Shenzhen Guangju Energy Co., Ltd. Stock Forecast
Shenzhen Guangju Energy Co., Ltd. stock price fell more than -5.07% Tuesday closing at ¥10.11
(Updated on Apr 30, 2024)
The Shenzhen Guangju Energy Co., Ltd. stock price fell by -5.07% on the last day (Tuesday, 30th Apr 2024) from ¥10.65 to ¥10.11. During the last trading day the stock fluctuated 5.35% from a day low at ¥10.10 to a day high of ¥10.64. The price has been going up and down for this period, and there has been a 0.1% gain for the last 2 weeks. Volume has increased on the last day by 935 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, 7 million shares were bought and sold for approximately ¥66.89 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ¥10.25. A reaction back to this level may hold a second chance to get out before further falls.
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000096.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.0990%. 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 Guangju Energy 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 ¥10.34 and ¥10.59. 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 Guangju Energy Co., Ltd. stock
Shenzhen Guangju Energy Co., Ltd. finds support from accumulated volume at ¥10.10 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 ¥0.540 between high and low, or 5.35%. For the last week, the stock has had daily average volatility of 3.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000096.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Shenzhen Guangju Energy Co., Ltd. to open at ¥10.28, and during the day (based on 14 day Average True Range), to move between ¥9.60 and ¥10.62, which gives a possible trading interval of +/-¥0.505 (+/-5.00%) up or down from last closing price. If Shenzhen Guangju Energy Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥10.10 (0.10%) than the resistance at ¥10.14 (0.30%), 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 Guangju Energy Co., Ltd. stock A Buy?
The Shenzhen Guangju Energy Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Shenzhen Guangju Energy Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.909 Sell Candidate Downgraded
Predicted Opening Price for Shenzhen Guangju Energy Co., Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥10.28 ( 1.71%) | ¥10.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000096.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.82 | 7.06 % | |
| R2 | 10.62 | 5.02 % | ||
| R1 | 10.49 | 3.75 % | ||
| Current price: | 10.11 | |||
| Support | S1 | 10.08 | -0.326 % | |
| S2 | 9.95 | -1.59 % | ||
| S3 | 9.74 | -3.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.80 | 6.82 % | |
| R2 | 10.15 | 0.396 % | ||
| R1 | 10.14 | 0.297 % | ||
| Current price | 10.11 | |||
| Support | S1 | 10.10 | -0.0989% | |
| S2 | 9.97 | -1.38% | ||
| S3 | 9.84 | -2.67% |
000096 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | ¥0.0300 | 0.372% |
| 2 | Aug 19, 2022 | Aug 19, 2022 | Aug 19, 2022 | ¥0.700 | 7.74% |
| 3 | Jun 18, 2021 | Jun 18, 2021 | Jun 18, 2021 | ¥0.0200 | 0.202% |
| 4 | Jun 12, 2020 | Jun 12, 2020 | Jun 12, 2020 | ¥0.0200 | 0.172% |
| 5 | Jun 18, 2019 | Jun 18, 2019 | Jun 18, 2019 | ¥0.0200 | 0.212% |
FAQ
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