Thursday, May 05, 2016 5:10:06 AM
More to gain
Full analysis here
China Natural Resources is up by China Natural Resources gaining23.78% yesterday from USD 1.43 to USD 1.77 The price has been going up and down in this period, and there has been a 19.59% gain for the last 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and in total there were China Natural Resources gaining51 476 more shares traded than the day before. In total there were 73 272 shares bought and sold for approx. USD 129 691.
Trend
China Natural Resources lays in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signalized. Given the current short-term trend the stock is expected to rise China Natural Resources gaining43.7% during the next 3 months and with 90% probability will hold a price between USD 2.08 and USD 4.34 at the end of this period.
Signals
Only positive signals in the chart today. China Natural Resources holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at USD 1.56 and USD 1.64. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point at Tue. 03 May 2016 and this indicates further gains until a new top pivot has been found. China Natural Resources has rising volume and it does follow the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strenght Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
RSI charts for China Natural Resources
Support & Resistance
China Natural Resources finds support from accumulated volume at USD 1.76, USD 1.70 and USD 1.33 On the upside the stock meets some resistance from accumulated volume at USD 1.96, USD 2.04 and USD 2.12.
Risk
This stock may move much during a day (volatility) and with a large prediction interval from the Bollingers Bond this stock is considered to be "high risk". During the last day the stock moved USD 0.32 between high and low, and this equals 22.07%. For the last week the stock has had a daily average volatility of 14.44%.
Evaluation
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 this stock to perform well in the short term.
Our short-term conclusion: Buy Candidate
Full analysis here
China Natural Resources is up by China Natural Resources gaining23.78% yesterday from USD 1.43 to USD 1.77 The price has been going up and down in this period, and there has been a 19.59% gain for the last 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and in total there were China Natural Resources gaining51 476 more shares traded than the day before. In total there were 73 272 shares bought and sold for approx. USD 129 691.
Trend
China Natural Resources lays in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signalized. Given the current short-term trend the stock is expected to rise China Natural Resources gaining43.7% during the next 3 months and with 90% probability will hold a price between USD 2.08 and USD 4.34 at the end of this period.
Signals
Only positive signals in the chart today. China Natural Resources holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at USD 1.56 and USD 1.64. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point at Tue. 03 May 2016 and this indicates further gains until a new top pivot has been found. China Natural Resources has rising volume and it does follow the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strenght Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
RSI charts for China Natural Resources
Support & Resistance
China Natural Resources finds support from accumulated volume at USD 1.76, USD 1.70 and USD 1.33 On the upside the stock meets some resistance from accumulated volume at USD 1.96, USD 2.04 and USD 2.12.
Risk
This stock may move much during a day (volatility) and with a large prediction interval from the Bollingers Bond this stock is considered to be "high risk". During the last day the stock moved USD 0.32 between high and low, and this equals 22.07%. For the last week the stock has had a daily average volatility of 14.44%.
Evaluation
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 this stock to perform well in the short term.
Our short-term conclusion: Buy Candidate
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