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AI Analysis of 000066.SZ
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China Greatwall Technology Group Co Ltd stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on May 20, 2024)

Buy candidate since May 20, 2024 PDF

The China Greatwall Technology Group Co Ltd stock price gained 3.40% on the last trading day (Monday, 20th May 2024), rising from ¥9.40 to ¥9.72. 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 6.39% from a day low at ¥9.23 to a day high of ¥9.82. The price has risen in 6 of the last 10 days and is up by 0.1% 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, 23 million more shares were traded than the day before. In total, 56 million shares were bought and sold for approximately ¥547.70 million.

The stock lies the upper part of a 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 ¥9.73 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 -12.34% during the next 3 months and, with a 90% probability hold a price between ¥7.21 and ¥8.53 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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000066.SZ Signals & Forecast

Mostly positive signals in the chart today. The China Greatwall Technology Group Co Ltd 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 ¥9.36 and ¥9.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 11.47%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for China Greatwall Technology Group Co Ltd stock

China Greatwall Technology Group Co Ltd finds support from accumulated volume at ¥9.41 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 ¥0.590 between high and low, or 6.39%. For the last week, the stock has had daily average volatility of 5.16%.

Our recommended stop-loss: ¥9.36 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 49 days ago.)

Trading Expectations (000066.SZ) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect China Greatwall Technology Group Co Ltd to open at ¥9.59, and during the day (based on 14 day Average True Range), to move between ¥9.30 and ¥10.14, which gives a possible trading interval of +/-¥0.424 (+/-4.36%) up or down from last closing price. If China Greatwall Technology Group Co Ltd takes out the full calculated possible swing range there will be an estimated 8.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥9.41 (3.19%) than the resistance at ¥10.52 (8.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

China Greatwall Technology Group Co Ltd will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for China Greatwall Technology Group Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.71% in the first trading day after earnings release.

Is China Greatwall Technology Group Co Ltd stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.507 Buy Candidate Upgraded

Predicted Opening Price for China Greatwall Technology Group Co Ltd of Tuesday, May 21, 2024

Fair opening price May 21, 2024 Current price
¥9.59 ( 1.34%) ¥9.72

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 000066.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.18 4.73 %
R2 9.95 2.41 %
R1 9.82 0.98 %
Current price: 9.72
Support S1 9.36 -3.66 %
S2 9.23 -5.09 %
S3 9.00 -7.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.89 12.04 %
R2 10.73 10.39 %
R1 10.52 8.23 %
Current price 9.72
Support S1 9.41 -3.19%
S2 9.14 -5.97%
S3 9.13 -6.07%

000066 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 19, 2023 Jul 19, 2023 Jul 19, 2023 ¥0.0070 0.0556%
2 Jul 20, 2022 Jul 20, 2022 Jul 20, 2022 ¥0.0472 0.478%
3 Jul 16, 2021 Jul 16, 2021 Jul 16, 2021 ¥0.0865 0.584%
4 Jul 17, 2020 Jul 17, 2020 Jul 17, 2020 ¥0.0870 0.575%
5 Jul 17, 2019 Jul 17, 2019 Jul 17, 2019 ¥0.0500 0.516%

FAQ

What is the symbol for China Greatwall Technology Group Co Ltd Stock and on which exchange is it traded?
The symbol for China Greatwall Technology Group Co Ltd is 000066.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell China Greatwall Technology Group Co Ltd Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy China Greatwall Technology Group Co Ltd Stock?
China Greatwall Technology Group Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy China Greatwall Technology Group Co Ltd Stock.

What's the current price of China Greatwall Technology Group Co Ltd Stock?
As of the end of day on the May 20, 2024, the price of an China Greatwall Technology Group Co Ltd (000066.SZ) share was ¥9.72.

What is the 52-week high and low for China Greatwall Technology Group Co Ltd Stock?
The 52-week high for China Greatwall Technology Group Co Ltd Stock is ¥15.20 and the 52-week low is ¥7.25.

What is the market capitalization of China Greatwall Technology Group Co Ltd Stock?
As of the May 20, 2024, the market capitalization of China Greatwall Technology Group Co Ltd is 30.548B.

When is the next earnings date for China Greatwall Technology Group Co Ltd?
The upcoming earnings date for China Greatwall Technology Group Co Ltd is May 23, 2024.
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About China Greatwall Technology Group Co Ltd

China Greatwall Technology Group Co., Ltd. engages in network security and information, high-tech electronics, power supply, parks and property service, and other businesses in China. The company offers server products, storage devices, desktop PCs, computers, laptops, tablet PCs, and mobile phones; information security products; and desktop power supply, server power, mobile power, LED power supply, electrical products, chassis, and heat sink pr... 000066.SZ Profile

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