Tibet Galaxy Science and Tech Dev Co Ltd Stock Forecast
Tibet Galaxy Science and Tech Dev Co Ltd stock price ended at ¥6.33 on Tuesday, after losing 1.09%.
(Updated on May 21, 2024)
The Tibet Galaxy Science and Tech Dev Co Ltd stock price fell by -1.09% on the last day (Tuesday, 21st May 2024) from ¥6.40 to ¥6.33. During the last trading day the stock fluctuated 3.04% from a day low at ¥6.26 to a day high of ¥6.45. The price has fallen in 6 of the last 10 days but is still up by 0.16% 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 -1 million shares and in total, 2 million shares were bought and sold for approximately ¥11.40 million.
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 ¥6.60 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 -6.36% during the next 3 months and, with a 90% probability hold a price between ¥4.79 and ¥6.18 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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000752.SZ Signals & Forecast
The Tibet Galaxy Science and Tech Dev 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 ¥6.39. On a fall, the stock will find some support from the long-term average at approximately ¥6.12. 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 Tuesday, April 30, 2024, and so far it has fallen -5.38%. 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. The stock had a Golden Star Signal on Tuesday, July 04, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, July 04, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Tibet Galaxy Science and Tech Dev Co Ltd stock
Tibet Galaxy Science and Tech Dev Co Ltd finds support from accumulated volume at ¥6.32 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 ¥0.190 between high and low, or 3.04%. For the last week, the stock has had daily average volatility of 4.33%.
Our recommended stop-loss: ¥6.06 (-4.20%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (000752.SZ) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Tibet Galaxy Science and Tech Dev Co Ltd to open at ¥6.35, and during the day (based on 14 day Average True Range), to move between ¥5.91 and ¥6.75, which gives a possible trading interval of +/-¥0.421 (+/-6.66%) up or down from last closing price. If Tibet Galaxy Science and Tech Dev Co Ltd takes out the full calculated possible swing range there will be an estimated 13.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.32 (0.16%) than the resistance at ¥6.39 (0.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tibet Galaxy Science and Tech Dev Co Ltd stock A Buy?
Tibet Galaxy Science and Tech Dev 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.
Current score: -0.147 Hold/Accumulate Unchanged
Predicted Opening Price for Tibet Galaxy Science and Tech Dev Co Ltd of Wednesday, May 22, 2024
Fair opening price May 22, 2024 | Current price |
---|---|
¥6.35 ( 0.263%) | ¥6.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000752.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.54 | 3.26 % | |
R2 | 6.46 | 2.12 % | ||
R1 | 6.42 | 1.41 % | ||
Current price: | 6.33 | |||
Support | S1 | 6.27 | -0.88 % | |
S2 | 6.23 | -1.59 % | ||
S3 | 6.16 | -2.74 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.88 | 8.69 % | |
R2 | 6.50 | 2.69 % | ||
R1 | 6.39 | 0.95 % | ||
Current price | 6.33 | |||
Support | S1 | 6.32 | -0.158% | |
S2 | 6.31 | -0.316% | ||
S3 | 6.29 | -0.632% |
000752 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 02, 2018 | Aug 02, 2018 | Aug 02, 2018 | ¥0.0100 | 0.109% |
2 | Aug 24, 2017 | Aug 24, 2017 | Aug 24, 2017 | ¥0.0200 | 0.153% |
3 | Aug 19, 2016 | Aug 19, 2016 | Aug 19, 2016 | ¥0.0500 | 0.306% |
4 | Jul 31, 2015 | Jul 31, 2015 | Jul 31, 2015 | ¥0.0100 | 0.0587% |
5 | Aug 01, 2014 | Aug 01, 2014 | Aug 01, 2014 | ¥0.0500 | 0.480% |
FAQ
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