Shenzhen Guangju Energy Co., Ltd. Stock Forecast
Evaluation of Shenzhen Guangju Energy Co., Ltd. stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Shenzhen Guangju Energy Co., Ltd. stock price gained 0.271% on the last trading day (Friday, 17th May 2024), rising from ¥7.39 to ¥7.41. During the last trading day the stock fluctuated 1.91% from a day low at ¥7.34 to a day high of ¥7.48. The price has been going up and down for this period, and there has been a 2.49% gain for the last 2 weeks. Volume fell on the last day by -422 thousand shares and in total, 20 million shares were bought and sold for approximately ¥146.38 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 lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.06% during the next 3 months and, with a 90% probability hold a price between ¥8.42 and ¥9.01 at the end of this 3-month period.
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000027.SZ Signals & Forecast
The Shenzhen Guangju Energy Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥7.47. On a fall, the stock will find some support from the long-term average at approximately ¥7.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -2.76%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Shenzhen Guangju Energy Co., Ltd. stock
Shenzhen Guangju Energy Co., Ltd. finds support from accumulated volume at ¥7.35 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 ¥0.140 (1.91%) between high and low. For the last week, the stock has had daily average volatility of 2.46%.
Our recommended stop-loss: ¥7.11 (-4.04%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (000027.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Shenzhen Guangju Energy Co., Ltd. to open at ¥7.41, and during the day (based on 14 day Average True Range), to move between ¥7.20 and ¥7.62, which gives a possible trading interval of +/-¥0.211 (+/-2.84%) up or down from last closing price. If Shenzhen Guangju Energy Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥7.43 (0.27%) than the support at ¥7.35 (0.81%), 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.
Earnings coming up
Shenzhen Guangju Energy Co., Ltd. will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for Shenzhen Guangju Energy Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.03% in the first trading day after earnings release.
Is Shenzhen Guangju Energy Co., Ltd. stock A Buy?
Shenzhen Guangju Energy 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.567 Hold/Accumulate Downgraded
Predicted Opening Price for Shenzhen Guangju Energy Co., Ltd. of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
¥7.41 ( 0%) | ¥7.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000027.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.55 | 1.89 % | |
R2 | 7.50 | 1.17 % | ||
R1 | 7.46 | 0.722 % | ||
Current price: | 7.41 | |||
Support | S1 | 7.36 | -0.722 % | |
S2 | 7.32 | -1.17 % | ||
S3 | 7.27 | -1.89 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.62 | 2.83 % | |
R2 | 7.46 | 0.675 % | ||
R1 | 7.43 | 0.270 % | ||
Current price | 7.41 | |||
Support | S1 | 7.35 | -0.81% | |
S2 | 7.07 | -4.59% | ||
S3 | 6.48 | -12.55% |
000027 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | ¥0.140 | 2.19% |
2 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | ¥0.175 | 2.77% |
3 | Jun 18, 2021 | Jun 18, 2021 | Jun 18, 2021 | ¥0.260 | 2.71% |
4 | Jun 11, 2020 | Jun 11, 2020 | Jun 11, 2020 | ¥0.0500 | 1.11% |
5 | Jun 14, 2019 | Jun 14, 2019 | Jun 14, 2019 | ¥0.0417 | 0.85% |
FAQ
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