Central china land media CO.,LTD Stock Forecast
Red day on Tuesday for Central china land media CO.,LTD
(Updated on Jun 18, 2024)
The Central china land media CO.,LTD stock price fell by -0.87% on the last day (Tuesday, 18th Jun 2024) from ¥11.48 to ¥11.38. During the last trading day the stock fluctuated 4.32% from a day low at ¥11.10 to a day high of ¥11.58. The price has fallen in 6 of the last 10 days but is still up by 8.17% 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 -5 million shares and in total, 15 million shares were bought and sold for approximately ¥170.97 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 -16.89% during the next 3 months and, with a 90% probability hold a price between ¥8.08 and ¥10.10 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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000719.SZ Signals & Forecast
The Central china land media 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 ¥11.14 and ¥10.52. 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 Friday, June 14, 2024, and so far it has fallen -1.22%. 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 Central china land media CO.,LTD stock
Central china land media CO.,LTD finds support from accumulated volume at ¥11.30 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 ¥0.480 between high and low, or 4.32%. For the last week, the stock has had daily average volatility of 10.71%.
Our recommended stop-loss: ¥10.93 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (000719.SZ) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Central china land media CO.,LTD to open at ¥11.35, and during the day (based on 14 day Average True Range), to move between ¥10.71 and ¥12.05, which gives a possible trading interval of +/-¥0.671 (+/-5.90%) up or down from last closing price. If Central china land media CO.,LTD takes out the full calculated possible swing range there will be an estimated 11.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥11.30 (0.70%) than the resistance at ¥12.87 (13.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Central china land media 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.
Current score: 1.830 Buy Candidate Unchanged
Predicted Opening Price for Central china land media CO.,LTD of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| ¥11.35 ( 0.234%) | ¥11.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000719.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.83 | 3.98% |
| R2 | 11.65 | 2.37% |
| R1 | 11.54 | 1.38% |
| Price | 11.38 | |
| S1 | 11.17 | -1.85% |
| S2 | 11.06 | -2.84% |
| S3 | 10.87 | -4.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.50 | 18.63% |
| R2 | 13.17 | 15.73% |
| R1 | 12.87 | 13.09% |
| Price | 11.38 | |
| S1 | 11.30 | -0.703% |
| S2 | 11.16 | -1.93% |
| S3 | 10.27 | -9.75% |
000719 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 10, 2023 | Jul 10, 2023 | Jul 10, 2023 | ¥0.380 | 3.59% |
| 2 | Jul 11, 2022 | Jul 11, 2022 | Jul 11, 2022 | ¥0.330 | 4.76% |
| 3 | Jul 01, 2021 | Jul 01, 2021 | Jul 01, 2021 | ¥0.310 | 4.74% |
| 4 | Jul 13, 2020 | Jul 13, 2020 | Jul 13, 2020 | ¥0.280 | 3.67% |
| 5 | May 06, 2019 | May 06, 2019 | May 06, 2019 | ¥0.250 | 3.39% |
FAQ
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