Technical Analysis for SHWGY - Shandong Weigao Grou

Grade Last Price % Change Price Change
grade A 10.11 12.96% 1.1600
SHWGY closed up 12.96 percent on Monday, July 13, 2020, on 66 percent of normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong N/A Up Up
Historical SHWGY trend table...

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Multiple of Ten Bullish Other 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Slingshot Bullish Bullish Swing Setup 12.96%
Narrow Range Bar Range Contraction 12.96%
Wide Bands Range Expansion 12.96%
Older signals for SHWGY ...

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Profile

Shandong Weigao Group Medical Polymer Company Limited engages in the research and development, production, export, and sale of single-use medical devices under the Jierui and Wego Ortho brands in the People's Republic of China and internationally. The company operates through three divisions: Single Use Medical Device Products, Orthopaedic Products, and Others. It offers single use medical consumables and materials, including infusion sets, syringes, blood bags and blood component segregator consumables, and blood sampling products; pre-filled syringes for pre-pack medication; and medical needles, which primarily include intravenous and syringe needles, intravenous catheter needles, wound management needles, blood sampling needles, and irregular needles. The company also provides orthopedic materials and instruments, such as trauma products of steel plates and screws, spinal implants, and artificial joints; and blood purification consumables and equipment comprising puncture needles, dialyzers, and related consumables, as well as extracorporeal blood circuits for blood purification sets. In addition, it engages in the wholesale, purchase, sale, and retail of disposable sterile medical devices; and sells computer software. Further, the company provides logistics and storage services; asset management and enterprise consulting services; finance leasing and factoring services; and enterprise management advisory services. Additionally, it offers industrial automatic equipment and parts; hemo-dialysis equipment; medical PVC granules, plastic packing bags, and carton boxes; molds; surgical devices and other disposal medical products; and implantation materials and artificial organs. The company serves hospitals, blood stations, and other medical units; and distributors. The company was founded in 2000 and is based in Weihai, the People's Republic of China. Shandong Weigao Group Medical Polymer Company Limited is a subsidiary of Weigao Holding Company Limited.
Retail Materials Asset Management Medical Equipment Medical Device Artificial Objects Goods Economics) Computer Software Dialysis Storage Services Catheter Drug Paraphernalia Polyvinyl Chloride Finance Leasing Steel Plates Syringe Surgical Devices Trauma Products Blood Sampling Products Disposable Product Disposal Medical Products Enterprise Consulting Services Enterprise Management Advisory Services Hemo Dialysis Equipment Industrial Automatic Equipment Orthopedic Materials Sterile Medical Devices

Is SHWGY a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 10.11
52 Week Low 2.47
Average Volume 1,210
200-Day Moving Average 0.0000
50-Day Moving Average 6.0854
20-Day Moving Average 7.5435
10-Day Moving Average 8.7210
Average True Range 0.4687
ADX 39.37
+DI 71.5213
-DI 26.3361
Chandelier Exit (Long, 3 ATRs ) 8.7039
Chandelier Exit (Short, 3 ATRs ) 7.0761
Upper Bollinger Band 10.2621
Lower Bollinger Band 4.8249
Percent B (%b) 0.97
BandWidth 72.0779
MACD Line 1.0621
MACD Signal Line 0.8576
MACD Histogram 0.2045
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.0250
Resistance 3 (R3) 10.9233 10.5167 10.8725
Resistance 2 (R2) 10.5167 10.2836 10.5675 10.8216
Resistance 1 (R1) 10.3133 10.1397 10.4150 10.4150 10.7708
Pivot Point 9.9067 9.9067 9.9575 9.9575 9.9067
Support 1 (S1) 9.7033 9.6736 9.8050 9.8050 9.4492
Support 2 (S2) 9.2967 9.5297 9.3475 9.3984
Support 3 (S3) 9.0933 9.2967 9.3475
Support 4 (S4) 9.1950