LBGJ Technical Analysis - LI BANG INTERNATIONAL CORP I

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to LBGJ. LBGJ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, LBGJ is a bad performer in the overall market: 100% of all stocks are doing better.

LBGJ is part of the Machinery industry. There are 129 other stocks in this industry, of which 92% are performing better than LBGJ.

Warning: LBGJ has an average volume of 23635 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month LBGJ has a been trading in the 1.16 - 1.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LI BANG INTERNATIONAL CORP I / LBGJ Weekly stock chart

LI BANG INTERNATIONAL CORP I / LBGJ Daily stock chart

Setup Rating and Analysis

LBGJ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.15

1.58

3 important support areas can be observed.

A support zone ranging from 1.31 to 1.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @1.21 from a trend line in the weekly time frame.
A support zone ranging from 1.16 to 1.18. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

Resistance @1.45 from a horizontal line in the weekly time frame.
Resistance @1.49 from a trend line in the daily time frame.
Resistance @1.56 from a trend line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for LBGJ is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for LBGJ is neutral.
ChartMill Relative Strength	0	NEGATIVE	LBGJ has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LBGJ is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of LBGJ is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of LBGJ is below a declining SMA(200).
Relative Strength Index/RSI (14)	52.35	NEUTRAL	The RSI value for LBGJ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests LBGJ has a negative trend, although the MACD value is rising.
Stochastics (14,3)	26.23	NEUTRAL	The Stochastics value for LBGJ is a neutral value.
Average True Range in percent/ATR (20)	12.86	HIGH VOLATILITY	The high ATR as a percentage value for LBGJ suggests high volalility.
Average Directional Index/ADX (14)	30.87	POSITIVE	The high ADX value value for LBGJ suggests a strong trend.