PRD/Shs A Vtg 1.00 Stock Forecast
PRD/Shs A Vtg 1.00 stock price up 3.61% on Monday
(Updated on Apr 29, 2024)
The PRD/Shs A Vtg 1.00 stock price gained 3.61% on the last trading day (Monday, 29th Apr 2024), rising from ¥8.31 to ¥8.61. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.49% from a day low at ¥8.17 to a day high of ¥8.70. The price has risen in 7 of the last 10 days and is up by 8.3% 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, 8 million more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately ¥109.99 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect PRD/Shs A Vtg 1.00 stock with a 90% probability to be traded between ¥7.46 and ¥8.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
000011.SZ Signals & Forecast
The PRD/Shs A Vtg 1.00 stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥8.20 and ¥8.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 11.24%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for PRD/Shs A Vtg 1.00 stock
PRD/Shs A Vtg 1.00 finds support from accumulated volume at ¥8.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.530 (6.49%) between high and low. For the last week, the stock has had daily average volatility of 4.41%.
Our recommended stop-loss: ¥8.28 (-3.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 54 days ago.)
Trading Expectations (000011.SZ) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect PRD/Shs A Vtg 1.00 to open at ¥8.49, and during the day (based on 14 day Average True Range), to move between ¥8.28 and ¥8.94, which gives a possible trading interval of +/-¥0.325 (+/-3.77%) up or down from last closing price. If PRD/Shs A Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 7.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥8.60 (0.12%) than the resistance at ¥9.23 (7.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PRD/Shs A Vtg 1.00 stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for PRD/Shs A Vtg 1.00 stock to perform well in the short-term period.
Current score: 3.477 Buy Candidate Unchanged
Predicted Opening Price for PRD/Shs A Vtg 1.00 of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| ¥8.49 ( 1.36%) | ¥8.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000011.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.02 | 4.80 % | |
| R2 | 8.82 | 2.45 % | ||
| R1 | 8.70 | 1.00 % | ||
| Current price: | 8.61 | |||
| Support | S1 | 8.29 | -3.71 % | |
| S2 | 8.17 | -5.16 % | ||
| S3 | 7.96 | -7.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 9.23 | 7.20 % | ||
| Current price | 8.61 | |||
| Support | S1 | 8.60 | -0.116% | |
| S2 | 8.34 | -3.14% | ||
| S3 | 8.20 | -4.76% |
000011 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 10, 2023 | Jul 10, 2023 | Jul 10, 2023 | ¥0.361 | 3.91% |
| 2 | Jul 11, 2022 | Jul 11, 2022 | Jul 11, 2022 | ¥0.680 | 5.82% |
| 3 | Apr 30, 2021 | Apr 30, 2021 | Apr 30, 2021 | ¥0.410 | 3.50% |
| 4 | May 18, 2020 | May 18, 2020 | May 18, 2020 | ¥0.360 | 4.09% |
| 5 | May 16, 2019 | May 16, 2019 | May 16, 2019 | ¥0.300 | 2.91% |
FAQ
Click here for our free guide on how to buy PRD/Shs A Vtg 1.00 Stock.
