Vanfund Urban Investment and Dev Co Ltd Stock Forecast
Vanfund Urban Investment and Dev Co Ltd stock price ended at ¥4.30 on Wednesday, after gaining 4.88%.
(Updated on Apr 24, 2024)
The Vanfund Urban Investment and Dev Co Ltd stock price gained 4.88% on the last trading day (Wednesday, 24th Apr 2024), rising from ¥4.10 to ¥4.30. During the last trading day the stock fluctuated 4.88% from a day low at ¥4.10 to a day high of ¥4.30. The price has fallen in 6 of the last 10 days and is down by -19.63% for this period. Volume fell on the last day by -1 million shares and in total, 16 million shares were bought and sold for approximately ¥69.62 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 Vanfund Urban Investment and Dev Co Ltd stock with a 90% probability to be traded between ¥3.45 and ¥5.82 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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000638.SZ Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vanfund Urban Investment and Dev 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 ¥5.19. On a fall, the stock will find some support from the short-term average at ¥4.12. 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 -27.61%. 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).
Support, Risk & Stop-loss for Vanfund Urban Investment and Dev Co Ltd stock
Vanfund Urban Investment and Dev Co Ltd finds support from accumulated volume at ¥4.11 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 ¥0.200 between high and low, or 4.88%. For the last week, the stock has had daily average volatility of 16.46%.
Vanfund Urban Investment and Dev Co Ltd is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000638.SZ) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Vanfund Urban Investment and Dev Co Ltd to open at ¥4.23, and during the day (based on 14 day Average True Range), to move between ¥3.72 and ¥4.88, which gives a possible trading interval of +/-¥0.575 (+/-13.38%) up or down from last closing price. If Vanfund Urban Investment and Dev Co Ltd takes out the full calculated possible swing range there will be an estimated 26.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.11 (4.42%) than the resistance at ¥4.84 (12.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vanfund Urban Investment and Dev Co Ltd stock A Buy?
Vanfund Urban Investment and Dev Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.040 Strong Sell Candidate Unchanged
Predicted Opening Price for Vanfund Urban Investment and Dev Co Ltd of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| ¥4.23 ( 1.55%) | ¥4.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000638.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.43 | 3.10 % | |
| R2 | 4.36 | 1.32 % | ||
| R1 | 4.31 | 0.226 % | ||
| Current price: | 4.30 | |||
| Support | S1 | 4.16 | -3.33 % | |
| S2 | 4.11 | -4.42 % | ||
| S3 | 4.03 | -6.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.96 | 15.35 % | |
| R2 | 4.87 | 13.26 % | ||
| R1 | 4.84 | 12.56 % | ||
| Current price | 4.30 | |||
| Support | S1 | 4.11 | -4.42% | |
| S2 | 4.06 | -5.58% | ||
| S3 | 3.69 | -14.19% |
000638 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 11, 2008 | Nov 11, 2008 | Nov 11, 2008 | ¥0.275 | 19.68% |
| 2 | Apr 30, 1997 | Apr 30, 1997 | Apr 30, 1997 | ¥0.0626 | 0.86% |
FAQ
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