On February 26, 2020, Huafu Fashion A-shares opened at 7.06 yuan, a slight drop of 0.14% throughout the day, and the stock price closed at 7.07 yuan. Since February 24, 2020, Huafu Fashion's closing price has closed above the annual line (250-day moving average) for three consecutive days.
Previous review
Oriental Wealth Choice data shows that the stock price of Huafu Fashion closed above the annual line for three consecutive days on November 28, 2019, with the closing price on that day at 6.73 yuan ( before re-righted ), and the stock price fell the next day.
historical backtest
backtracked the stock price in the past year, and Huafu Fashion achieved three consecutive three consecutive days of closing above the annual line. Historical data shows that the stock price rose more and fell less the next day, with a total increase of 2 times, with a maximum increase of 5.38%; it suffered a decline of 1 time, with a decrease of 0.30%.
Market statistics
Market statistics from August 27, 2018 to August 26, 2019, Oriental Fortune Choice data shows that a total of 3,200 stocks closed above the annual line for three consecutive days 8,915 times, of which 4,228 stock prices rose on the second day, 4,442 stock prices fell, 245 stock prices did not change, and the average return rate of the next day of the entire market was 0.03%. If the period is extended, the average yields of one month (20th), three months (60th), and six months (120th) are 1.33%, -0.15%, and 1.92%, respectively.
Note: The annual line data used in this article is the data on the day of suspension.
Disclaimer: This article is based on big data and is for reference only. It does not constitute any investment advice. You can bear the risk of operating on this basis.