Nanjing Huadong Elect.Info & Tech Co Ltd Stock Forecast
Stronger technical forecast for Nanjing Huadong Elect.Info & Tech Co Ltd stock price after Friday trading.
(Updated on May 17, 2024)
The Nanjing Huadong Elect.Info & Tech Co Ltd stock price gained 2.28% on the last trading day (Friday, 17th May 2024), rising from ¥2.19 to ¥2.24. During the last trading day the stock fluctuated 5.50% from a day low at ¥2.18 to a day high of ¥2.30. The price has fallen in 7 of the last 10 days and is down by -5.88% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 million more shares were traded than the day before. In total, 56 million shares were bought and sold for approximately ¥125.53 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥2.19 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.33% during the next 3 months and, with a 90% probability hold a price between ¥1.96 and ¥2.22 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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000727.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 2.28%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nanjing Huadong Elect.Info & Tech 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 ¥2.39. On a fall, the stock will find some support from the short-term average at ¥2.23. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Nanjing Huadong Elect.Info & Tech Co Ltd stock
Nanjing Huadong Elect.Info & Tech Co Ltd finds support from accumulated volume at ¥2.21 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 ¥0.120 between high and low, or 5.50%. For the last week, the stock has had daily average volatility of 5.12%.
Our recommended stop-loss: ¥2.12 (-5.37%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (000727.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Nanjing Huadong Elect.Info & Tech Co Ltd to open at ¥2.24, and during the day (based on 14 day Average True Range), to move between ¥2.12 and ¥2.36, which gives a possible trading interval of +/-¥0.120 (+/-5.38%) up or down from last closing price. If Nanjing Huadong Elect.Info & Tech Co Ltd takes out the full calculated possible swing range there will be an estimated 10.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥2.21 (1.34%) than the resistance at ¥2.40 (7.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Nanjing Huadong Elect.Info & Tech Co Ltd will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for Nanjing Huadong Elect.Info & Tech Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.52% in the first trading day after earnings release.
Is Nanjing Huadong Elect.Info & Tech Co Ltd stock A Buy?
Nanjing Huadong Elect.Info & Tech Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.928 Hold/Accumulate Upgraded
Predicted Opening Price for Nanjing Huadong Elect.Info & Tech Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥2.24 ( 0%) | ¥2.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000727.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.36 | 5.36 % | |
| R2 | 2.31 | 3.31 % | ||
| R1 | 2.29 | 2.05 % | ||
| Current price: | 2.24 | |||
| Support | S1 | 2.19 | -2.05 % | |
| S2 | 2.17 | -3.31 % | ||
| S3 | 2.12 | -5.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.55 | 13.84 % | |
| R2 | 2.49 | 11.16 % | ||
| R1 | 2.40 | 7.14 % | ||
| Current price | 2.24 | |||
| Support | S1 | 2.21 | -1.34% | |
| S2 | 2.20 | -1.79% | ||
| S3 | 2.19 | -2.23% |
000727 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 05, 2005 | Aug 05, 2005 | Aug 05, 2005 | ¥0.0250 | 1.96% |
| 2 | May 30, 2003 | May 30, 2003 | May 30, 2003 | ¥0.0400 | 1.14% |
| 3 | Apr 15, 2002 | Apr 15, 2002 | Apr 15, 2002 | ¥0.0500 | 1.16% |
| 4 | May 16, 2001 | May 16, 2001 | May 16, 2001 | ¥0.0500 | 0.674% |
| 5 | May 11, 2000 | May 11, 2000 | May 11, 2000 | ¥0.0385 | 0.87% |
FAQ
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