CHTC Helon Co., Ltd. Stock Forecast
Big movements in CHTC Helon Co., Ltd. stock price on Friday moving 10.42% between high and low
(Updated on Jun 21, 2024)
The CHTC Helon Co., Ltd. stock price gained 2.32% on the last trading day (Friday, 21st Jun 2024), rising from ¥3.02 to ¥3.09. During the last trading day the stock fluctuated 10.42% from a day low at ¥2.88 to a day high of ¥3.18. The price has risen in 7 of the last 10 days and is up by 27.69% over the past 2 weeks. Volume fell on the last day by -27 million shares and in total, 70 million shares were bought and sold for approximately ¥215.31 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 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 ¥3.14 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 -9.55% during the next 3 months and, with a 90% probability hold a price between ¥1.95 and ¥2.84 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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000677.SZ Signals & Forecast
Mostly positive signals in the chart today. The CHTC Helon Co., Ltd. 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 ¥2.88 and ¥2.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 33.19%. 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). 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.
Support, Risk & Stop-loss for CHTC Helon Co., Ltd. stock
CHTC Helon Co., Ltd. finds support from accumulated volume at ¥3.05 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 ¥0.300 between high and low, or 10.42%. For the last week, the stock has had daily average volatility of 18.32%.
Our recommended stop-loss: ¥2.99 (-3.25%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (000677.SZ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect CHTC Helon Co., Ltd. to open at ¥3.05, and during the day (based on 14 day Average True Range), to move between ¥2.76 and ¥3.42, which gives a possible trading interval of +/-¥0.332 (+/-10.74%) up or down from last closing price. If CHTC Helon Co., Ltd. takes out the full calculated possible swing range there will be an estimated 21.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥3.13 (1.29%) than the support at ¥3.05 (1.29%), 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 CHTC Helon Co., Ltd. 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 Hold/Accumulate to a Buy candidate.
Current score: 2.897 Buy Candidate Upgraded
Predicted Opening Price for CHTC Helon Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ¥3.05 ( 1.29%) | ¥3.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000677.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.35 | 8.41% |
| R2 | 3.24 | 4.71% |
| R1 | 3.16 | 2.41% |
| Price | 3.09 | |
| S1 | 2.94 | -5.00% |
| S2 | 2.86 | -7.29% |
| S3 | 2.75 | -11.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.43 | 11.00% |
| R2 | 3.16 | 2.27% |
| R1 | 3.13 | 1.29% |
| Price | 3.09 | |
| S1 | 3.05 | -1.29% |
| S2 | 3.02 | -2.27% |
| S3 | 2.90 | -6.15% |
000677 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 21, 2008 | Apr 21, 2008 | Apr 21, 2008 | ¥0.0200 | 0.262% |
| 2 | Aug 16, 2007 | Aug 16, 2007 | Aug 16, 2007 | ¥0.0150 | 0.264% |
| 3 | Aug 17, 2005 | Aug 17, 2005 | Aug 17, 2005 | ¥0.0150 | 0.80% |
| 4 | Dec 30, 2004 | Dec 30, 2004 | Dec 30, 2004 | ¥0.0125 | 0.588% |
| 5 | Jul 29, 2004 | Jul 29, 2004 | Jul 29, 2004 | ¥0.0075 | 0.281% |
FAQ
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