Easyhome New Retail Group Corp Ltd Stock Forecast
Easyhome New Retail Group Corp Ltd stock price ended at ¥2.43 on Friday, after losing 1.22%.
(Updated on Jun 28, 2024)
The Easyhome New Retail Group Corp Ltd stock price fell by -1.22% on the last day (Friday, 28th Jun 2024) from ¥2.46 to ¥2.43. During the last trading day the stock fluctuated 3.72% from a day low at ¥2.42 to a day high of ¥2.51. The price has fallen in 5 of the last 10 days and is down by -7.25% for this period. 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 -27 million shares and in total, 33 million shares were bought and sold for approximately ¥81.23 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 ¥2.37 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.58% during the next 3 months and, with a 90% probability hold a price between ¥1.98 and ¥2.40 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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000785.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Easyhome New Retail Group Corp Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥2.47 and ¥2.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -7.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Easyhome New Retail Group Corp Ltd stock
Easyhome New Retail Group Corp Ltd finds support from accumulated volume at ¥2.41 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 ¥0.0900 between high and low, or 3.72%. For the last week, the stock has had daily average volatility of 6.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000785.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Easyhome New Retail Group Corporation Limited to open at ¥2.45, and during the day (based on 14 day Average True Range), to move between ¥2.30 and ¥2.56, which gives a possible trading interval of +/-¥0.129 (+/-5.31%) up or down from last closing price. If Easyhome New Retail Group Corporation Limited takes out the full calculated possible swing range there will be an estimated 10.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥2.41 (0.82%) than the resistance at ¥2.62 (7.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Easyhome New Retail Group Corporation Limited stock A Buy?
Easyhome New Retail Group Corp Ltd holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.660 Strong Sell Candidate Unchanged
Predicted Opening Price for Easyhome New Retail Group Corporation Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥2.45 ( 0.96%) | ¥2.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000785.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.54 | 4.66% |
| R2 | 2.51 | 3.25% |
| R1 | 2.49 | 2.38% |
| Price | 2.43 | |
| S1 | 2.42 | -0.455% |
| S2 | 2.40 | -1.33% |
| S3 | 2.36 | -2.74% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.99 | 23.05% |
| R2 | 2.86 | 17.70% |
| R1 | 2.62 | 7.82% |
| Price | 2.43 | |
| S1 | 2.41 | -0.82% |
| S2 | 0 | - |
| S3 | 0 | - |
000785 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | ¥0.200 | 5.12% |
| 2 | May 24, 2022 | May 24, 2022 | May 24, 2022 | ¥0.162 | 4.05% |
| 3 | Jul 16, 2021 | Jul 16, 2021 | Jul 16, 2021 | ¥0.0520 | 0.92% |
| 4 | Jun 18, 2020 | Jun 18, 2020 | Jun 18, 2020 | ¥0.0780 | 0.97% |
| 5 | Jun 08, 2018 | Jun 08, 2018 | Jun 08, 2018 | ¥0.200 | 2.27% |
FAQ
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