China CSSC Holdings Limited 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
Evaluation of China CSSC Holdings Limited stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The China CSSC Holdings Limited stock price fell by -1.46% on the last day (Tuesday, 25th Jun 2024) from $37.60 to $37.05. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.03% from a day low at $36.65 to a day high of $37.76. The price has been going up and down for this period, and there has been a -0.54% loss for the last 2 weeks. Volume has increased on the last day by 15 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 42 million shares were bought and sold for approximately $1.56 billion.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect China CSSC Holdings Limited stock with a 90% probability to be traded between $36.28 and $40.77 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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600150.SS Signals & Forecast
There are few to no technical positive signals at the moment. The China CSSC Holdings Limited 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 $38.06 and $37.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -4.68%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for China CSSC Holdings Limited stock
China CSSC Holdings Limited finds support from accumulated volume at $37.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.11 (3.03%) between high and low. For the last week, the stock has had daily average volatility of 3.05%.
Our recommended stop-loss: $35.82 (-3.31%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (600150.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect China CSSC Holdings Limited to open at $37.15, and during the day (based on 14 day Average True Range), to move between $35.93 and $38.17, which gives a possible trading interval of +/-$1.12 (+/-3.02%) up or down from last closing price. If China CSSC Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $37.00 (0.13%) than the resistance at $37.44 (1.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is China CSSC Holdings Limited stock A Buy?
China CSSC Holdings Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.372 Hold/Accumulate Downgraded
Predicted Opening Price for China CSSC Holdings Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $37.15 ( 0.279%) | $37.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600150.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.26 | 3.27% |
| R2 | 37.84 | 2.13% |
| R1 | 37.58 | 1.42% |
| Price | 37.05 | |
| S1 | 36.73 | -0.87% |
| S2 | 36.47 | -1.57% |
| S3 | 36.04 | -2.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.80 | 2.02% |
| R2 | 37.49 | 1.19% |
| R1 | 37.44 | 1.05% |
| Price | 37.05 | |
| S1 | 37.00 | -0.135% |
| S2 | 36.63 | -1.13% |
| S3 | 35.81 | -3.35% |
600150 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2023 | Jul 12, 2023 | Jul 12, 2023 | $0.0200 | 0.0661% |
| 2 | Aug 16, 2022 | Aug 16, 2022 | Aug 16, 2022 | $0.0300 | 0.117% |
| 3 | Jul 15, 2021 | Jul 15, 2021 | Jul 15, 2021 | $0.0350 | 0.226% |
| 4 | May 30, 2019 | May 30, 2019 | May 30, 2019 | $0.107 | 0.549% |
| 5 | Jun 06, 2016 | Jun 06, 2016 | Jun 06, 2016 | $0.0200 | 0.0889% |
FAQ
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