Shanghai Stock Analysis

Professional Analysis Released on SHENZHEN FRD SCIENCE & TECHNOLOGY (300602) (2019-08-23)

REPORTING FOR 2019-08-23 | TALLAHASSEESCENE.COM: We have conducted a deep analysis of how SHENZHEN FRD SCIENCE & TECHNOLOGY (300602) has been trading over the last 2 weeks and the past day especially. On its latest session, SHENZHEN FRD SCIENCE & TECHNOLOGY (300602) opened at 35.6, reaching a high of 43.38 and a low of 41.6 before closing at a price of 42.17. There was a total volume of 4914231.

VOLUME INDICATORS: We saw an accumulation-distribution index of 493.1563, an on-balance volume of 43.26, chaikin money flow of -0.54242 and a force index of -0.8206. There was an ease of movement rating of -0.02621, a volume-price trend of 21.22886 and a negative volume index of 1000.0.

VOLATILITY: We noted an average true range of 0.84774, bolinger bands of 42.11684, an upper bollinger band of 41.35316, lower bollinger band of 41.6, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 40.19333, high band keltner channel of 32.41333, low band keltner channel of 47.97333, 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 41.6, a donchian channel low band of 41.6, 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 0.00606, a MACD signal of 0.00337, a MACD difference of 0.00269, a fast Exponential Moving Average (EMA) indicator of 41.6, a slow Exponential Moving Average (EMA) indicator of 41.6, 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 1.66733, a trix of 41.48811, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -13.793, a KST Oscillator (KST) of 496.02618 and a KST Oscillator (KST Signal) of 496.02618 (leaving a KST difference of 2.42745). We also found an Ichimoku rating of 39.49, an Ichimoku B rating of 39.49, a Ichimoku visual trend A of 29.54604, an Ichimoku visual trend B of 32.16447, 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 176.99217, a stochastic oscillator of 22.87918, a stochastic oscillator signal of 22.87918, a Williams %R rating of -77.12082 and an awesome oscillator of -0.01617.

RETURNS: There was a daily return of 49.60262, a daily log return of 0.64694 and a cumulative return of 0.64904.

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 2019-08-23 (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 SHENZHEN FRD SCIENCE & TECHNOLOGY (300602)…

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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 SHENZHEN FRD SCIENCE & TECHNOLOGY (300602) 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.
Abigale Lormen

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