Ccoop Group Co., Ltd Stock Forecast
Green day on Friday for Ccoop Group Co., Ltd stock after gaining 1.17%
(Updated on Jun 28, 2024)
The Ccoop Group Co., Ltd stock price gained 1.17% on the last trading day (Friday, 28th Jun 2024), rising from ¥1.71 to ¥1.73. During the last trading day the stock fluctuated 5.29% from a day low at ¥1.70 to a day high of ¥1.79. The price has fallen in 6 of the last 10 days and is down by -8.95% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 million more shares were traded than the day before. In total, 141 million shares were bought and sold for approximately ¥244.57 million.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ¥1.71 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Ccoop Group Co., Ltd stock with a 90% probability to be traded between ¥1.73 and ¥2.20 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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000564.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.17%. 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. The Ccoop Group 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 ¥1.75 and ¥1.92. 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).
A sell signal from a double top formation was found on Wednesday, June 05, 2024 and based on theory for this formation the price should fall by -4.05% to ¥1.66 within 4 trading days since signal was issued (Wednesday, June 12, 2024).
Support, Risk & Stop-loss for Ccoop Group Co., Ltd stock
Ccoop Group Co., Ltd finds support from accumulated volume at ¥1.72 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 ¥0.0900 between high and low, or 5.29%. For the last week, the stock has had daily average volatility of 5.75%.
Ccoop Group Co., Ltd is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000564.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ccoop Group Co., Ltd to open at ¥1.74, and during the day (based on 14 day Average True Range), to move between ¥1.61 and ¥1.85, which gives a possible trading interval of +/-¥0.123 (+/-7.10%) up or down from last closing price. If Ccoop Group Co., Ltd takes out the full calculated possible swing range there will be an estimated 14.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥1.72 (0.58%) than the resistance at ¥2.00 (15.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ccoop Group Co., Ltd stock A Buy?
Ccoop Group Co., Ltd holds several negative signals and is within a very 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: -1.217 Sell Candidate Unchanged
Predicted Opening Price for Ccoop Group Co., Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥1.74 ( 0.578%) | ¥1.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000564.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.83 | 5.78% |
| R2 | 1.80 | 3.79% |
| R1 | 1.77 | 2.57% |
| Price | 1.73 | |
| S1 | 1.71 | -1.41% |
| S2 | 1.68 | -2.64% |
| S3 | 1.65 | -4.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.16 | 24.86% |
| R2 | 2.03 | 17.34% |
| R1 | 2.00 | 15.61% |
| Price | 1.73 | |
| S1 | 1.72 | -0.578% |
| S2 | 1.71 | -1.16% |
| S3 | 0 | - |
000564 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 13, 2018 | Jul 13, 2018 | Jul 13, 2018 | ¥0.0100 | 0.209% |
| 2 | Jul 17, 2017 | Jul 17, 2017 | Jul 17, 2017 | ¥0.0220 | 0.327% |
| 3 | Jun 15, 2015 | Jun 15, 2015 | Jun 15, 2015 | ¥0.0300 | 0.505% |
| 4 | Jul 18, 2014 | Jul 18, 2014 | Jul 18, 2014 | ¥0.0300 | 0.656% |
| 5 | Jul 08, 2013 | Jul 08, 2013 | Jul 08, 2013 | ¥0.0500 | 1.30% |
FAQ
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