CSG/Shs A Vtg 1.00 Stock Forecast
Weaker technical forecast for CSG/Shs A Vtg 1.00 as stock downgraded to Sell Candidate.
(Updated on Apr 30, 2024)
The CSG/Shs A Vtg 1.00 stock price gained 0.358% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥5.59 to ¥5.61. It has now gained 3 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 3.49% from a day low at ¥5.44 to a day high of ¥5.63. The price has risen in 5 of the last 10 days and is up by 1.45% over the past 2 weeks. Volume fell on the last day by -14 million shares and in total, 17 million shares were bought and sold for approximately ¥95.77 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CSG/Shs A Vtg 1.00 stock with a 90% probability to be traded between ¥5.39 and ¥5.75 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.
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000012.SZ Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CSG/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 ¥5.62. On a fall, the stock will find some support from the short-term average at ¥5.53. 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. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -1.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CSG/Shs A Vtg 1.00 stock
CSG/Shs A Vtg 1.00 finds support from accumulated volume at ¥5.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.190 between high and low, or 3.49%. For the last week the stock has had daily average volatility of 5.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000012.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect CSG/Shs A Vtg 1.00 to open at ¥5.56, and during the day (based on 14 day Average True Range), to move between ¥5.43 and ¥5.79, which gives a possible trading interval of +/-¥0.180 (+/-3.22%) up or down from last closing price. If CSG/Shs A Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 6.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.59 (0.36%) than the resistance at ¥5.68 (1.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CSG/Shs A Vtg 1.00 stock A Buy?
CSG/Shs A Vtg 1.00 holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.477 Sell Candidate Downgraded
Predicted Opening Price for CSG/Shs A Vtg 1.00 of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥5.56 ( 0.89%) | ¥5.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000012.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.75 | 2.50 % | |
| R2 | 5.68 | 1.20 % | ||
| R1 | 5.63 | 0.402 % | ||
| Current price: | 5.61 | |||
| Support | S1 | 5.49 | -2.19 % | |
| S2 | 5.44 | -2.98 % | ||
| S3 | 5.37 | -4.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.70 | 1.60 % | |
| R2 | 5.69 | 1.43 % | ||
| R1 | 5.68 | 1.25 % | ||
| Current price | 5.61 | |||
| Support | S1 | 5.59 | -0.357% | |
| S2 | 5.48 | -2.32% | ||
| S3 | 5.44 | -3.03% |
000012 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 14, 2023 | Jul 14, 2023 | Jul 14, 2023 | ¥0.150 | 2.55% |
| 2 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | ¥0.200 | 2.63% |
| 3 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | ¥0.100 | 1.03% |
| 4 | Jul 01, 2020 | Jul 01, 2020 | Jul 01, 2020 | ¥0.0700 | 1.43% |
| 5 | Jun 26, 2019 | Jun 26, 2019 | Jun 26, 2019 | ¥0.0455 | 1.07% |
FAQ
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