Hubei Shuanghuan Science &Tech. Stock Co Stock Forecast
Hubei Shuanghuan Science &Tech. Stock Co stock price ended at ¥7.45 on Friday, after gaining 2.48%.
(Updated on Apr 19, 2024)
The Hubei Shuanghuan Science &Tech. Stock Co stock price gained 2.48% on the last trading day (Friday, 19th Apr 2024), rising from ¥7.27 to ¥7.45. It has now gained 3 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 4.84% from a day low at ¥7.23 to a day high of ¥7.58. The price has risen in 6 of the last 10 days and is up by 0.81% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 390 thousand more shares were traded than the day before. In total, 23 million shares were bought and sold for approximately ¥174.57 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.93% during the next 3 months and, with a 90% probability hold a price between ¥6.61 and ¥8.49 at the end of this 3-month period.
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000707.SZ Signals & Forecast
Mostly positive signals in the chart today. The Hubei Shuanghuan Science &Tech. Stock 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 ¥7.17 and ¥7.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 29.34%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hubei Shuanghuan Science &Tech. Stock Co stock
Hubei Shuanghuan Science &Tech. Stock Co finds support from accumulated volume at ¥7.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ¥0.350 between high and low, or 4.84%. For the last week, the stock has had daily average volatility of 6.55%.
Our recommended stop-loss: ¥7.17 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (000707.SZ) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Hubei Shuanghuan Science &Tech. Stock Co to open at ¥7.42, and during the day (based on 14 day Average True Range), to move between ¥7.12 and ¥7.78, which gives a possible trading interval of +/-¥0.333 (+/-4.47%) up or down from last closing price. If Hubei Shuanghuan Science &Tech. Stock Co takes out the full calculated possible swing range there will be an estimated 8.94% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥7.43, some ¥0.0200 (0.27%) from the current price of ¥7.45, our system finds the risk reward attractive.
Is Hubei Shuanghuan Science &Tech. Stock Co stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hubei Shuanghuan Science &Tech. Stock Co stock to perform well in the short-term.
Current score: 3.679 Buy Candidate Unchanged
Predicted Opening Price for Hubei Shuanghuan Science &Tech. Stock Co of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| ¥7.42 ( 0.403%) | ¥7.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000707.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.77 | 4.30 % | |
| R2 | 7.64 | 2.50 % | ||
| R1 | 7.55 | 1.39 % | ||
| Current price: | 7.45 | |||
| Support | S1 | 7.29 | -2.20 % | |
| S2 | 7.20 | -3.31 % | ||
| S3 | 7.07 | -5.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 7.45 | |||
| Support | S1 | 7.43 | -0.268% | |
| S2 | 7.27 | -2.42% | ||
| S3 | 7.14 | -4.16% |
000707 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 04, 2016 | Aug 04, 2016 | Aug 04, 2016 | ¥0.0100 | 0.146% |
| 2 | Jun 19, 2015 | Jun 19, 2015 | Jun 19, 2015 | ¥0.0100 | 0.0861% |
| 3 | Aug 20, 2013 | Aug 20, 2013 | Aug 20, 2013 | ¥0.0100 | 0.248% |
| 4 | Aug 21, 2012 | Aug 21, 2012 | Aug 21, 2012 | ¥0.100 | 1.58% |
| 5 | Jun 24, 2011 | Jun 24, 2011 | Jun 24, 2011 | ¥0.0500 | 0.459% |
FAQ
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