Guangdong Shunna Electric Co., Ltd Stock Forecast
Guangdong Shunna Electric Co., Ltd stock price up 3.14% on Wednesday
(Updated on Jun 26, 2024)
The Guangdong Shunna Electric Co., Ltd stock price gained 3.14% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥3.18 to ¥3.28. During the last trading day the stock fluctuated 5.43% from a day low at ¥3.13 to a day high of ¥3.30. The price has been going up and down for this period, and there has been a -0.91% loss for the last 2 weeks. Volume fell on the last day by -6 million shares and in total, 8 million shares were bought and sold for approximately ¥25.84 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 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 -11.87% during the next 3 months and, with a 90% probability hold a price between ¥2.72 and ¥3.36 at the end of this 3-month period.
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000533.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 5.81%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Guangdong Shunna Electric 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 ¥3.28 and ¥3.63. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Guangdong Shunna Electric Co., Ltd stock
Guangdong Shunna Electric Co., Ltd finds support from accumulated volume at ¥3.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.170 between high and low, or 5.43%. For the last week, the stock has had daily average volatility of 5.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000533.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Guangdong Shunna Electric Co., Ltd to open at ¥3.24, and during the day (based on 14 day Average True Range), to move between ¥3.07 and ¥3.49, which gives a possible trading interval of +/-¥0.210 (+/-6.39%) up or down from last closing price. If Guangdong Shunna Electric Co., Ltd takes out the full calculated possible swing range there will be an estimated 12.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥3.31 (0.91%) than the support at ¥3.23 (1.52%), 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 Guangdong Shunna Electric Co., Ltd stock A Buy?
Guangdong Shunna Electric 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: -1.312 Sell Candidate Unchanged
Predicted Opening Price for Guangdong Shunna Electric Co., Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥3.24 ( 1.32%) | ¥3.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000533.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.41 | 3.86% |
| R2 | 3.34 | 1.88% |
| R1 | 3.30 | 0.659% |
| Price | 3.28 | |
| S1 | 3.17 | -3.30% |
| S2 | 3.13 | -4.52% |
| S3 | 3.07 | -6.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.08 | 24.39% |
| R2 | 3.79 | 15.55% |
| R1 | 3.31 | 0.91% |
| Price | 3.28 | |
| S1 | 3.23 | -1.52% |
| S2 | 3.18 | -3.05% |
| S3 | 3.10 | -5.49% |
000533 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 05, 2018 | Jul 05, 2018 | Jul 05, 2018 | ¥0.0150 | 0.434% |
| 2 | Jul 07, 2017 | Jul 07, 2017 | Jul 07, 2017 | ¥0.0500 | 0.446% |
| 3 | Jul 03, 2015 | Jul 03, 2015 | Jul 03, 2015 | ¥0.0500 | 0.474% |
| 4 | Jul 04, 2014 | Jul 04, 2014 | Jul 04, 2014 | ¥0.100 | 2.51% |
| 5 | Dec 05, 2012 | Dec 05, 2012 | Dec 05, 2012 | ¥0.0450 | 1.23% |
FAQ
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