Shenzhen Yan Tian Port Holdings Co. Ltd. Stock Forecast
Shenzhen Yan Tian Port Holdings Co. Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)
The Shenzhen Yan Tian Port Holdings Co. Ltd. stock price gained 0.211% on the last trading day (Friday, 31st May 2024), rising from ¥4.75 to ¥4.76. During the last trading day the stock fluctuated 0.84% from a day low at ¥4.75 to a day high of ¥4.79. The price has fallen in 5 of the last 10 days and is down by -4.23% for this period. Volume fell on the last day by -517 thousand shares and in total, 4 million shares were bought and sold for approximately ¥20.24 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 lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥4.75 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.97% during the next 3 months and, with a 90% probability hold a price between ¥4.99 and ¥5.33 at the end of this 3-month period.
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000088.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.211%. Further rise is indicated until a new top pivot has been found. 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. The Shenzhen Yan Tian Port Holdings 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 ¥4.78 and ¥4.91. 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 Yan Tian Port Holdings Co. Ltd. stock
Shenzhen Yan Tian Port Holdings Co. Ltd. finds support from accumulated volume at ¥4.74 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 ¥0.0400 (0.84%) between high and low. For the last week, the stock has had daily average volatility of 2.10%.
Our recommended stop-loss: ¥4.48 (-5.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (000088.SZ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Shenzhen Yan Tian Port Holdings Co. Ltd. to open at ¥4.77, and during the day (based on 14 day Average True Range), to move between ¥4.65 and ¥4.87, which gives a possible trading interval of +/-¥0.112 (+/-2.35%) 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 4.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.74 (0.42%) than the resistance at ¥4.85 (1.89%), 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 Yan Tian Port Holdings Co. Ltd. stock A Buy?
Shenzhen Yan Tian Port Holdings Co. Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.141 Hold/Accumulate Upgraded
Predicted Opening Price for Shenzhen Yan Tian Port Holdings Co. Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ¥4.77 ( 0.140%) | ¥4.76 |
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 | 4.81 | 0.98 % | |
| R2 | 4.79 | 0.659 % | ||
| R1 | 4.78 | 0.461 % | ||
| Current price: | 4.76 | |||
| Support | S1 | 4.75 | -0.181 % | |
| S2 | 4.74 | -0.379 % | ||
| S3 | 4.73 | -0.700 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.04 | 5.88 % | |
| R2 | 4.94 | 3.78 % | ||
| R1 | 4.85 | 1.89 % | ||
| Current price | 4.76 | |||
| Support | S1 | 4.74 | -0.420% | |
| S2 | 4.71 | -1.05% | ||
| S3 | 4.69 | -1.47% |
000088 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | May 22, 2024 | ¥0.182 | 3.75% |
| 2 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | ¥0.0450 | 0.91% |
| 3 | Jul 15, 2022 | Jul 15, 2022 | Jul 15, 2022 | ¥0.0300 | 0.613% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.0180 | 0.325% |
| 5 | Jun 02, 2020 | Jun 02, 2020 | Jun 02, 2020 | ¥0.0138 | 0.330% |
FAQ
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