Shenzhen Institute of Bldng Rsrch CoLtd 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
Volatile ride for Shenzhen Institute of Bldng Rsrch CoLtd stock price on Friday moving between ¥11.78 and ¥14.24
(Updated on May 17, 2024)
The Shenzhen Institute of Bldng Rsrch CoLtd stock price gained 2.12% on the last trading day (Friday, 17th May 2024), rising from ¥13.67 to ¥13.96. 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 20.88% from a day low at ¥11.78 to a day high of ¥14.24. The price has risen in 8 of the last 10 days and is up by 18.1% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 16 million shares were bought and sold for approximately ¥225.77 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 has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ¥13.24, a level that may pose a second chance to hit a runner. According to fan-theory ¥16.32 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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300675.SZ Signals & Forecast
The Shenzhen Institute of Bldng Rsrch CoLtd 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 ¥12.94 and ¥11.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 45.72%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Shenzhen Institute of Bldng Rsrch CoLtd stock
Shenzhen Institute of Bldng Rsrch CoLtd finds support from accumulated volume at ¥13.67 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 ¥2.46 between high and low, or 20.88%. For the last week, the stock has had daily average volatility of 16.45%.
Our recommended stop-loss: ¥13.25 (-5.12%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (300675.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Shenzhen Institute of Bldng Rsrch CoLtd to open at ¥13.33, and during the day (based on 14 day Average True Range), to move between ¥12.58 and ¥15.34, which gives a possible trading interval of +/-¥1.38 (+/-9.86%) up or down from last closing price. If Shenzhen Institute of Bldng Rsrch CoLtd takes out the full calculated possible swing range there will be an estimated 19.72% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥13.67, some ¥0.290 (2.08%) from the current price of ¥13.96, our system finds the risk reward attractive.
Is Shenzhen Institute of Bldng Rsrch CoLtd stock A Buy?
Shenzhen Institute of Bldng Rsrch CoLtd 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 Strong Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Shenzhen Institute of Bldng Rsrch CoLtd of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
¥13.33 ( 4.54%) | ¥13.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300675.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.79 | 13.09 % | |
R2 | 14.85 | 6.35 % | ||
R1 | 14.27 | 2.19 % | ||
Current price: | 13.96 | |||
Support | S1 | 12.39 | -11.27 % | |
S2 | 11.81 | -15.43 % | ||
S3 | 10.87 | -22.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 13.96 | |||
Support | S1 | 13.67 | -2.08% | |
S2 | 13.05 | -6.52% | ||
S3 | 12.35 | -11.53% |
300675 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | ¥0.110 | 0.624% |
2 | May 18, 2022 | May 18, 2022 | May 18, 2022 | ¥0.100 | 0.612% |
3 | May 25, 2021 | May 25, 2021 | May 25, 2021 | ¥0.0900 | 0.556% |
4 | Jul 07, 2020 | Jul 07, 2020 | Jul 07, 2020 | ¥0.0750 | 0.535% |
5 | Jun 06, 2019 | Jun 06, 2019 | Jun 06, 2019 | ¥0.0700 | 0.387% |
FAQ
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