Shenzhen Cau Technology Co., Ltd. Stock Forecast
On Tuesday, Shenzhen Cau Technology Co., Ltd. stock price gained an impressive 10.05%
(Updated on Jun 18, 2024)
The Shenzhen Cau Technology Co., Ltd. stock price gained 10.05% on the last trading day (Tuesday, 18th Jun 2024), rising from ¥9.25 to ¥10.18. During the last trading day the stock fluctuated 9.82% from a day low at ¥9.27 to a day high of ¥10.18. The price has fallen in 5 of the last 10 days but is still up by 2.31% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately ¥98.54 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥10.69 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -33.61% during the next 3 months and, with a 90% probability hold a price between ¥5.16 and ¥7.10 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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000004.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 20.90%. 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 Shenzhen Cau Technology Co., Ltd. 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 ¥10.51. On a fall, the stock will find some support from the short-term average at ¥9.36. 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 Shenzhen Cau Technology Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥9.44 and ¥9.39. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Shenzhen Cau Technology Co., Ltd. finds support just below today's level at ¥9.44. If this is broken, then the next support from accumulated volume will be at ¥9.39 and ¥8.42.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.91 between high and low, or 9.82%. For the last week, the stock has had daily average volatility of 10.57%.
Our recommended stop-loss: ¥9.60 (-5.70%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (000004.SZ) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Shenzhen Cau Technology Co., Ltd. to open at ¥9.88, and during the day (based on 14 day Average True Range), to move between ¥9.23 and ¥11.13, which gives a possible trading interval of +/-¥0.95 (+/-9.33%) up or down from last closing price. If Shenzhen Cau Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 18.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥10.21 (0.29%) than the support at ¥9.44 (7.27%), 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 Shenzhen Cau Technology Co., Ltd. stock A Buy?
Shenzhen Cau Technology Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.362 Hold/Accumulate Upgraded
Predicted Opening Price for Shenzhen Cau Technology Co., Ltd. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| ¥9.88 ( 2.98%) | ¥10.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000004.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.79 | 5.96% |
| R2 | 10.44 | 2.54% |
| R1 | 10.22 | 0.435% |
| Price | 10.18 | |
| S1 | 9.53 | -6.39% |
| S2 | 9.31 | -8.50% |
| S3 | 8.97 | -11.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.69 | 14.83% |
| R2 | 11.14 | 9.43% |
| R1 | 10.21 | 0.295% |
| Price | 10.18 | |
| S1 | 9.44 | -7.27% |
| S2 | 9.39 | -7.76% |
| S3 | 8.42 | -17.29% |
000004 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2003 | Jun 19, 2003 | Jun 19, 2003 | ¥0.0240 | 0.223% |
| 2 | Jun 24, 2002 | Jun 24, 2002 | Jun 24, 2002 | ¥0.0400 | 0.233% |
| 3 | Aug 30, 1995 | Aug 30, 1995 | Aug 30, 1995 | ¥0.0480 | 1.38% |
| 4 | May 17, 1994 | May 17, 1994 | May 17, 1994 | ¥0.0485 | 0.85% |
| 5 | May 24, 1993 | May 24, 1993 | May 24, 1993 | ¥0.0298 | 0.361% |
FAQ
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