Moon Environment Technology Co Ltd Stock Forecast
Stronger technical forecast for Moon Environment Technology Co Ltd stock price after Monday trading.
(Updated on May 20, 2024)
The Moon Environment Technology Co Ltd stock price fell by -0.263% on the last day (Monday, 20th May 2024) from ¥11.41 to ¥11.38. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.94% from a day low at ¥11.33 to a day high of ¥11.55. The price has fallen in 6 of the last 10 days and is down by -2.23% 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 -3 million shares and in total, 8 million shares were bought and sold for approximately ¥95.26 million.
The stock lies in the middle of a 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 -7.64% during the next 3 months and, with a 90% probability hold a price between ¥9.34 and ¥11.29 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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000811.SZ Signals & Forecast
The Moon Environment Technology 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 ¥11.54. On a fall, the stock will find some support from the long-term average at approximately ¥11.36. 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, May 14, 2024, and so far it has fallen -2.98%. 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 Moon Environment Technology Co Ltd stock
Moon Environment Technology Co Ltd finds support from accumulated volume at ¥11.32 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 ¥0.220 between high and low, or 1.94%. For the last week, the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: ¥10.95 (-3.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (000811.SZ) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Moon Environment Technology Co Ltd to open at ¥11.42, and during the day (based on 14 day Average True Range), to move between ¥10.95 and ¥11.81, which gives a possible trading interval of +/-¥0.433 (+/-3.80%) up or down from last closing price. If Moon Environment Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 7.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥11.32 (0.53%) than the resistance at ¥11.50 (1.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Moon Environment Technology 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.350 Buy Candidate Upgraded
Predicted Opening Price for Moon Environment Technology Co Ltd of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ¥11.42 ( 0.351%) | ¥11.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000811.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.64 | 2.28 % | |
| R2 | 11.56 | 1.55 % | ||
| R1 | 11.50 | 1.09 % | ||
| Current price: | 11.38 | |||
| Support | S1 | 11.34 | -0.387 % | |
| S2 | 11.28 | -0.84 % | ||
| S3 | 11.20 | -1.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.65 | 11.16 % | |
| R2 | 12.26 | 7.73 % | ||
| R1 | 11.50 | 1.05 % | ||
| Current price | 11.38 | |||
| Support | S1 | 11.32 | -0.527% | |
| S2 | 11.15 | -2.02% | ||
| S3 | 11.04 | -2.99% |
000811 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2023 | Jun 28, 2023 | Jun 28, 2023 | ¥0.200 | 1.31% |
| 2 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | ¥0.200 | 1.91% |
| 3 | Jul 08, 2021 | Jul 08, 2021 | Jul 08, 2021 | ¥0.0500 | 0.424% |
| 4 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | ¥0.0500 | 0.707% |
| 5 | Jun 27, 2019 | Jun 27, 2019 | Jun 27, 2019 | ¥0.0500 | 0.552% |
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