ShenZhen Kondarl Group Co Ltd Stock Forecast
ShenZhen Kondarl Group Co Ltd stock price up 0.614% on Friday
(Updated on Apr 26, 2024)
The ShenZhen Kondarl Group Co Ltd stock price gained 0.614% on the last trading day (Friday, 26th Apr 2024), rising from ¥16.29 to ¥16.39. 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 3.54% from a day low at ¥16.11 to a day high of ¥16.68. The price has risen in 6 of the last 10 days but is still down by -2.79% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 766 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately ¥52.72 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥16.20 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.55% during the next 3 months and, with a 90% probability hold a price between ¥15.30 and ¥17.17 at the end of this 3-month period.
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000048.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 0.800%. 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 Kondarl Group Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥16.45 and ¥17.18. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ShenZhen Kondarl Group Co Ltd stock
ShenZhen Kondarl Group Co Ltd finds support from accumulated volume at ¥16.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.570 between high and low, or 3.54%. For the last week, the stock has had daily average volatility of 3.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000048.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect ShenZhen Kondarl Group Co Ltd to open at ¥16.39, and during the day (based on 14 day Average True Range), to move between ¥15.77 and ¥17.01, which gives a possible trading interval of +/-¥0.623 (+/-3.80%) up or down from last closing price. If ShenZhen Kondarl Group Co Ltd takes out the full calculated possible swing range there will be an estimated 7.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥16.32 (0.43%) than the resistance at ¥17.48 (6.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ShenZhen Kondarl Group Co Ltd stock A Buy?
ShenZhen Kondarl Group Co Ltd holds several negative signals and is within a wide and 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.
Current score: -2.735 Sell Candidate Unchanged
Predicted Opening Price for ShenZhen Kondarl Group Co Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥16.39 ( 0.0203%) | ¥16.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000048.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.96 | 3.50 % | |
| R2 | 16.75 | 2.17 % | ||
| R1 | 16.61 | 1.35 % | ||
| Current price: | 16.39 | |||
| Support | S1 | 16.18 | -1.31 % | |
| S2 | 16.04 | -2.13 % | ||
| S3 | 15.82 | -3.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.62 | 13.61 % | |
| R2 | 17.92 | 9.33 % | ||
| R1 | 17.48 | 6.65 % | ||
| Current price | 16.39 | |||
| Support | S1 | 16.32 | -0.427% | |
| S2 | 16.29 | -0.610% | ||
| S3 | 16.26 | -0.793% |
000048 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2023 | May 10, 2023 | May 10, 2023 | ¥1.00 | 4.95% |
| 2 | Apr 21, 2022 | Apr 21, 2022 | Apr 21, 2022 | ¥1.30 | 5.67% |
| 3 | May 10, 2021 | May 10, 2021 | May 10, 2021 | ¥1.15 | 5.49% |
| 4 | Jul 20, 2020 | Jul 20, 2020 | Jul 20, 2020 | ¥0.577 | 2.93% |
| 5 | May 16, 2000 | May 16, 2000 | May 16, 2000 | ¥0.0168 | 0.0620% |
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