Jiangxi Hongdu Aviation Industry Co., 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
Jiangxi Hongdu Aviation Industry Co., stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Jiangxi Hongdu Aviation Industry Co., stock price fell by -0.789% on the last day (Tuesday, 25th Jun 2024) from $16.48 to $16.35. During the last trading day the stock fluctuated 2.83% from a day low at $16.24 to a day high of $16.70. The price has fallen in 7 of the last 10 days and is down by -9.37% 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 -1 million shares and in total, 4 million shares were bought and sold for approximately $64.08 million.
Given the current horizontal trend, you can expect Jiangxi Hongdu Aviation Industry Co., stock with a 90% probability to be traded between $16.41 and $20.40 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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600316.SS Signals & Forecast
There are few to no technical positive signals at the moment. The Jiangxi Hongdu Aviation Industry Co., 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 $17.08 and $18.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -19.42%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Jiangxi Hongdu Aviation Industry Co., stock
Jiangxi Hongdu Aviation Industry Co., finds support from accumulated volume at $16.32 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 $0.460 between high and low, or 2.83%. For the last week, the stock has had daily average volatility of 3.45%.
Our recommended stop-loss: $15.30 (-6.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (600316.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Jiangxi Hongdu Aviation Industry Co., Ltd. to open at $16.43, and during the day (based on 14 day Average True Range), to move between $15.72 and $16.98, which gives a possible trading interval of +/-$0.627 (+/-3.84%) up or down from last closing price. If Jiangxi Hongdu Aviation Industry Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.32 (0.18%) than the resistance at $18.04 (10.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jiangxi Hongdu Aviation Industry Co., Ltd. stock A Buy?
Jiangxi Hongdu Aviation Industry Co., 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.779 Hold/Accumulate Upgraded
Predicted Opening Price for Jiangxi Hongdu Aviation Industry Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $16.43 ( 0.489%) | $16.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600316.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.89 | 3.30% |
| R2 | 16.71 | 2.23% |
| R1 | 16.61 | 1.56% |
| Price | 16.35 | |
| S1 | 16.25 | -0.585% |
| S2 | 16.15 | -1.25% |
| S3 | 15.97 | -2.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.29 | 24.10% |
| R2 | 19.02 | 16.33% |
| R1 | 18.04 | 10.34% |
| Price | 16.35 | |
| S1 | 16.32 | -0.183% |
| S2 | 0 | - |
| S3 | 0 | - |
600316 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 04, 2024 | $0.0150 | 0.0812% |
| 2 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | $0.0590 | 0.260% |
| 3 | Jun 23, 2022 | Jun 23, 2022 | Jun 23, 2022 | $0.0670 | 0.234% |
| 4 | Jul 16, 2021 | Jul 16, 2021 | Jul 16, 2021 | $0.0570 | 0.136% |
| 5 | Jul 31, 2020 | Jul 31, 2020 | Jul 31, 2020 | $0.0150 | 0.0562% |
FAQ
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