14-day Premium Trial Subscription Try For FreeTry Free

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 300634.SZ
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Richinfo Technology Co Ltd stock downgraded to Hold/Accumulate
(Updated on Apr 30, 2024)

Buy or Hold candidate since Apr 26, 2024 Gain 2.67% PDF

The Richinfo Technology Co Ltd stock price gained 1.76% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥19.30 to ¥19.64. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.27% from a day low at ¥18.26 to a day high of ¥19.77. The price has risen in 6 of the last 10 days and is up by 22.37% over the past 2 weeks. Volume fell on the last day by -4 million shares and in total, 20 million shares were bought and sold for approximately ¥402.19 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 stock lies in the middle of a very 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 12.63% during the next 3 months and, with a 90% probability hold a price between ¥17.56 and ¥26.07 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

300634.SZ Signals & Forecast

The Richinfo Technology Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥18.16 and ¥18.59. 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 Wednesday, March 20, 2024, and so far it has fallen -10.48%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Richinfo Technology Co Ltd stock

Richinfo Technology Co Ltd finds support from accumulated volume at ¥19.26 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 ¥1.51 between high and low, or 8.27%. For the last week, the stock has had daily average volatility of 8.14%.

Our recommended stop-loss: ¥18.70 (-4.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 27 days ago.)

Trading Expectations (300634.SZ) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Richinfo Technology Co Ltd to open at ¥19.22, and during the day (based on 14 day Average True Range), to move between ¥18.29 and ¥20.99, which gives a possible trading interval of +/-¥1.35 (+/-6.86%) up or down from last closing price. If Richinfo Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 13.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥19.87 (1.17%) than the support at ¥19.26 (1.93%), 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.

Earnings coming up

Richinfo Technology Co Ltd will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Richinfo Technology Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.62% in the first trading day after earnings release.

Is Richinfo Technology Co Ltd stock A Buy?

Richinfo Technology Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: 0.830 Hold/Accumulate Downgraded

Predicted Opening Price for Richinfo Technology Co Ltd of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
¥19.22 ( 2.12%) ¥19.64

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

Trading levels for 300634.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 20.73 5.57 %
R2 20.16 2.63 %
R1 19.80 0.82 %
Current price: 19.64
Support S1 18.65 -5.06 %
S2 18.29 -6.87 %
S3 17.71 -9.81 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 21.94 11.71 %
R2 21.65 10.23 %
R1 19.87 1.17 %
Current price 19.64
Support S1 19.26 -1.93%
S2 17.73 -9.73%
S3 16.91 -13.90%

300634 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 23, 2023 May 23, 2023 May 23, 2023 ¥0.102 0.401%
2 Jul 14, 2022 Jul 14, 2022 Jul 14, 2022 ¥0.0600 0.486%
3 Oct 13, 2021 Oct 13, 2021 Oct 13, 2021 ¥0.0600 0.336%
4 Jun 04, 2020 Jun 04, 2020 Jun 04, 2020 ¥0.0600 0.261%
5 Jun 03, 2019 Jun 03, 2019 Jun 03, 2019 ¥0.0800 0.360%

FAQ

What is the symbol for Richinfo Technology Co Ltd Stock and on which exchange is it traded?
The symbol for Richinfo Technology Co Ltd is 300634.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Richinfo Technology Co Ltd Stock?
Richinfo Technology Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

How to buy Richinfo Technology Co Ltd Stock?
Richinfo Technology 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 Richinfo Technology Co Ltd Stock.

What's the current price of Richinfo Technology Co Ltd Stock?
As of the end of day on the Apr 30, 2024, the price of an Richinfo Technology Co Ltd (300634.SZ) share was ¥19.64.

What is the 52-week high and low for Richinfo Technology Co Ltd Stock?
The 52-week high for Richinfo Technology Co Ltd Stock is ¥33.90 and the 52-week low is ¥12.70.

What is the market capitalization of Richinfo Technology Co Ltd Stock?
As of the Apr 30, 2024, the market capitalization of Richinfo Technology Co Ltd is 8.792B.

When is the next earnings date for Richinfo Technology Co Ltd?
The upcoming earnings date for Richinfo Technology Co Ltd is May 10, 2024.
Click to get the best stock tips daily for free!

About Richinfo Technology Co Ltd

Richinfo Technology Co Ltd Richinfo Technology Co., Ltd. provides industrial Internet solutions and technical services in China. It offers RichMail, an MMS mail system; RichDrive, a multimedia enterprise network disk; RichOffice, a unified office platform; RichCSP, a multimedia 5G new message platform; RichAPM, an MMS application performance management system; RichTest, a multimedia automated test platform; RichDMP, an MMS data management platform; and RichMind, a color ne... 300634.SZ Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT