DongGuan Winnerway Industrial Zone Co Ld Stock Forecast
Big movements in DongGuan Winnerway Industrial Zone Co Ld stock price on Thursday moving 15.77% between high and low
(Updated on Apr 18, 2024)
The DongGuan Winnerway Industrial Zone Co Ld stock price fell by -0.81% on the last day (Thursday, 18th Apr 2024) from ¥2.48 to ¥2.46. During the last trading day the stock fluctuated 15.77% from a day low at ¥2.41 to a day high of ¥2.79. The price has fallen in 7 of the last 10 days and is down by -16.04% 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 -8 million shares and in total, 17 million shares were bought and sold for approximately ¥42.23 million.
The stock lies in the middle of a very 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 -7.39% during the next 3 months and, with a 90% probability hold a price between ¥1.81 and ¥2.68 at the end of this 3-month period.
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000573.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The DongGuan Winnerway Industrial Zone Co Ld 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 ¥2.61 and ¥2.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -16.04%. 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 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 DongGuan Winnerway Industrial Zone Co Ld stock
DongGuan Winnerway Industrial Zone Co Ld finds support from accumulated volume at ¥2.37 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 ¥0.380 between high and low, or 15.77%. For the last week, the stock has had daily average volatility of 14.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000573.SZ) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect DongGuan Winnerway Industrial Zone Co Ld to open at ¥2.55, and during the day (based on 14 day Average True Range), to move between ¥2.26 and ¥2.66, which gives a possible trading interval of +/-¥0.201 (+/-8.17%) up or down from last closing price. If DongGuan Winnerway Industrial Zone Co Ld takes out the full calculated possible swing range there will be an estimated 16.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥2.54 (3.25%) than the support at ¥2.37 (3.66%), 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 DongGuan Winnerway Industrial Zone Co Ld stock A Buy?
DongGuan Winnerway Industrial Zone Co Ld 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: -4.256 Sell Candidate Unchanged
Predicted Opening Price for DongGuan Winnerway Industrial Zone Co Ld of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| ¥2.55 ( 3.79%) | ¥2.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000573.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.93 | 19.24 % | |
| R2 | 2.79 | 13.34 % | ||
| R1 | 2.70 | 9.69 % | ||
| Current price: | 2.46 | |||
| Support | S1 | 2.41 | -2.11 % | |
| S2 | 2.32 | -5.75 % | ||
| S3 | 2.17 | -11.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.80 | 13.82 % | |
| R2 | 2.57 | 4.47 % | ||
| R1 | 2.54 | 3.25 % | ||
| Current price | 2.46 | |||
| Support | S1 | 2.37 | -3.66% | |
| S2 | 2.28 | -7.32% | ||
| S3 | 2.13 | -13.41% |
000573 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | ¥0.0800 | 2.42% |
| 2 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | ¥0.100 | 3.22% |
| 3 | Jun 08, 2021 | Jun 08, 2021 | Jun 08, 2021 | ¥0.0600 | 1.77% |
| 4 | Jun 09, 2020 | Jun 09, 2020 | Jun 09, 2020 | ¥0.100 | 3.88% |
| 5 | Jun 21, 2019 | Jun 21, 2019 | Jun 21, 2019 | ¥0.0600 | 1.79% |
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