Tianjin Futong Xinm Scnc&Tchnlgy Co Ltd Stock Forecast
Red day on Monday for Tianjin Futong Xinm Scnc&Tchnlgy Co Ltd
(Updated on May 20, 2024)
The Tianjin Futong Xinm Scnc&Tchnlgy Co Ltd stock price fell by -4.95% on the last day (Monday, 20th May 2024) from ¥1.01 to ¥0.96. It has now fallen 10 days in a row. During the last trading day the stock fluctuated 5.21% from a day low at ¥0.96 to a day high of ¥1.01. The price has fallen in 10 of the last 10 days and is down by -40.37% 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 -1 million shares and in total, 1 million shares were bought and sold for approximately ¥1.20 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥0.96 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -35.11% during the next 3 months and, with a 90% probability hold a price between ¥0.621 and ¥1.06 at the end of this 3-month period.
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000836.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Tianjin Futong Xinm Scnc&Tchnlgy 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 ¥1.13 and ¥1.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -56.56%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Tianjin Futong Xinm Scnc&Tchnlgy Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved ¥0.0500 between high and low, or 5.21%. For the last week the stock has had daily average volatility of 17.30%.
Tianjin Futong Xinm Scnc&Tchnlgy Co Ltd is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000836.SZ) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Tianjin Futong Xinm Scnc&Tchnlgy Co Ltd to open at ¥0.98, and during the day (based on 14 day Average True Range), to move between ¥0.794 and ¥1.13, which gives a possible trading interval of +/-¥0.166 (+/-17.32%) up or down from last closing price. If Tianjin Futong Xinm Scnc&Tchnlgy Co Ltd takes out the full calculated possible swing range there will be an estimated 34.63% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ¥1.01, some ¥0.0500 (5.21%) from the current price of ¥0.96, our system finds the risk reward not very attractive.
Earnings coming up
Tianjin Futong Xinm Scnc&Tchnlgy Co Ltd will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for Tianjin Futong Xinm Scnc&Tchnlgy Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.12% in the first trading day after earnings release.
Is Tianjin Futong Xinm Scnc&Tchnlgy Co Ltd stock A Buy?
Tianjin Futong Xinm Scnc&Tchnlgy Co Ltd holds several negative signals and is within a very 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: -7.624 Strong Sell Candidate Unchanged
Predicted Opening Price for Tianjin Futong Xinm Scnc&Tchnlgy Co Ltd of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ¥0.98 ( 1.74%) | ¥0.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000836.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.03 | 6.94 % | |
| R2 | 1.01 | 4.95 % | ||
| R1 | 1.00 | 3.73 % | ||
| Current price: | 0.96 | |||
| Support | S1 | 0.96 | -0.253 % | |
| S2 | 0.95 | -1.48 % | ||
| S3 | 0.93 | -3.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.12 | 16.67 % | |
| R2 | 1.06 | 10.42 % | ||
| R1 | 1.01 | 5.21 % | ||
| Current price | 0.96 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
000836 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2018 | Jun 04, 2018 | Jun 04, 2018 | ¥0.0300 | 0.665% |
| 2 | May 31, 2013 | May 31, 2013 | May 31, 2013 | ¥0.0100 | 0.440% |
| 3 | May 26, 2009 | May 26, 2009 | May 26, 2009 | ¥0.0154 | 0.572% |
| 4 | Jun 19, 2002 | Jun 19, 2002 | Jun 19, 2002 | ¥0.0247 | 0.86% |
| 5 | Jul 02, 1999 | Jul 02, 1999 | Jul 02, 1999 | ¥0.0247 | 0.472% |
FAQ
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