Sichuan Expressway Company 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
Sichuan Expressway Company Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Sichuan Expressway Company Limited stock price gained 1.16% on the last trading day (Friday, 28th Jun 2024), rising from $5.19 to $5.25. During the last trading day the stock fluctuated 2.90% from a day low at $5.17 to a day high of $5.32. The price has fallen in 6 of the last 10 days and is down by -0.76% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $40.35 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.19 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.84% during the next 3 months and, with a 90% probability hold a price between $4.99 and $5.44 at the end of this 3-month period.
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601107.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.16%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sichuan Expressway Company Limited 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 $5.44. On a fall, the stock will find some support from the short-term average at $5.24. 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).
Support, Risk & Stop-loss for Sichuan Expressway Company Limited stock
Sichuan Expressway Company Limited finds support from accumulated volume at $5.23 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 $0.150 (2.90%) between high and low. For the last week, the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: $4.95 (-5.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (601107.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sichuan Expressway Company Limited to open at $5.25, and during the day (based on 14 day Average True Range), to move between $5.10 and $5.40, which gives a possible trading interval of +/-$0.147 (+/-2.80%) up or down from last closing price. If Sichuan Expressway Company Limited takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.23 (0.38%) than the resistance at $5.50 (4.76%), 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 Expressway Company Limited stock A Buy?
Sichuan Expressway Company Limited 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: -0.293 Hold/Accumulate Upgraded
Predicted Opening Price for Sichuan Expressway Company Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $5.25 ( 0.0635%) | $5.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601107.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.40 | 2.79% |
| R2 | 5.34 | 1.70% |
| R1 | 5.30 | 1.03% |
| Price | 5.25 | |
| S1 | 5.19 | -1.15% |
| S2 | 5.15 | -1.83% |
| S3 | 5.10 | -2.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.77 | 9.90% |
| R2 | 5.54 | 5.52% |
| R1 | 5.50 | 4.76% |
| Price | 5.25 | |
| S1 | 5.23 | -0.381% |
| S2 | 5.22 | -0.571% |
| S3 | 5.20 | -0.95% |
601107 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jun 13, 2024 | $0.240 | 4.53% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | $0.100 | 2.53% |
| 3 | Jun 15, 2022 | Jun 15, 2022 | Jun 15, 2022 | $0.110 | 2.64% |
| 4 | Jun 09, 2021 | Jun 09, 2021 | Jun 09, 2021 | $0.0800 | 2.52% |
| 5 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | $0.110 | 3.18% |
FAQ
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