CHTC Helon Co., Ltd. Stock Forecast
Red day on Thursday for CHTC Helon Co., Ltd.
(Updated on Jun 27, 2024)
The CHTC Helon Co., Ltd. stock price fell by -4.12% on the last day (Thursday, 27th Jun 2024) from ¥2.91 to ¥2.79. During the last trading day the stock fluctuated 4.66% from a day low at ¥2.79 to a day high of ¥2.92. The price has been going up and down for this period, and there has been a 5.68% gain for the last 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 -8 million shares and in total, 31 million shares were bought and sold for approximately ¥87.01 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 -6.60% during the next 3 months and, with a 90% probability hold a price between ¥2.07 and ¥3.00 at the end of this 3-month period.
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000677.SZ Signals & Forecast
The CHTC Helon Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥2.95. On a fall, the stock will find some support from the long-term average at approximately ¥2.77. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, June 21, 2024, and so far it has fallen -9.71%. 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 CHTC Helon Co., Ltd. stock
CHTC Helon Co., Ltd. finds support from accumulated volume at ¥2.72 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 ¥0.130 between high and low, or 4.66%. For the last week, the stock has had daily average volatility of 7.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000677.SZ) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect CHTC Helon Co., Ltd. to open at ¥2.83, and during the day (based on 14 day Average True Range), to move between ¥2.50 and ¥3.08, which gives a possible trading interval of +/-¥0.293 (+/-10.50%) 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 21.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥2.72 (2.51%) than the resistance at ¥2.90 (3.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CHTC Helon Co., Ltd. stock A Buy?
CHTC Helon 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: -1.604 Sell Candidate Unchanged
Predicted Opening Price for CHTC Helon Co., Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ¥2.83 ( 1.55%) | ¥2.79 |
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 | 2.96 | 6.21% |
| R2 | 2.91 | 4.43% |
| R1 | 2.88 | 3.33% |
| Price | 2.79 | |
| S1 | 2.78 | -0.227% |
| S2 | 2.75 | -1.33% |
| S3 | 2.70 | -3.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.43 | 22.94% |
| R2 | 3.05 | 9.32% |
| R1 | 2.90 | 3.94% |
| Price | 2.79 | |
| S1 | 2.72 | -2.51% |
| S2 | 2.71 | -2.87% |
| S3 | 2.67 | -4.30% |
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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