Xinji Shaxi Group 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
Weaker technical forecast for Xinji Shaxi Group Co Ltd as stock downgraded to Sell Candidate.
(Updated on Jun 20, 2024)
No changes to the price of Xinji Shaxi Group Co Ltd stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.0530 to a day high of HK$0.0530. The price has been going up and down for this period, and there has been a -1.85% loss for the last 2 weeks.
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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3603.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Xinji Shaxi Group 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 HK$0.0530 and HK$0.0567. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Xinji Shaxi Group Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.04%
Xinji Shaxi Group Co Ltd is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3603.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Xinji Shaxi Group Co Ltd to open at HK$0.0530, and during the day (based on 14 day Average True Range), to move between HK$0.0496 and HK$0.0564, which gives a possible trading interval of +/-HK$0.0034 (+/-6.49%) up or down from last closing price. If Xinji Shaxi Group Co Ltd takes out the full calculated possible swing range there will be an estimated 12.99% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.0570, some HK$0.0040 (7.55%) from the current price of HK$0.0530, our system finds the risk reward not very attractive.
Is Xinji Shaxi Group Co Ltd stock A Buy?
Xinji Shaxi Group Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.917 Sell Candidate Downgraded
Predicted Opening Price for Xinji Shaxi Group Co Ltd of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.0530 ( 0%) | HK$0.0530 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3603.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0530 | - |
| R2 | 0.0530 | - |
| R1 | 0.0530 | - |
| Price | 0.0530 | |
| S1 | 0.0530 | - |
| S2 | 0.0530 | - |
| S3 | 0.0530 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0630 | 18.87% |
| R2 | 0.0610 | 15.09% |
| R1 | 0.0570 | 7.55% |
| Price | 0.0530 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
3603 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2020 | Jun 08, 2020 | Jun 26, 2020 | HK$0.0140 | 0.505% |
FAQ
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