Technical Analysis for BIMI - NF Energy Saving Corporation

Grade Last Price % Change Price Change
grade F 3.1 25.00% 0.62
BIMI closed up 25.0 percent on Thursday, November 21, 2019, on 53 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical BIMI trend table...

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Bullish Engulfing Bullish 0.00%
New Uptrend Bullish 0.00%
Stochastic Buy Signal Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
New Downtrend Bearish 25.00%
Narrow Range Bar Range Contraction 25.00%
NR7 Range Contraction 25.00%

Older signals for BIMI ...

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Profile
NF Energy Saving Corporation, through its subsidiaries, engages in the production and sale of energy-saving and intelligent flow control equipment in the People's Republic of China. The company manufactures large diameter energy efficient intelligent flow control systems for thermal and nuclear power generation plants, and national and regional water supply projects, as well as for municipal water, gas, and heat supply pipeline networks. It also provides equipment related to desulfurization, denitration, and dust removal for electric power generation, metallurgy, petrochemical, steel, cement, and heating supply industries. In addition, the company offers energy saving technology consulting, optimization design services, energy saving reconstruction of pipeline networks, and contractual energy management services for electric power, petrochemical, coal, metallurgy, construction, and municipal infrastructure industries. Further, it provides industrial valve components that are used in water supply and sewage systems, coal and gas fields, power generation stations, and petroleum and chemical industries; and develops and produces hi-tech and automatic-intelligence valve products. NF Energy Saving Corporation also exports its products to the United States, Russia, Turkey, Italy, Bulgaria, South Korea, Vietnam, India, Thailand, South Africa, Iraq, and Afghanistan. The company was formerly known as NF Energy Saving Corporation of America and changed its name to NF Energy Saving Corporation in August 2009. NF Energy Saving Corporation is based in Shenyang, the People's Republic of China.
Energy Steel Cement Energy Industry Energy Economics Energy Technology Flow Control Energy Efficiency Energy Development Energy Conservation Chemical Industries Technology Consulting Energy Policy Sewage Systems
Is BIMI a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 3 bearish and 0 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 25.0
52 Week Low 1.03
Average Volume 1,281,122
200-Day Moving Average 3.6595
50-Day Moving Average 3.2184
20-Day Moving Average 3.9715
10-Day Moving Average 3.298
Average True Range 0.6924
ADX 27.78
+DI 31.824
-DI 24.519
Chandelier Exit (Long, 3 ATRs ) 4.2628
Chandelier Exit (Short, 3 ATRs ) 4.4972
Upper Bollinger Band 5.5687
Lower Bollinger Band 2.3743
Percent B (%b) 0.23
BandWidth 80.433086
MACD Line -0.2775
MACD Signal Line -0.0213
MACD Histogram -0.2562
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.57
Resistance 3 (R3) 4.53 3.99 4.33
Resistance 2 (R2) 3.99 3.62 4.02 4.24
Resistance 1 (R1) 3.55 3.39 3.77 3.59 4.16
Pivot Point 3.01 3.01 3.13 3.04 3.01
Support 1 (S1) 2.57 2.64 2.79 2.61 2.04
Support 2 (S2) 2.03 2.41 2.06 1.96
Support 3 (S3) 1.59 2.03 1.88
Support 4 (S4) 1.63