Manfield Chemical Holdings Limited (HKSE: 1561) ANALYSIS OF PERFORMANCES IN FOCUS:
VALIDATION OBSERVATIONS:
Manfield Chemical Holdings Limited (HKSE: 1561) has a market capitalization of $ 220243783.6288 HKD. Using market capitalization to show the size of a company is important because the size of the company is a key determinant of various characteristics in which investors are interested, including risk.
Manfield Chemical Holdings Limited (HKSE: 1561) performed 5.090909% last month and registered a 29.596413% rate compared to the last quarter. The stock showed a return of 180.582524% over five years and recorded a weekly return of -3.666667%. The stock was seen at 26.754386% return in the last twelve months.
By monitoring the last 52 weeks, the high price of the 52-week shares was seen at $ 3.85 HKD and a minimum of 52 weeks seen at HKD $ 1.83. The 50 SMA is HKD $ 2.7325 and 200 SMA is HKD $ 2.274896. Moving averages can be used as support or resistance when a trader looks for a possible entry or exit on the market. This can also be said in the following way. In the event that the price makes a contact with the moving average on the price table, the trader, examining this chart carefully, will enter a long position or a short position. In reality, this works the same way as horizontal support or resistance lines. Moving averages are known as dynamic support and resistance, simply because they tend to change with prices.
Manfield Chemical Holdings Limited (HKSE: 1561) the stock changed HKD $ 0.01 and moved 0.347222%, while the share price was hit at $ 2.89 HKD in the last commercial transaction (Friday). 396,000 shares traded by hand while it is an average volume with 557836 shares. The company recorded a relative volume of 0.71. Volume is more important for traders. The heavily traded stocks allow investors to trade quickly and easily, without drastically changing the price of the stock. Substantial stocks are more difficult to trade because there are not many buyers or sellers at any given time, so buyers and sellers may have to change the desired price considerably to make an exchange.
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Volatility or percentage of the average real range (ATRP 14) is 4.86%. The ATR expressed as a percentage of the closing price. The average of the real interval percentage (ATRP) measures volatility at a relative level. ATRP allows you to compare titles while ATR no. This means that low-priced shares will not necessarily have lower ATR values than higher-priced ones.
TECHNICAL INDICATORS:
Now the company has an RSI figure of 51.79. The RSI compares the entity of recent gains with recent losses to see if an asset is oversold or overbought. RSI is plotted on a scale of 0 to 100. Generally, if it is above 70, the stock is considered overbought and then you can try to sell it. Similarly, an RSI below 30 indicates that the stock is oversold and can be purchased.
ADX value listed at 43.77. Trading in the direction of a strong trend reduces risk and increases profit potential. The average directional index (ADX) is used to determine when the price is in strong trend. In many cases, it is the last trend indicator. After all, the trend could be your friend, but it definitely helps to know who your friends are. ADX is used to quantify the strength of the trend. The ADX calculations are based on a moving average of the price range over a given period of time. The default setting is 14 bar, although other time periods can be used.
ADX values help traders identify the strongest and most profitable trends to be traded. Values are also important to distinguish between trend and non-trend conditions. Many traders will use ADX readings above 25 to suggest that the trend is strong enough for trend trading strategies. Conversely, when ADX is less than 25, many will avoid trend trading strategies. 0-25 shows no or weak trend, 25-50 indicates strong trend, signals 50-75 very strong trend and 75-100 reveals extremely strong trend.
Larry Spivey – Category – Business
Larry Spivey it also covers economic news in all market sectors. He also has a huge knowledge of the stock market. He holds an MBA degree from the University of Florida. He has more than 10 years experience in writing financial and market news. Previously, Larry has worked in several companies with different roles including web developer, software engineer and product manager. Currently it deals with the Business news section.
