Seres 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
Strong day for Seres Group Co.,Ltd. stock price on Friday rising 7.85% to $91.12
(Updated on Jun 28, 2024)
The Seres Group Co.,Ltd. stock price gained 7.85% on the last trading day (Friday, 28th Jun 2024), rising from $84.49 to $91.12. During the last trading day the stock fluctuated 9.43% from a day low at $84.52 to a day high of $92.49. The price has been going up and down for this period, and there has been a 3.79% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 million more shares were traded than the day before. In total, 72 million shares were bought and sold for approximately $6.52 billion.
The stock lies in the middle of a 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 2.03% during the next 3 months and, with a 90% probability hold a price between $86.24 and $103.46 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
601127.SS Signals & Forecast
Mostly positive signals in the chart today. The Seres Group Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $91.93. On a fall, the stock will find some support from the long-term average at approximately $88.72. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 7.85%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Seres Group Co.,Ltd. stock
Seres Group Co.,Ltd. finds support from accumulated volume at $90.43 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 $7.97 between high and low, or 9.43%. For the last week, the stock has had daily average volatility of 7.44%.
Our recommended stop-loss: $87.57 (-3.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (601127.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Seres Group Co.,Ltd. to open at $89.38, and during the day (based on 14 day Average True Range), to move between $86.79 and $95.45, which gives a possible trading interval of +/-$4.33 (+/-4.75%) up or down from last closing price. If Seres Group Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 9.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $91.15 (0.03%) than the support at $90.43 (0.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Seres Group Co.,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Seres Group Co.,Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.488 Buy Candidate Upgraded
Predicted Opening Price for Seres Group Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $89.38 ( 1.91%) | $91.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601127.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 97.35 | 6.83% |
| R2 | 94.30 | 3.49% |
| R1 | 92.42 | 1.43% |
| Price | 91.12 | |
| S1 | 86.33 | -5.25% |
| S2 | 84.45 | -7.32% |
| S3 | 81.41 | -10.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.35 | 10.13% |
| R2 | 91.78 | 0.724% |
| R1 | 91.15 | 0.0329% |
| Price | 91.12 | |
| S1 | 90.43 | -0.757% |
| S2 | 86.98 | -4.54% |
| S3 | 85.71 | -5.94% |
601127 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 22, 2020 | Jul 22, 2020 | Jul 22, 2020 | $0.0400 | 0.434% |
| 2 | Jun 14, 2019 | Jun 14, 2019 | Jun 14, 2019 | $0.0800 | 0.644% |
| 3 | Jun 28, 2018 | Jun 28, 2018 | Jun 28, 2018 | $0.240 | 1.43% |
| 4 | Apr 24, 2017 | Apr 24, 2017 | Apr 24, 2017 | $0.300 | 1.41% |
FAQ
Click here for our free guide on how to buy Seres Group Co.,Ltd. Stock.
