Jiangsu Hagong Intelligent Robot Co.,Ltd Stock Forecast
Big movements in Jiangsu Hagong Intelligent Robot Co.,Ltd stock price on Friday moving 10.48% between high and low
(Updated on Jun 21, 2024)
The Jiangsu Hagong Intelligent Robot Co.,Ltd stock price fell by -5.13% on the last day (Friday, 21st Jun 2024) from ¥1.17 to ¥1.11. During the last trading day the stock fluctuated 10.48% from a day low at ¥1.05 to a day high of ¥1.16. The price has risen in 5 of the last 10 days and is up by 3.74% 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 -4 million shares and in total, 23 million shares were bought and sold for approximately ¥25.99 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥1.13 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -65.69% during the next 3 months and, with a 90% probability hold a price between ¥0.235 and ¥0.388 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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000584.SZ Signals & Forecast
There are mixed signals in the stock today. The Jiangsu Hagong Intelligent Robot 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 ¥1.14 and ¥1.53. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 12.12%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Jiangsu Hagong Intelligent Robot Co.,Ltd stock
Jiangsu Hagong Intelligent Robot Co.,Ltd finds support from accumulated volume at ¥1.07 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 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 ¥0.110 between high and low, or 10.48%. For the last week, the stock has had daily average volatility of 16.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000584.SZ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Jiangsu Hagong Intelligent Robot Co.,Ltd to open at ¥1.11, and during the day (based on 14 day Average True Range), to move between ¥0.94 and ¥1.28, which gives a possible trading interval of +/-¥0.170 (+/-15.34%) up or down from last closing price. If Jiangsu Hagong Intelligent Robot Co.,Ltd takes out the full calculated possible swing range there will be an estimated 30.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥1.07 (3.60%) than the resistance at ¥1.16 (4.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jiangsu Hagong Intelligent Robot Co.,Ltd stock A Buy?
Jiangsu Hagong Intelligent Robot Co.,Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.488 Sell Candidate Unchanged
Predicted Opening Price for Jiangsu Hagong Intelligent Robot Co.,Ltd of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ¥1.11 ( 0.300%) | ¥1.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000584.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.22 | 9.61% |
| R2 | 1.17 | 5.82% |
| R1 | 1.15 | 3.49% |
| Price | 1.11 | |
| S1 | 1.06 | -4.09% |
| S2 | 1.04 | -6.42% |
| S3 | 1.00 | -10.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.22 | 9.91% |
| R2 | 1.17 | 5.41% |
| R1 | 1.16 | 4.50% |
| Price | 1.11 | |
| S1 | 1.07 | -3.60% |
| S2 | 1.01 | -9.01% |
| S3 | 0.99 | -10.81% |
000584 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 30, 2020 | Jun 30, 2020 | Jun 30, 2020 | ¥0.0150 | 0.272% |
| 2 | May 29, 2019 | May 29, 2019 | May 29, 2019 | ¥0.0200 | 0.272% |
| 3 | Jun 13, 2018 | Jun 13, 2018 | Jun 13, 2018 | ¥0.0200 | 0.144% |
| 4 | Apr 23, 2014 | Apr 23, 2014 | Apr 23, 2014 | ¥0.533 | 8.28% |
| 5 | Aug 22, 2012 | Aug 22, 2012 | Aug 22, 2012 | ¥0.0667 | 1.69% |
FAQ
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