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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CHNR
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Red day on Thursday for China Natural Resources
(Updated on Mar 28, 2024)

Sell candidate since Mar 20, 2024 Loss -0.83% PDF

The China Natural Resources stock price fell by -0.83% on the last day (Thursday, 28th Mar 2024) from $1.20 to $1.19. During the last trading day the stock fluctuated 5.02% from a day low at $1.18 to a day high of $1.24. The price has fallen in 6 of the last 10 days and is down by -2.46% for this period. Volume has increased on the last day by 4 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, 17 thousand shares were bought and sold for approximately $20.54 thousand.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.80 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.90% during the next 3 months and, with a 90% probability hold a price between $0.772 and $3.27 at the end of this 3-month period.

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CHNR Signals & Forecast

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 China Natural Resources 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 $1.21 and $1.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -65.71%. Further fall is indicated until a new bottom pivot has been found. China Natural Resources 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for China Natural Resources stock

China Natural Resources finds support from accumulated volume at $1.18 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 $0.0593 between high and low, or 5.02%. For the last week, the stock has had daily average volatility of 5.14%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CHNR) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect China Natural Resources to open at $1.20, and during the day (based on 14 day Average True Range), to move between $1.00 and $1.38, which gives a possible trading interval of +/-$0.186 (+/-15.67%) up or down from last closing price. If China Natural Resources takes out the full calculated possible swing range there will be an estimated 31.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.20 (0.84%) than the support at $1.18 (0.84%), 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 China Natural Resources stock A Buy?

China Natural Resources holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.576 Sell Candidate Unchanged

Predicted Opening Price for China Natural Resources of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.20 ( 1.14%) $1.19

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CHNR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.26 6.12 %
R2 1.24 4.22 %
R1 1.23 3.04 %
Current price: 1.19
Support S1 1.18 -0.764 %
S2 1.17 -1.94 %
S3 1.14 -3.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.37 15.13 %
R2 1.32 10.92 %
R1 1.20 0.84 %
Current price 1.19
Support S1 1.18 -0.84%
S2 1.15 -3.36%
S3 1.03 -13.34%

FAQ

What is the symbol for China Natural Resources Stock and on which exchange is it traded?
The symbol for China Natural Resources is CHNR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell China Natural Resources Stock?
China Natural Resources holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy China Natural Resources Stock?
China Natural Resources Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy China Natural Resources Stock.

What's the current price of China Natural Resources Stock?
As of the end of day on the 2024-03-28, the price of an China Natural Resources (CHNR) share was $1.19.

What is the 52-week high and low for China Natural Resources Stock?
The 52-week high for China Natural Resources Stock is $8.85 and the 52-week low is $0.540.

What is the market capitalization of China Natural Resources Stock?
As of the 2024-03-28, the market capitalization of China Natural Resources is 11.693M.

When is the next earnings date for China Natural Resources?
The upcoming earnings date for China Natural Resources is May 20, 2024.
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About China Natural Resources

China Natural Resources, Inc., through its subsidiaries, engages in the exploration and mining of metal properties in the People's Republic of China. It explores for lead, silver, and other nonferrous metals. The company holds interest in the Moruogu Tong mine that covers an area of 7.81 square kilometers located in Bayannaoer City, Inner Mongolia. It also offers equipment for rural wastewater treatment; and engineering, procurement, and construc... CHNR Profile

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