Guangdong Fenghua Adv. Tech. (Hldg) Co Stock Forecast
Guangdong Fenghua Adv. Tech. (Hldg) Co stock price down 1.04% on Wednesday
(Updated on May 08, 2024)
The Guangdong Fenghua Adv. Tech. (Hldg) Co stock price fell by -1.04% on the last day (Wednesday, 8th May 2024) from ¥12.48 to ¥12.35. During the last trading day the stock fluctuated 1.87% from a day low at ¥12.32 to a day high of ¥12.55. The price has risen in 7 of the last 10 days and is up by 8.24% 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 -3 million shares and in total, 8 million shares were bought and sold for approximately ¥100.95 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ¥12.55 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Guangdong Fenghua Adv. Tech. (Hldg) Co stock with a 90% probability to be traded between ¥11.11 and ¥12.48 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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000636.SZ Signals & Forecast
The Guangdong Fenghua Adv. Tech. (Hldg) Co 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 ¥12.32 and ¥12.01. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, May 06, 2024, and so far it has fallen -1.59%. Further fall is indicated until a new bottom pivot has been found. 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 Guangdong Fenghua Adv. Tech. (Hldg) Co stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥11.71 and ¥11.70. 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, Guangdong Fenghua Adv. Tech. (Hldg) Co finds support just below today's level at ¥11.71. If this is broken, then the next support from accumulated volume will be at ¥11.70 and ¥11.55.
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 ¥0.230 between high and low, or 1.87%. For the last week, the stock has had daily average volatility of 3.55%.
The Guangdong Fenghua Adv. Tech. (Hldg) Co stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ¥11.84 (-4.09%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 74 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (000636.SZ) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Guangdong Fenghua Adv. Tech. (Hldg) Co to open at ¥12.41, and during the day (based on 14 day Average True Range), to move between ¥11.79 and ¥12.91, which gives a possible trading interval of +/-¥0.562 (+/-4.55%) up or down from last closing price. If Guangdong Fenghua Adv. Tech. (Hldg) Co takes out the full calculated possible swing range there will be an estimated 9.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥12.49 (1.13%) than the support at ¥11.71 (5.18%), 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
Guangdong Fenghua Adv. Tech. (Hldg) Co will release earnings BMO on Thursday, May 16, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0800. We will update the financials statements for Guangdong Fenghua Adv. Tech. (Hldg) Co, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.99% in the first trading day after earnings release.
Is Guangdong Fenghua Adv. Tech. (Hldg) Co stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Guangdong Fenghua Adv. Tech. (Hldg) Co stock to perform well in the short-term period.
Current score: 1.397 Buy Candidate Unchanged
Predicted Opening Price for Guangdong Fenghua Adv. Tech. (Hldg) Co of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ¥12.41 ( 0.459%) | ¥12.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000636.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.64 | 2.32 % | |
| R2 | 12.55 | 1.61 % | ||
| R1 | 12.49 | 1.17 % | ||
| Current price: | 12.35 | |||
| Support | S1 | 12.32 | -0.253 % | |
| S2 | 12.26 | -0.692 % | ||
| S3 | 12.18 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.70 | 2.83 % | |
| R2 | 12.67 | 2.59 % | ||
| R1 | 12.49 | 1.13 % | ||
| Current price | 12.35 | |||
| Support | S1 | 11.71 | -5.18% | |
| S2 | 11.70 | -5.26% | ||
| S3 | 11.55 | -6.48% |
000636 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | ¥0.100 | 0.641% |
| 2 | Nov 18, 2022 | Nov 18, 2022 | Nov 18, 2022 | ¥0.114 | 0.704% |
| 3 | Jul 20, 2022 | Jul 20, 2022 | Jul 20, 2022 | ¥0.116 | 0.663% |
| 4 | Jun 25, 2021 | Jun 25, 2021 | Jun 25, 2021 | ¥0.0500 | 0.174% |
| 5 | May 21, 2019 | May 21, 2019 | May 21, 2019 | ¥0.300 | 2.28% |
FAQ
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