Wuhu Conch Profiles and Science Co., Ltd Stock Forecast
Green day on Friday for Wuhu Conch Profiles and Science Co., Ltd stock after gaining 1.51%
(Updated on Apr 26, 2024)
The Wuhu Conch Profiles and Science Co., Ltd stock price gained 1.51% on the last trading day (Friday, 26th Apr 2024), rising from ¥4.64 to ¥4.71. It has now gained 4 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 4.41% from a day low at ¥4.54 to a day high of ¥4.74. The price has been going up and down for this period, and there has been a -9.07% loss 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, 3 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately ¥33.22 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Wuhu Conch Profiles and Science Co., Ltd stock with a 90% probability to be traded between ¥4.07 and ¥5.44 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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000619.SZ Signals & Forecast
There are mixed signals in the stock today. The Wuhu Conch Profiles and Science Co., Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥5.06. On a fall, the stock will find some support from the short-term average at ¥4.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -14.05%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Wuhu Conch Profiles and Science Co., Ltd stock
Wuhu Conch Profiles and Science Co., Ltd finds support from accumulated volume at ¥4.62 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 ¥0.200 between high and low, or 4.41%. For the last week, the stock has had daily average volatility of 3.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000619.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Wuhu Conch Profiles and Science Co., Ltd to open at ¥4.66, and during the day (based on 14 day Average True Range), to move between ¥4.40 and ¥5.02, which gives a possible trading interval of +/-¥0.314 (+/-6.66%) up or down from last closing price. If Wuhu Conch Profiles and Science Co., Ltd takes out the full calculated possible swing range there will be an estimated 13.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥4.79 (1.70%) than the support at ¥4.62 (1.91%), 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 Wuhu Conch Profiles and Science Co., Ltd stock A Buy?
Wuhu Conch Profiles and Science 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: -2.992 Sell Candidate Unchanged
Predicted Opening Price for Wuhu Conch Profiles and Science Co., Ltd of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
¥4.66 ( 0.99%) | ¥4.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000619.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.86 | 3.26 % | |
R2 | 4.79 | 1.63 % | ||
R1 | 4.74 | 0.631 % | ||
Current price: | 4.71 | |||
Support | S1 | 4.59 | -2.61 % | |
S2 | 4.54 | -3.62 % | ||
S3 | 4.46 | -5.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.36 | 13.80 % | |
R2 | 4.94 | 4.88 % | ||
R1 | 4.79 | 1.70 % | ||
Current price | 4.71 | |||
Support | S1 | 4.62 | -1.91% | |
S2 | 4.44 | -5.73% | ||
S3 | 4.35 | -7.64% |
000619 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | ¥0.0500 | 0.96% |
2 | Jun 17, 2020 | Jun 17, 2020 | Jun 17, 2020 | ¥0.0300 | 0.616% |
3 | Jun 20, 2017 | Jun 20, 2017 | Jun 20, 2017 | ¥0.100 | 1.06% |
4 | Jun 17, 2016 | Jun 17, 2016 | Jun 17, 2016 | ¥0.100 | 0.87% |
5 | Jun 15, 2015 | Jun 15, 2015 | Jun 15, 2015 | ¥0.100 | 0.452% |
FAQ
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