VANKEA/Shs A Vtg 1.00 Stock Forecast

Green day on Friday for VANKEA/Shs A Vtg 1.00
(Updated on Apr 26, 2024)

000002.SZ Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 5.05%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The VANKEA/Shs A Vtg 1.00 stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥8.33. On a fall, the stock will find some support from the short-term average at ¥6.69. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for VANKEA/Shs A Vtg 1.00 stock

VANKEA/Shs A Vtg 1.00 finds support from accumulated volume at ¥6.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.430 between high and low, or 6.67%. For the last week, the stock has had daily average volatility of 4.55%.

VANKEA/Shs A Vtg 1.00 is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (000002.SZ) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect VANKEA/Shs A Vtg 1.00 to open at ¥6.73, and during the day (based on 14 day Average True Range), to move between ¥6.44 and ¥7.30, which gives a possible trading interval of +/-¥0.431 (+/-6.28%) up or down from last closing price. If VANKEA/Shs A Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 12.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥6.88 (0.15%) than the support at ¥6.70 (2.47%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is VANKEA/Shs A Vtg 1.00 stock A Buy?

VANKEA/Shs A Vtg 1.00 holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.403 Sell Candidate Unchanged

Predicted Opening Price for VANKEA/Shs A Vtg 1.00 of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.