Shenzhen Yan Tian Port Holdings Co. Ltd. Stock Forecast
Shenzhen Yan Tian Port Holdings Co. Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 09, 2024)
The Shenzhen Yan Tian Port Holdings Co. Ltd. stock price gained 2.45% on the last trading day (Thursday, 9th May 2024), rising from ¥4.90 to ¥5.02. During the last trading day the stock fluctuated 3.07% from a day low at ¥4.89 to a day high of ¥5.04. The price has risen in 6 of the last 10 days and is up by 1.83% 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, 7 million more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately ¥84.23 million.
The stock lies in the upper part of a weak rising 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 ¥5.04 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.02% during the next 3 months and, with a 90% probability hold a price between ¥4.94 and ¥5.24 at the end of this 3-month period.
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000088.SZ Signals & Forecast
The Shenzhen Yan Tian Port Holdings Co. Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥4.96 and ¥4.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 2.66%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Shenzhen Yan Tian Port Holdings Co. Ltd. stock
Shenzhen Yan Tian Port Holdings Co. Ltd. finds support from accumulated volume at ¥4.94 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 ¥0.150 between high and low, or 3.07%. For the last week the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: ¥4.76 (-5.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (000088.SZ) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Shenzhen Yan Tian Port Holdings Co. Ltd. to open at ¥4.98, and during the day (based on 14 day Average True Range), to move between ¥4.92 and ¥5.12, which gives a possible trading interval of +/-¥0.102 (+/-2.04%) up or down from last closing price. If Shenzhen Yan Tian Port Holdings Co. Ltd. takes out the full calculated possible swing range there will be an estimated 4.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥4.94, some ¥0.0800 (1.59%) from the current price of ¥5.02, our system finds the risk reward attractive.
Is Shenzhen Yan Tian Port Holdings Co. Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shenzhen Yan Tian Port Holdings Co. Ltd. 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: 4.356 Buy Candidate Upgraded
Predicted Opening Price for Shenzhen Yan Tian Port Holdings Co. Ltd. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ¥4.98 ( 0.730%) | ¥5.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000088.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.13 | 2.26 % | |
| R2 | 5.08 | 1.12 % | ||
| R1 | 5.04 | 0.411 % | ||
| Current price: | 5.02 | |||
| Support | S1 | 4.93 | -1.87 % | |
| S2 | 4.89 | -2.58 % | ||
| S3 | 4.83 | -3.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5.02 | |||
| Support | S1 | 4.94 | -1.59% | |
| S2 | 4.86 | -3.19% | ||
| S3 | 4.83 | -3.78% |
000088 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | ¥0.0450 | 0.91% |
| 2 | Jul 15, 2022 | Jul 15, 2022 | Jul 15, 2022 | ¥0.0300 | 0.613% |
| 3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.0180 | 0.325% |
| 4 | Jun 02, 2020 | Jun 02, 2020 | Jun 02, 2020 | ¥0.0138 | 0.330% |
| 5 | Jun 21, 2019 | Jun 21, 2019 | Jun 21, 2019 | ¥0.0248 | 0.491% |
FAQ
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