Qingdao Guolin Envirnmntl Technlg 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 Qingdao Guolin Envirnmntl Technlg Co Ltd stock price on Tuesday moving between ¥10.90 and ¥12.06
(Updated on Apr 30, 2024)
The Qingdao Guolin Envirnmntl Technlg Co Ltd stock price gained 0.93% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥11.87 to ¥11.98. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 10.64% from a day low at ¥10.90 to a day high of ¥12.06. The price has risen in 7 of the last 10 days and is up by 26.64% over the past 2 weeks. Volume fell on the last day by -166 thousand shares and in total, 5 million shares were bought and sold for approximately ¥56.22 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 weak 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 7.25% during the next 3 months and, with a 90% probability hold a price between ¥9.44 and ¥15.92 at the end of this 3-month period.
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300786.SZ Signals & Forecast
There are mixed signals in the stock today. The Qingdao Guolin Envirnmntl Technlg Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥12.51. On a fall, the stock will find some support from the short-term average at ¥11.17. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 26.64%. Further rise is indicated until a new top pivot has been found. 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 Qingdao Guolin Envirnmntl Technlg Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥11.20 and ¥9.46. 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, Qingdao Guolin Envirnmntl Technlg Co Ltd finds support just below today's level at ¥11.20. If this is broken, then the next support from accumulated volume will be at ¥9.46 and ¥9.21.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥1.16 between high and low, or 10.64%. For the last week, the stock has had daily average volatility of 7.71%.
Since the Qingdao Guolin Envirnmntl Technlg Co Ltd has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: ¥11.55 (-3.56%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (300786.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Qingdao Guolin Envirnmntl Technlg Co Ltd to open at ¥11.65, and during the day (based on 14 day Average True Range), to move between ¥10.80 and ¥13.16, which gives a possible trading interval of +/-¥1.18 (+/-9.82%) up or down from last closing price. If Qingdao Guolin Envirnmntl Technlg Co Ltd takes out the full calculated possible swing range there will be an estimated 19.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥11.20 (6.51%) than the resistance at ¥13.17 (9.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Qingdao Guolin Envirnmntl Technlg Co Ltd stock A Buy?
Qingdao Guolin Envirnmntl Technlg 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.
Current score: -0.431 Hold/Accumulate Unchanged
Predicted Opening Price for Qingdao Guolin Envirnmntl Technlg Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥11.65 ( 2.78%) | ¥11.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300786.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.81 | 6.90 % | |
| R2 | 12.36 | 3.20 % | ||
| R1 | 12.09 | 0.92 % | ||
| Current price: | 11.98 | |||
| Support | S1 | 11.20 | -6.48 % | |
| S2 | 10.93 | -8.77 % | ||
| S3 | 10.49 | -12.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.51 | 21.12 % | |
| R2 | 13.80 | 15.19 % | ||
| R1 | 13.17 | 9.93 % | ||
| Current price | 11.98 | |||
| Support | S1 | 11.20 | -6.51% | |
| S2 | 9.46 | -21.04% | ||
| S3 | 9.21 | -23.12% |
300786 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2023 | May 30, 2023 | May 30, 2023 | ¥0.0200 | 0.114% |
| 2 | Apr 26, 2022 | Apr 26, 2022 | Apr 26, 2022 | ¥0.150 | 1.33% |
| 3 | May 19, 2021 | May 19, 2021 | May 19, 2021 | ¥0.106 | 0.87% |
| 4 | May 22, 2020 | May 22, 2020 | May 22, 2020 | ¥0.0938 | 0.607% |
FAQ
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