Technical Analysis: Diverging Price Action Drives Neutral Outlook for Toy Stocks

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Alpha Group


Alpha Group last traded at an average intraday price of 5.56 CNY, with the last closing price at 5.59 CNY. Based on the stock's average daily change (ADC), the current price momentum is bearish, with a net change of 0.02 CNY for the day. The current momentum compares to the bearish momentum seen in the prior day and the bearish momentum seen over the prior week.



The price currently trades above its 30-day moving average and has continually traded below its trailing 30-day MA over the last week. This serves as a bearish sign for the short-term price outlook.



Meanwhile, the volume rate of change (VROC) indicator stands at -50.1, in line with the current bearish price trend. Notably, the VROC indicator has been bearish over the prior week, while over the last month, the indicator has screened as bearish.



Based on the current price action, trader sentiment screens as bearish, as the stock has experienced a further six bullish days over the last month and 61 up days over the last year. On balance, the psychological trend has been bearish.



Finally, the stock's relative strength indicator (RSI) reached 56.4 as of the most recent close, with a trailing 3-day RSI of 100, a trailing 9-day RSI of 52, and a trailing 30-day RSI of 46.9. Thus, the latest RSI, which screens as bullish, compares to the month-long bearish trend.



BanBao


BanBao Co Ltd last traded at an average intraday price of 9.10 CNY, with the last closing price at 8.85 CNY. Based on the stock's average daily change (ADC), the current price momentum is bullish, with a net change of 0.11 CNY for the day. The current momentum compares to the bullish momentum seen in the prior day and the bullish momentum seen over the prior week.



The price currently trades above its 30-day moving average and has continually traded above its trailing 30-day MA over the last week. This serves as a bullish sign for the short-term price outlook.



Meanwhile, the volume rate of change (VROC) indicator stands at 34.6, in line with the current bullish price trend. Notably, the VROC indicator has been bullish over the prior week, while over the last month, the indicator has screened as bullish.



Based on the current price action, trader sentiment screens as bearish, as the stock has experienced a further four bullish days over the last month and 93 up days over the last year.



Finally, the stock's relative strength indicator (RSI) reached 57.8 as of the most recent close, with a trailing 3-day RSI of 45.8, a trailing 9-day RSI of 65.7, and a trailing 30-day RSI of 53.3. Thus, the latest RSI, which screens as bullish, compares to the month-long bullish trend.



Rastar Group


Rastar Group last traded at an average intraday price of 3.21 CNY, with the last closing price at 3.26 CNY. Based on the stock's average daily change (ADC), the current price momentum is bearish, with a net change of 0.04 CNY for the day. The current momentum compares to the bearish momentum seen in the prior day and the bearish momentum seen over the prior week.



The price currently trades above its 30-day moving average and has continually traded below its trailing 30-day MA over the last week. This serves as a bearish sign for the short-term price outlook.



Meanwhile, the volume rate of change (VROC) indicator stands at -42.0, in line with the current bearish price trend. Notably, the VROC indicator has been bearish over the prior week, while over the last month, the indicator has screened as bullish.



Based on the current price action, trader sentiment screens as bearish, as the stock has experienced a further 3 bullish days over the last month and 70 up days over the last year. On balance, the psychological trend has been bearish.



Finally, the stock's relative strength indicator (RSI) reached 58.9 as of the most recent close, with a trailing 3-day RSI of 90.9, a trailing 9-day RSI of 62.5, and a trailing 30-day RSI of 49.3. Thus, the latest RSI, which screens as bullish, compares to the month-long bearish trend.



Sources:


https://uk.tradingview.com/symbols/SZSE-002292/


https://uk.tradingview.com/symbols/SSE-603398/


https://uk.tradingview.com/symbols/SZSE-300043/

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