Shanghai Jinqiao Export Processing Zone 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
Shanghai Jinqiao Export Processing Zone stock price ended at $0.88 on Tuesday, after losing 0.568%.
(Updated on Jun 25, 2024)
The Shanghai Jinqiao Export Processing Zone stock price fell by -0.568% on the last day (Tuesday, 25th Jun 2024) from $0.88 to $0.88. During the last trading day the stock fluctuated 1.27% from a day low at $0.87 to a day high of $0.88. The price has fallen in 6 of the last 10 days and is down by -2.77% for this period. Volume has increased on the last day by 61 thousand 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, 194 thousand shares were bought and sold for approximately $170.21 thousand.
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 $0.87 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.89% during the next 3 months and, with a 90% probability hold a price between $0.84 and $0.91 at the end of this 3-month period.
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900911.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 0.459%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shanghai Jinqiao Export Processing Zone 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 $0.89 and $0.91. A break-up above any of these levels will issue buy signals. Shanghai Jinqiao Export Processing Zone gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Shanghai Jinqiao Export Processing Zone stock
Shanghai Jinqiao Export Processing Zone finds support from accumulated volume at $0.87 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 $0.0110 (1.27%) between high and low. For the last week, the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: $0.83 (-5.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (900911.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Shanghai Jinqiao Export Processing Zone Development Co.,Ltd to open at $0.88, and during the day (based on 14 day Average True Range), to move between $0.86 and $0.89, which gives a possible trading interval of +/-$0.0164 (+/-1.87%) up or down from last closing price. If Shanghai Jinqiao Export Processing Zone Development Co.,Ltd takes out the full calculated possible swing range there will be an estimated 3.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.87 (0.46%) than the resistance at $0.91 (3.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shanghai Jinqiao Export Processing Zone Development Co.,Ltd stock A Buy?
Shanghai Jinqiao Export Processing Zone 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.
Current score: -0.862 Hold/Accumulate Unchanged
Predicted Opening Price for Shanghai Jinqiao Export Processing Zone Development Co.,Ltd of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.88 ( 0.114%) | $0.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 900911.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.89 | 1.14% |
| R2 | 0.88 | 0.662% |
| R1 | 0.88 | 0.366% |
| Price | 0.88 | |
| S1 | 0.87 | -0.594% |
| S2 | 0.87 | -0.89% |
| S3 | 0.86 | -1.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.95 | 7.88% |
| R2 | 0.94 | 7.31% |
| R1 | 0.91 | 3.88% |
| Price | 0.88 | |
| S1 | 0.87 | -0.457% |
| S2 | 0 | - |
| S3 | 0 | - |
900911 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 11, 2023 | Jul 11, 2023 | Jul 11, 2023 | $0.0707 | 7.67% |
| 2 | Jul 19, 2022 | Jul 19, 2022 | Jul 19, 2022 | $0.0745 | 7.82% |
| 3 | Jul 14, 2021 | Jul 14, 2021 | Jul 14, 2021 | $0.0470 | 4.94% |
| 4 | Jul 09, 2020 | Jul 09, 2020 | Jul 09, 2020 | $0.0435 | 4.10% |
| 5 | Jul 24, 2019 | Jul 24, 2019 | Jul 24, 2019 | $0.0437 | 3.80% |
FAQ
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