WEIFU HIGHTECH/Shs A Vtg 1.00 Stock Forecast
Red day on Tuesday for WEIFU HIGHTECH/Shs A Vtg 1.00
(Updated on May 14, 2024)
The WEIFU HIGHTECH/Shs A Vtg 1.00 stock price fell by -0.161% on the last day (Tuesday, 14th May 2024) from ¥18.63 to ¥18.60. During the last trading day the stock fluctuated 0.86% from a day low at ¥18.54 to a day high of ¥18.70. The price has fallen in 6 of the last 10 days but is still up by 0.16% over the past 2 weeks. 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 -5 million shares and in total, 7 million shares were bought and sold for approximately ¥123.09 million.
The stock lies in the middle of a strong 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 10.63% during the next 3 months and, with a 90% probability hold a price between ¥19.55 and ¥21.49 at the end of this 3-month period.
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000581.SZ Signals & Forecast
The WEIFU HIGHTECH/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 ¥18.58 and ¥17.87. A breakdown below any of these levels will issue sell signals. 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 Friday, April 19, 2024, and so far it has fallen -1.95%. 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 WEIFU HIGHTECH/Shs A Vtg 1.00 stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥17.32 and ¥17.27. 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, WEIFU HIGHTECH/Shs A Vtg 1.00 finds support just below today's level at ¥17.32. If this is broken, then the next support from accumulated volume will be at ¥17.27 and ¥17.02.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.160 (0.86%) between high and low. For the last week, the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: ¥17.79 (-4.35%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (000581.SZ) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect WEIFU HIGHTECH/Shs A Vtg 1.00 to open at ¥18.61, and during the day (based on 14 day Average True Range), to move between ¥18.07 and ¥19.13, which gives a possible trading interval of +/-¥0.529 (+/-2.85%) up or down from last closing price. If WEIFU HIGHTECH/Shs A Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥18.77 (0.91%) than the support at ¥17.32 (6.88%), 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.
Earnings coming up
WEIFU HIGHTECH/Shs A Vtg 1.00 will release earnings BMO on Friday, May 17, 2024. We will update the financials statements for WEIFU HIGHTECH/Shs A Vtg 1.00, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.34% in the first trading day after earnings release.
Is WEIFU HIGHTECH/Shs A Vtg 1.00 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 WEIFU HIGHTECH/Shs A Vtg 1.00 stock to perform well in the short-term.
Current score: 3.171 Buy Candidate Unchanged
Predicted Opening Price for WEIFU HIGHTECH/Shs A Vtg 1.00 of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| ¥18.61 ( 0.0717%) | ¥18.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000581.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.77 | 0.93 % | |
| R2 | 18.71 | 0.603 % | ||
| R1 | 18.67 | 0.400 % | ||
| Current price: | 18.60 | |||
| Support | S1 | 18.55 | -0.257 % | |
| S2 | 18.51 | -0.460 % | ||
| S3 | 18.45 | -0.789 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.97 | 1.99 % | |
| R2 | 18.80 | 1.08 % | ||
| R1 | 18.77 | 0.91 % | ||
| Current price | 18.60 | |||
| Support | S1 | 17.32 | -6.88% | |
| S2 | 17.27 | -7.15% | ||
| S3 | 17.02 | -8.49% |
000581 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | ¥0.100 | 0.635% |
| 2 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | ¥1.60 | 8.13% |
| 3 | Jun 09, 2021 | Jun 09, 2021 | Jun 09, 2021 | ¥1.50 | 6.66% |
| 4 | Jun 24, 2020 | Jun 24, 2020 | Jun 24, 2020 | ¥1.10 | 5.39% |
| 5 | Jun 26, 2019 | Jun 26, 2019 | Jun 26, 2019 | ¥1.20 | 6.41% |
FAQ
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