5I5j Holding Group Co Ltd Stock Forecast
High volatility in 5I5j Holding Group Co Ltd stock price on Tuesday which ended trading at ¥1.98
(Updated on Apr 30, 2024)
The 5I5j Holding Group Co Ltd stock price gained 4.21% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥1.90 to ¥1.98. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 30.63% from a day low at ¥1.60 to a day high of ¥2.09. The price has fallen in 5 of the last 10 days but is still up by 23.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 119 million more shares were traded than the day before. In total, 222 million shares were bought and sold for approximately ¥439.93 million.
The stock lies in the middle of a very wide and weak 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 9.16% during the next 3 months and, with a 90% probability hold a price between ¥1.73 and ¥2.55 at the end of this 3-month period.
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000560.SZ Signals & Forecast
The 5I5j Holding Group Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥1.71 and ¥1.95. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 26.11%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for 5I5j Holding Group Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥1.80 and ¥1.76. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, 5I5j Holding Group Co Ltd finds support just below today's level at ¥1.80. If this is broken, then the next support from accumulated volume will be at ¥1.76 and ¥1.73.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.490 between high and low, or 30.63%. For the last week, the stock has had daily average volatility of 14.63%.
Our recommended stop-loss: ¥1.90 (-4.00%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (000560.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect 5I5j Holding Group Co Ltd to open at ¥1.89, and during the day (based on 14 day Average True Range), to move between ¥1.77 and ¥2.19, which gives a possible trading interval of +/-¥0.213 (+/-10.77%) up or down from last closing price. If 5I5j Holding Group Co Ltd takes out the full calculated possible swing range there will be an estimated 21.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥2.06 (4.04%) than the support at ¥1.80 (9.09%), 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 5I5j Holding Group Co Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for 5I5j Holding Group Co Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.384 Buy Candidate Upgraded
Predicted Opening Price for 5I5j Holding Group Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥1.89 ( 4.55%) | ¥1.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000560.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.38 | 20.20 % | |
| R2 | 2.19 | 10.75 % | ||
| R1 | 2.08 | 4.91 % | ||
| Current price: | 1.98 | |||
| Support | S1 | 1.70 | -14.00 % | |
| S2 | 1.59 | -19.84 % | ||
| S3 | 1.40 | -29.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.26 | 14.14 % | |
| R2 | 2.11 | 6.57 % | ||
| R1 | 2.06 | 4.04 % | ||
| Current price | 1.98 | |||
| Support | S1 | 1.80 | -9.09% | |
| S2 | 1.76 | -11.11% | ||
| S3 | 1.73 | -12.63% |
000560 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 07, 2022 | Jul 07, 2022 | Jul 07, 2022 | ¥0.0080 | 0.291% |
| 2 | Jun 25, 2021 | Jun 25, 2021 | Jun 25, 2021 | ¥0.0130 | 0.275% |
| 3 | Aug 07, 2020 | Aug 07, 2020 | Aug 07, 2020 | ¥0.0700 | 1.35% |
| 4 | Jun 19, 2019 | Jun 19, 2019 | Jun 19, 2019 | ¥0.0700 | 1.49% |
| 5 | Jun 27, 2018 | Jun 27, 2018 | Jun 27, 2018 | ¥0.0077 | 0.143% |
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