Dong-E-E-Jiao Co Ltd Stock Forecast
Green day on Tuesday for Dong-E-E-Jiao Co Ltd stock after gaining 3.73%
(Updated on Jun 18, 2024)
The Dong-E-E-Jiao Co Ltd stock price gained 3.73% on the last trading day (Tuesday, 18th Jun 2024), rising from ¥66.27 to ¥68.74. During the last trading day the stock fluctuated 5.33% from a day low at ¥65.51 to a day high of ¥69.00. The price has been going up and down for this period, and there has been a 1.64% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 139 thousand more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately ¥448.95 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.55% during the next 3 months and, with a 90% probability hold a price between ¥73.87 and ¥84.14 at the end of this 3-month period.
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000423.SZ Signals & Forecast
There are mixed signals in the stock today. The Dong-E-E-Jiao Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥68.97. On a fall, the stock will find some support from the short-term average at ¥67.68. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -3.98%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell 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 Dong-E-E-Jiao Co Ltd stock
Dong-E-E-Jiao Co Ltd finds support from accumulated volume at ¥67.63 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 ¥3.49 (5.33%) between high and low. For the last week, the stock has had daily average volatility of 5.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000423.SZ) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Dong-E-E-Jiao Co Ltd to open at ¥67.75, and during the day (based on 14 day Average True Range), to move between ¥66.12 and ¥71.36, which gives a possible trading interval of +/-¥2.62 (+/-3.81%) up or down from last closing price. If Dong-E-E-Jiao Co Ltd takes out the full calculated possible swing range there will be an estimated 7.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥69.19 (0.65%) than the support at ¥67.63 (1.61%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Dong-E-E-Jiao Co Ltd stock A Buy?
Dong-E-E-Jiao Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.301 Sell Candidate Unchanged
Predicted Opening Price for Dong-E-E-Jiao Co Ltd of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| ¥67.75 ( 1.44%) | ¥68.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000423.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 71.24 | 3.64% |
| R2 | 69.91 | 1.70% |
| R1 | 69.08 | 0.499% |
| Price | 68.74 | |
| S1 | 66.42 | -3.38% |
| S2 | 65.59 | -4.58% |
| S3 | 64.26 | -6.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 70.70 | 2.85% |
| R2 | 70.61 | 2.72% |
| R1 | 69.19 | 0.655% |
| Price | 68.74 | |
| S1 | 67.63 | -1.61% |
| S2 | 66.60 | -3.11% |
| S3 | 65.50 | -4.71% |
000423 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2024 | Jun 12, 2024 | Jun 12, 2024 | ¥1.78 | 2.62% |
| 2 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | ¥1.18 | 2.50% |
| 3 | Aug 23, 2022 | Aug 23, 2022 | Aug 23, 2022 | ¥0.660 | 1.88% |
| 4 | Aug 20, 2021 | Aug 20, 2021 | Aug 20, 2021 | ¥0.305 | 1.02% |
| 5 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | ¥0.203 | 0.614% |
FAQ
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