Jiangsu Huaxin New Material 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
Volatile ride for Jiangsu Huaxin New Material Co Ltd stock price on Tuesday moving between ¥13.83 and ¥15.42
(Updated on Apr 30, 2024)
The Jiangsu Huaxin New Material Co Ltd stock price gained 2.88% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥14.59 to ¥15.01. During the last trading day the stock fluctuated 11.50% from a day low at ¥13.83 to a day high of ¥15.42. The price has risen in 7 of the last 10 days and is up by 35.96% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 93 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ¥58.18 million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ¥15.11 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 30.00% during the next 3 months and, with a 90% probability hold a price between ¥15.13 and ¥19.65 at the end of this 3-month period.
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300717.SZ Signals & Forecast
Mostly positive signals in the chart today. The Jiangsu Huaxin New Material 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 ¥13.98 and ¥13.28. 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 35.96%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Jiangsu Huaxin New Material Co Ltd stock
Jiangsu Huaxin New Material Co Ltd finds support from accumulated volume at ¥14.61 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 ¥1.59 between high and low, or 11.50%. For the last week, the stock has had daily average volatility of 10.25%.
Our recommended stop-loss: ¥14.45 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (300717.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Jiangsu Huaxin New Material Co Ltd to open at ¥14.75, and during the day (based on 14 day Average True Range), to move between ¥13.96 and ¥16.06, which gives a possible trading interval of +/-¥1.05 (+/-7.02%) up or down from last closing price. If Jiangsu Huaxin New Material Co Ltd takes out the full calculated possible swing range there will be an estimated 14.04% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥14.61, some ¥0.400 (2.66%) from the current price of ¥15.01, our system finds the risk reward attractive.
Is Jiangsu Huaxin New Material Co Ltd stock A Buy?
Jiangsu Huaxin New Material Co Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.048 Strong Buy Candidate Upgraded
Predicted Opening Price for Jiangsu Huaxin New Material Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥14.75 ( 1.71%) | ¥15.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300717.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.34 | 8.88 % | |
| R2 | 15.74 | 4.84 % | ||
| R1 | 15.36 | 2.34 % | ||
| Current price: | 15.01 | |||
| Support | S1 | 14.15 | -5.76 % | |
| S2 | 13.77 | -8.26 % | ||
| S3 | 13.16 | -12.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 15.01 | |||
| Support | S1 | 14.61 | -2.66% | |
| S2 | 12.36 | -17.65% | ||
| S3 | 11.30 | -24.72% |
300717 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | ¥0.200 | 1.30% |
| 2 | Jun 20, 2022 | Jun 20, 2022 | Jun 20, 2022 | ¥0.0500 | 0.371% |
| 3 | Jun 25, 2021 | Jun 25, 2021 | Jun 25, 2021 | ¥0.100 | 0.655% |
| 4 | May 26, 2020 | May 26, 2020 | May 26, 2020 | ¥0.200 | 1.41% |
| 5 | Jun 13, 2019 | Jun 13, 2019 | Jun 13, 2019 | ¥0.0600 | 0.378% |
FAQ
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