Guangzhou Automobile 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
Red day on Monday for Guangzhou Automobile Group Co., Ltd.
(Updated on Jun 24, 2024)
No changes to the price of Guangzhou Automobile Group Co., Ltd. stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.390 to a day high of $0.390. The price has been going up and down for this period, and there has been a -8.77% loss for the last 2 weeks.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.372 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 2.01% during the next 3 months and, with a 90% probability hold a price between $0.379 and $0.498 at the end of this 3-month period.
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GNZUF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Guangzhou Automobile Group Co., Ltd. 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 $0.390 and $0.419. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Guangzhou Automobile Group Co., Ltd. stock
Guangzhou Automobile Group Co., Ltd. finds support from accumulated volume at $0.378 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: $0.367 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (GNZUF) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Guangzhou Automobile Group Co., Ltd. to open at $0.390, and during the day (based on 14 day Average True Range), to move between $0.380 and $0.400, which gives a possible trading interval of +/-$0.0098 (+/-2.52%) up or down from last closing price. If Guangzhou Automobile Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.401 (2.93%) than the support at $0.378 (3.00%), 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 Guangzhou Automobile Group Co., Ltd. stock A Buy?
Guangzhou Automobile Group Co., Ltd. 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Guangzhou Automobile Group Co., Ltd. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $0.390 ( 0.00000000%) | $0.390 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GNZUF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.390 | 0.00000000% |
| R2 | 0.390 | 0.00000000% |
| R1 | 0.390 | 0.00000000% |
| Price | 0.390 | |
| S1 | 0.390 | 0.00000000% |
| S2 | 0.390 | 0.00000000% |
| S3 | 0.390 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.405 | 3.85% |
| R2 | 0.404 | 3.56% |
| R1 | 0.401 | 2.93% |
| Price | 0.390 | |
| S1 | 0.378 | -3.00% |
| S2 | 0.365 | -6.41% |
| S3 | 0 | - |
GNZUF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 21, 2024 | $0.0141 | 3.97% |
| 2 | Sep 07, 2023 | Sep 07, 2023 | Sep 28, 2023 | $0.0069 | 1.48% |
| 3 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | $0.0260 | 4.48% |
| 4 | Sep 13, 2022 | Sep 13, 2022 | Sep 13, 2022 | $0.0090 | 1.03% |
| 5 | Jun 14, 2022 | Jun 14, 2022 | Jun 14, 2022 | $0.0250 | 2.64% |
FAQ
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