Sichuan Dawn Precision 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
Stronger technical forecast for Sichuan Dawn Precision Technology Co Ltd stock price after Monday trading.
(Updated on May 20, 2024)
The Sichuan Dawn Precision Technology Co Ltd stock price fell by -1.32% on the last day (Monday, 20th May 2024) from ¥15.11 to ¥14.91. During the last trading day the stock fluctuated 2.43% from a day low at ¥14.82 to a day high of ¥15.18. The price has risen in 6 of the last 10 days but is still down by -5.63% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -15 thousand shares and in total, 3 million shares were bought and sold for approximately ¥44.62 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.85% during the next 3 months and, with a 90% probability hold a price between ¥8.84 and ¥13.88 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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300780.SZ Signals & Forecast
There are mixed signals in the stock today. The Sichuan Dawn Precision Technology Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥14.91 and ¥16.07. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.07%. 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).
Support, Risk & Stop-loss for Sichuan Dawn Precision Technology Co Ltd stock
Sichuan Dawn Precision Technology Co Ltd finds support from accumulated volume at ¥14.77 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 ¥0.360 between high and low, or 2.43%. For the last week, the stock has had daily average volatility of 8.01%.
Our recommended stop-loss: ¥14.31 (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (300780.SZ) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Sichuan Dawn Precision Technology Co Ltd to open at ¥14.97, and during the day (based on 14 day Average True Range), to move between ¥13.65 and ¥16.17, which gives a possible trading interval of +/-¥1.26 (+/-8.44%) up or down from last closing price. If Sichuan Dawn Precision Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 16.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥14.77 (0.94%) than the resistance at ¥15.66 (5.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sichuan Dawn Precision Technology Co Ltd stock A Buy?
Sichuan Dawn Precision 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.447 Hold/Accumulate Upgraded
Predicted Opening Price for Sichuan Dawn Precision Technology Co Ltd of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
¥14.97 ( 0.402%) | ¥14.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300780.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.33 | 2.82 % | |
R2 | 15.19 | 1.89 % | ||
R1 | 15.11 | 1.32 % | ||
Current price: | 14.91 | |||
Support | S1 | 14.83 | -0.520 % | |
S2 | 14.75 | -1.09 % | ||
S3 | 14.61 | -2.01 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.48 | 23.94 % | |
R2 | 16.13 | 8.18 % | ||
R1 | 15.66 | 5.03 % | ||
Current price | 14.91 | |||
Support | S1 | 14.77 | -0.94% | |
S2 | 14.61 | -2.01% | ||
S3 | 13.67 | -8.32% |
300780 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | ¥0.160 | 1.11% |
2 | Jul 15, 2022 | Jul 15, 2022 | Jul 15, 2022 | ¥0.100 | 0.653% |
3 | Jul 01, 2021 | Jul 01, 2021 | Jul 01, 2021 | ¥0.120 | 0.83% |
4 | Jun 18, 2020 | Jun 18, 2020 | Jun 18, 2020 | ¥0.100 | 0.572% |
FAQ
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