Shanghai Stock Analysis

A New Analysis of Zhongman Petroleum and Natural Gas Group Corp.£¬Ltd (603619) (2019-07-12)

Firstly, as of today (2019-07-12) we’ve determined the following resources to be extremely useful for Zhongman Petroleum and Natural Gas Group Corp.£¬Ltd investors – we recommend taking a look. Take your time with the following:

Beat The Market Analyzer: http://tallahasseescene.com/recommended-tool-for-SHANGHAI603619-investors (this is a fantastic tool – use this to analyze Zhongman Petroleum and Natural Gas Group Corp.£¬Ltd in much more depth)
MM Publishing: http://tallahasseescene.com/mmpublishing-for-SHANGHAI603619-investors
Trading Code: http://tallahasseescene.com/tradingcode-for-SHANGHAI603619-investors
Trader HR: http://tallahasseescene.com/traderHR-for-SHANGHAI603619-investors

REPORTING FOR 2019-07-12 | TALLAHASSEESCENE.COM: We have conducted a deep analysis of how Zhongman Petroleum and Natural Gas Group Corp.£¬Ltd (603619) has been trading over the last 2 weeks and the past day especially. On its latest session, Zhongman Petroleum and Natural Gas Group Corp.£¬Ltd (603619) opened at 19.21, reaching a high of 19.24 and a low of 18.68 before closing at a price of 18.85. There was a total volume of 5867712.0.

VOLUME INDICATORS: We saw an accumulation-distribution index of 722.84456, an on-balance volume of 19.58, chaikin money flow of 36.33333 and a force index of 0.007. There was an ease of movement rating of -0.01301, a volume-price trend of 1.52174 and a negative volume index of 1000.0.

VOLATILITY: We noted an average true range of 0.55222, bolinger bands of 19.80939, an upper bollinger band of 18.14061, lower bollinger band of 18.68, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 19.04333, high band keltner channel of 19.01333, low band keltner channel of 19.07333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 18.68, a donchian channel low band of 18.68, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND: We calculated a Moving Average Convergence Divergence (MACD) of 0.01324, a MACD signal of 0.00735, a MACD difference of 0.00588, a fast Exponential Moving Average (EMA) indicator of 18.68, a slow Exponential Moving Average (EMA) indicator of 18.68, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.16278, a trix of 4.40844, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -1.4098, a KST Oscillator (KST) of 81.63194 and a KST Oscillator (KST Signal) of 81.63194 (leaving a KST difference of 8.54072). We also found an Ichimoku rating of 19.225, an Ichimoku B rating of 19.225, a Ichimoku visual trend A of 18.4944, an Ichimoku visual trend B of 19.09985, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM: We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 72.6776, a stochastic oscillator of 1866.66667, a stochastic oscillator signal of 1866.66667, a Williams %R rating of 1766.66667 and an awesome oscillator of 0.04517.

RETURNS: There was a daily return of 8.16319, a daily log return of 3.1096 and a cumulative return of 3.15846.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-07-12 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Zhongman Petroleum and Natural Gas Group Corp.£¬Ltd (603619)…

To stay up to date with what is happening here, we strongly advise Zhongman Petroleum and Natural Gas Group Corp.£¬Ltd investors to subscribe to MarketBeat.com’s daily email newsletter for updates, news and analyst ratings on stocks like Zhongman Petroleum and Natural Gas Group Corp.£¬Ltd – without this you are trading blind:

We will of course continue to cover the news and price action of Zhongman Petroleum and Natural Gas Group Corp.£¬Ltd, but it’s easiest for you to just subscribe to MarketBeat’s newsletter above so you don’t miss anything.

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Zhongman Petroleum and Natural Gas Group Corp.£¬Ltd (603619) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at Tallahasseescene. Currently she is focusing on writing technical analysis news articles.
Abigale Lormen
Abigale Lormen
Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at Tallahasseescene. Currently she is focusing on writing technical analysis news articles.

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