eHi Car Services 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
Red day on Tuesday for eHi Car Services Limited stock after losing 0%
(Updated on Apr 23, 2019)
No changes to the price of eHi Car Services Limited stock on the last trading day (Tuesday, 23rd Apr 2019). During the last trading day the stock fluctuated 0% from a day low at $12.20 to a day high of $12.20. The price has been going up and down for this period, and there has been a -0.08% loss for the last 2 weeks.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.07 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.77% during the next 3 months and, with a 90% probability hold a price between $14.45 and $15.85 at the end of this 3-month period.
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EHIC Signals & Forecast
The eHi Car Services Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.20 and $12.09. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 08, 2019, and so far it has fallen -0.0819%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for eHi Car Services Limited stock
eHi Car Services Limited finds support from accumulated volume at $12.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $11.79 (-3.36%) (This stock has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (EHIC) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect eHi Car Services Limited to open at $12.20, and during the day (based on 14 day Average True Range), to move between $12.08 and $12.32, which gives a possible trading interval of +/-$0.117 (+/-0.96%) up or down from last closing price. If eHi Car Services Limited takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.22 (0.16%) than the support at $12.10 (0.82%), 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 eHi Car Services Limited stock A Buy?
eHi Car Services 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.
Current score: 0.790 Hold/Accumulate Unchanged
Predicted Opening Price for eHi Car Services Limited of Wednesday, April 24, 2019
| Fair opening price April 24, 2019 | Current price |
|---|---|
| $12.20 ( 0.00000000%) | $12.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EHIC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.20 | 0.00000000 % | |
| R2 | 12.20 | 0.00000000 % | ||
| R1 | 12.20 | 0.00000000 % | ||
| Current price: | 12.20 | |||
| Support | S1 | 12.20 | 0.00000000 % | |
| S2 | 12.20 | 0.00000000 % | ||
| S3 | 12.20 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.30 | 0.82 % | |
| R2 | 12.29 | 0.738 % | ||
| R1 | 12.22 | 0.164 % | ||
| Current price | 12.20 | |||
| Support | S1 | 12.10 | -0.82% | |
| S2 | 12.00 | -1.64% | ||
| S3 | 11.99 | -1.72% |
FAQ
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