Guangdong Aofei Data 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
Guangdong Aofei Data Technology Co Ltd stock price up 1.85% on Friday
(Updated on May 31, 2024)
The Guangdong Aofei Data Technology Co Ltd stock price gained 1.85% on the last trading day (Friday, 31st May 2024), rising from ¥10.81 to ¥11.01. During the last trading day the stock fluctuated 4.55% from a day low at ¥10.78 to a day high of ¥11.27. The price has fallen in 6 of the last 10 days and is down by -8.17% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 543 thousand more shares were traded than the day before. In total, 42 million shares were bought and sold for approximately ¥461.96 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥10.10 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.15% during the next 3 months and, with a 90% probability hold a price between ¥11.02 and ¥17.22 at the end of this 3-month period.
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300738.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 15.29%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Guangdong Aofei Data Technology Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥11.36 and ¥11.26. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Guangdong Aofei Data Technology Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥10.20 and ¥10.12. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Guangdong Aofei Data Technology Co Ltd finds support just below today's level at ¥10.20. If this is broken, then the next support from accumulated volume will be at ¥10.12 and ¥9.84.
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 ¥0.490 between high and low, or 4.55%. For the last week, the stock has had daily average volatility of 6.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300738.SZ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Guangdong Aofei Data Technology Co Ltd to open at ¥11.02, and during the day (based on 14 day Average True Range), to move between ¥10.20 and ¥11.82, which gives a possible trading interval of +/-¥0.81 (+/-7.34%) up or down from last closing price. If Guangdong Aofei Data Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 14.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥11.15 (1.27%) than the support at ¥10.20 (7.36%), 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 Guangdong Aofei Data Technology Co Ltd stock A Buy?
The Guangdong Aofei Data Technology Co Ltd stock holds several negative signals and despite the positive trend, we believe Guangdong Aofei Data Technology Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.959 Sell Candidate Unchanged
Predicted Opening Price for Guangdong Aofei Data Technology Co Ltd of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ¥11.02 ( 0.0908%) | ¥11.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300738.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.51 | 4.54 % | |
| R2 | 11.32 | 2.84 % | ||
| R1 | 11.21 | 1.79 % | ||
| Current price: | 11.01 | |||
| Support | S1 | 10.83 | -1.61 % | |
| S2 | 10.72 | -2.66 % | ||
| S3 | 10.53 | -4.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.80 | 16.26 % | |
| R2 | 12.50 | 13.53 % | ||
| R1 | 11.15 | 1.27 % | ||
| Current price | 11.01 | |||
| Support | S1 | 10.20 | -7.36% | |
| S2 | 10.12 | -8.08% | ||
| S3 | 9.84 | -10.63% |
300738 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2023 | May 26, 2023 | May 26, 2023 | ¥0.0250 | 0.243% |
| 2 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | ¥0.0450 | 0.526% |
| 3 | Apr 08, 2021 | Apr 08, 2021 | Apr 08, 2021 | ¥0.0231 | 0.216% |
| 4 | Apr 29, 2020 | Apr 29, 2020 | Apr 29, 2020 | ¥0.0182 | 0.181% |
| 5 | May 08, 2019 | May 08, 2019 | May 08, 2019 | ¥0.0327 | 0.83% |
FAQ
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