Telling Telecom Holding Co., Ltd. Stock Forecast
Telling Telecom Holding Co., Ltd. stock price ended at ¥8.06 on Friday, after gaining 1.64%.
(Updated on May 17, 2024)
The Telling Telecom Holding Co., Ltd. stock price gained 1.64% on the last trading day (Friday, 17th May 2024), rising from ¥7.93 to ¥8.06. During the last trading day the stock fluctuated 5.61% from a day low at ¥7.84 to a day high of ¥8.28. The price has fallen in 6 of the last 10 days and is down by -0.25% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 203 thousand more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately ¥92.51 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 -7.39% during the next 3 months and, with a 90% probability hold a price between ¥6.67 and ¥8.83 at the end of this 3-month period.
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000829.SZ Signals & Forecast
There are mixed signals in the stock today. The Telling Telecom Holding Co., 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 ¥8.07 and ¥8.32. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.04%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Telling Telecom Holding Co., Ltd. stock
Telling Telecom Holding Co., Ltd. finds support from accumulated volume at ¥8.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.440 (5.61%) between high and low. For the last week, the stock has had daily average volatility of 4.58%.
Our recommended stop-loss: ¥7.58 (-5.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (000829.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Telling Telecom Holding Co., Ltd. to open at ¥8.06, and during the day (based on 14 day Average True Range), to move between ¥7.64 and ¥8.48, which gives a possible trading interval of +/-¥0.417 (+/-5.17%) up or down from last closing price. If Telling Telecom Holding Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥8.01 (0.62%) than the resistance at ¥9.18 (13.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Telling Telecom Holding Co., Ltd. stock A Buy?
Telling Telecom Holding 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: -0.163 Hold/Accumulate Unchanged
Predicted Opening Price for Telling Telecom Holding Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥8.06 ( 0%) | ¥8.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000829.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.50 | 5.46 % | |
| R2 | 8.33 | 3.37 % | ||
| R1 | 8.23 | 2.09 % | ||
| Current price: | 8.06 | |||
| Support | S1 | 7.89 | -2.09 % | |
| S2 | 7.79 | -3.37 % | ||
| S3 | 7.62 | -5.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.61 | 19.23 % | |
| R2 | 9.41 | 16.75 % | ||
| R1 | 9.18 | 13.90 % | ||
| Current price | 8.06 | |||
| Support | S1 | 8.01 | -0.620% | |
| S2 | 7.86 | -2.48% | ||
| S3 | 7.65 | -5.09% |
000829 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | ¥0.0320 | 0.326% |
| 2 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | ¥0.0610 | 0.606% |
| 3 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | ¥0.0550 | 0.726% |
| 4 | Jun 23, 2020 | Jun 23, 2020 | Jun 23, 2020 | ¥0.0300 | 0.423% |
| 5 | Jun 01, 2018 | Jun 01, 2018 | Jun 01, 2018 | ¥0.0220 | 0.266% |
FAQ
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