.643% |
| Price | 6.64 | |
| S1 | 6.12 | -7.87% |
| S2 | 5.94 | -10.50% |
| S3 | 5.66 | -14.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 6.79 | 2.26% |
| R1 | 6.78 | 2.11% |
| Price | 6.64 | |
| S1 | 6.40 | -3.61% |
| S2 | 6.29 | -5.27% |
| S3 | 6.21 | -6.48% |
300575 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | May 22, 2024 | ¥0.120 | 1.99% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | ¥0.330 | 2.90% |
| 3 | May 17, 2022 | May 17, 2022 | May 17, 2022 | ¥0.200 | 1.77% |
| 4 | May 21, 2021 | May 21, 2021 | May 21, 2021 | ¥0.119 | 0.98% |
| 5 | Apr 24, 2020 | Apr 24, 2020 | Apr 24, 2020 | ¥0.0889 | 0.93% |
FAQ
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