SANONDA/Shs A Vtg 1.00 Stock Forecast
Evaluation of SANONDA/Shs A Vtg 1.00 stock downgraded after the last trading session.
(Updated on May 21, 2024)
The SANONDA/Shs A Vtg 1.00 stock price fell by -0.618% on the last day (Tuesday, 21st May 2024) from ¥6.47 to ¥6.43. During the last trading day the stock fluctuated 2.20% from a day low at ¥6.35 to a day high of ¥6.49. The price has fallen in 6 of the last 10 days and is down by -2.28% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -635 thousand shares and in total, 6 million shares were bought and sold for approximately ¥35.73 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ¥6.59 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SANONDA/Shs A Vtg 1.00 stock with a 90% probability to be traded between ¥5.69 and ¥6.59 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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000553.SZ Signals & Forecast
The SANONDA/Shs A Vtg 1.00 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 ¥6.39 and ¥6.19. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -2.43%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for SANONDA/Shs A Vtg 1.00 stock
SANONDA/Shs A Vtg 1.00 finds support from accumulated volume at ¥6.41 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 ¥0.140 between high and low, or 2.20%. For the last week, the stock has had daily average volatility of 3.36%.
Our recommended stop-loss: ¥6.19 (-3.77%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (000553.SZ) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect SANONDA/Shs A Vtg 1.00 to open at ¥6.42, and during the day (based on 14 day Average True Range), to move between ¥6.18 and ¥6.68, which gives a possible trading interval of +/-¥0.253 (+/-3.94%) up or down from last closing price. If SANONDA/Shs A Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 7.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.41 (0.31%) than the resistance at ¥6.47 (0.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SANONDA/Shs A Vtg 1.00 stock A Buy?
SANONDA/Shs A Vtg 1.00 holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: 0.797 Hold/Accumulate Downgraded
Predicted Opening Price for SANONDA/Shs A Vtg 1.00 of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| ¥6.42 ( 0.104%) | ¥6.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000553.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.56 | 2.07 % | |
| R2 | 6.51 | 1.24 % | ||
| R1 | 6.48 | 0.728 % | ||
| Current price: | 6.43 | |||
| Support | S1 | 6.37 | -0.94 % | |
| S2 | 6.34 | -1.45 % | ||
| S3 | 6.28 | -2.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.59 | 2.49 % | |
| R2 | 6.53 | 1.56 % | ||
| R1 | 6.47 | 0.622 % | ||
| Current price | 6.43 | |||
| Support | S1 | 6.41 | -0.311% | |
| S2 | 6.21 | -3.42% | ||
| S3 | 5.91 | -8.09% |
000553 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | ¥0.0270 | 0.320% |
| 2 | Jun 07, 2022 | Jun 07, 2022 | Jun 07, 2022 | ¥0.0080 | 0.0649% |
| 3 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | ¥0.0160 | 0.170% |
| 4 | Jun 30, 2020 | Jun 30, 2020 | Jun 30, 2020 | ¥0.0120 | 0.133% |
| 5 | Jul 24, 2019 | Jul 24, 2019 | Jul 24, 2019 | ¥0.0970 | 0.97% |
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