ZHEJIANG DAHUA TECHNOLOGY CO., LTD. (SHE:002236) Trading Outlook
DAHUA TECH closed up 0.600 at 14.610. Volume was 54% above average (neutral) and Bollinger Bands were 11% narrower than normal.
Open High Low Close Volume___
14.020 14.740 13.990 14.610 38,654,120
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 14.58 13.52 13.77
Volatility: 52 38 51
Volume: 27,509,830 19,671,684 27,940,490
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
DAHUA TECH is currently 6.1% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume into 002236.SZ (mildly bullish). Our trend forecasting oscillators are currently bullish on 002236.SZ and have had this outlook for the last 20 periods.
A big white candle occurred.
This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 26 white candles and 23 black candles for a net of 3 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 45.9807. This is not an overbought or oversold reading. The last signal was a sell 16 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 58.03. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 8 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -5. This is not a topping or bottoming area. The last signal was a sell 4 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 1 period(s) ago.
Zhejiang Dahua Technology Co., Ltd. is a China-based company principally engaged in manufacture and distribution of security products. The Company’s main products portfolio consists of after end audio and video products, front end audio and video products, as well as remote image monitoring products, among others. The Company distributes its products within domestic market and to overseas markets. Through its subsidiaries, the Company is also involved in the development and production of computer software, electronics and communications products, as well as the provision of computer system integration and consulting services.
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