Kinghand Industrial Investment Grp Co Ld Stock Forecast
Big movements in Kinghand Industrial Investment Grp Co Ld stock price on Tuesday moving 10.17% between high and low
(Updated on Apr 30, 2024)
The Kinghand Industrial Investment Grp Co Ld stock price gained 4.84% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥2.48 to ¥2.60. It has now gained 5 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 10.17% from a day low at ¥2.36 to a day high of ¥2.60. The price has been going up and down for this period, and there has been a 4% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately ¥7.42 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 -20.27% during the next 3 months and, with a 90% probability hold a price between ¥1.58 and ¥2.29 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
000615.SZ Signals & Forecast
The Kinghand Industrial Investment Grp Co Ld 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 ¥2.29 and ¥2.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 27.45%. 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 Kinghand Industrial Investment Grp Co Ld stock
Kinghand Industrial Investment Grp Co Ld finds support from accumulated volume at ¥2.51 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 ¥0.240 between high and low, or 10.17%. For the last week, the stock has had daily average volatility of 12.90%.
Our recommended stop-loss: ¥2.50 (-3.90%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (000615.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Kinghand Industrial Investment Grp Co Ld to open at ¥2.52, and during the day (based on 14 day Average True Range), to move between ¥2.36 and ¥2.84, which gives a possible trading interval of +/-¥0.238 (+/-9.14%) up or down from last closing price. If Kinghand Industrial Investment Grp Co Ld takes out the full calculated possible swing range there will be an estimated 18.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥2.51 (3.46%) than the resistance at ¥2.78 (6.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kinghand Industrial Investment Grp Co Ld stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.966 Buy Candidate Upgraded
Predicted Opening Price for Kinghand Industrial Investment Grp Co Ld of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥2.52 ( 3.08%) | ¥2.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000615.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.76 | 6.15 % | |
| R2 | 2.67 | 2.63 % | ||
| R1 | 2.61 | 0.449 % | ||
| Current price: | 2.60 | |||
| Support | S1 | 2.43 | -6.60 % | |
| S2 | 2.37 | -8.78 % | ||
| S3 | 2.28 | -12.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.82 | 8.46 % | |
| R2 | 2.80 | 7.69 % | ||
| R1 | 2.78 | 6.92 % | ||
| Current price | 2.60 | |||
| Support | S1 | 2.51 | -3.46% | |
| S2 | 2.42 | -6.92% | ||
| S3 | 2.39 | -8.08% |
000615 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2018 | Jun 11, 2018 | Jun 11, 2018 | ¥0.0501 | 0.727% |
| 2 | May 26, 2017 | May 26, 2017 | May 26, 2017 | ¥0.0400 | 0.251% |
| 3 | Jul 05, 2016 | Jul 05, 2016 | Jul 05, 2016 | ¥0.0500 | 0.541% |
| 4 | Jun 17, 2003 | Jun 17, 2003 | Jun 17, 2003 | ¥0.0139 | 0.600% |
| 5 | Jun 25, 2001 | Jun 25, 2001 | Jun 25, 2001 | ¥0.0222 | 0.568% |
FAQ
Click here for our free guide on how to buy Kinghand Industrial Investment Grp Co Ld Stock.
