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RSI low/high Values: [ 25 - 85 ]
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AI Analysis of 000068.SZ
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Red day on Friday for Shenzhen Huakong Seg Co., Ltd.
(Updated on Jun 21, 2024)

Sell candidate since May 22, 2024 Loss -14.71% PDF

The Shenzhen Huakong Seg Co., Ltd. stock price fell by -0.699% on the last day (Friday, 21st Jun 2024) from ¥2.86 to ¥2.84. During the last trading day the stock fluctuated 6.27% from a day low at ¥2.71 to a day high of ¥2.88. The price has fallen in 6 of the last 10 days and is down by -4.05% for this period. Volume has increased on the last day by 244 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 million shares were bought and sold for approximately ¥23.83 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -27.86% during the next 3 months and, with a 90% probability hold a price between ¥1.92 and ¥2.21 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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000068.SZ Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shenzhen Huakong Seg 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 ¥2.89 and ¥3.17. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Shenzhen Huakong Seg Co., Ltd. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 ¥0.170 between high and low, or 6.27%. For the last week, the stock has had daily average volatility of 3.57%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (000068.SZ) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Shenzhen Huakong Seg Co., Ltd. to open at ¥2.81, and during the day (based on 14 day Average True Range), to move between ¥2.70 and ¥2.98, which gives a possible trading interval of +/-¥0.142 (+/-4.99%) up or down from last closing price. If Shenzhen Huakong Seg Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.97% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ ¥3.31, some ¥0.470 (16.55%) from the current price of ¥2.84, our system finds the risk reward not very attractive.

Is Shenzhen Huakong Seg Co., Ltd. stock A Buy?

Shenzhen Huakong Seg 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: -2.889 Sell Candidate Unchanged

Predicted Opening Price for Shenzhen Huakong Seg Co., Ltd. of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
¥2.81 ( 1.06%) ¥2.84

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

Trading levels for 000068.SZ

Fibonacci Support & Resistance Levels

Level Price
R3 2.98 4.93%
R2 2.92 2.64%
R1 2.87 1.23%
Price 2.84
S1 2.75 -3.34%
S2 2.70 -4.76%
S3 2.64 -7.04%

Accumulated Volume Support & Resistance Levels

Level Price
R3 3.49 22.89%
R2 3.42 20.42%
R1 3.31 16.55%
Price 2.84
S1 0 -
S2 0 -
S3 0 -

000068 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 03, 2007 Aug 03, 2007 Aug 03, 2007 ¥0.200 3.98%
2 Jun 29, 2005 Jun 29, 2005 Jun 29, 2005 ¥0.100 1.80%
3 Jul 09, 2003 Jul 09, 2003 Jul 09, 2003 ¥0.0500 0.735%
4 Jun 20, 2002 Jun 20, 2002 Jun 20, 2002 ¥0.0300 0.364%
5 Jul 12, 2001 Jul 12, 2001 Jul 12, 2001 ¥0.0800 0.85%

FAQ

What is the symbol for Shenzhen Huakong Seg Co., Ltd. Stock and on which exchange is it traded?
The symbol for Shenzhen Huakong Seg Co., Ltd. is 000068.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Shenzhen Huakong Seg Co., Ltd. Stock?
Shenzhen Huakong Seg 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.

How to buy Shenzhen Huakong Seg Co., Ltd. Stock?
Shenzhen Huakong Seg 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 Shenzhen Huakong Seg Co., Ltd. Stock.

What's the current price of Shenzhen Huakong Seg Co., Ltd. Stock?
As of the end of day on the Jun 21, 2024, the price of an Shenzhen Huakong Seg Co., Ltd. (000068.SZ) share was ¥2.84.

What is the 52-week high and low for Shenzhen Huakong Seg Co., Ltd. Stock?
The 52-week high for Shenzhen Huakong Seg Co., Ltd. Stock is ¥6.49 and the 52-week low is ¥2.71.

What is the market capitalization of Shenzhen Huakong Seg Co., Ltd. Stock?
As of the Jun 21, 2024, the market capitalization of Shenzhen Huakong Seg Co., Ltd. is 2.859B.

When is the next earnings date for Shenzhen Huakong Seg Co., Ltd.?
The upcoming earnings date for Shenzhen Huakong Seg Co., Ltd. is Apr 17, 2025.
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