Sanxiang Impression Co Ltd Stock Forecast
Evaluation of Sanxiang Impression Co Ltd stock downgraded after the last trading session.
(Updated on Jun 26, 2024)
No changes to the price of Sanxiang Impression Co Ltd stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 4.12% from a day low at ¥3.88 to a day high of ¥4.04. The price has risen in 6 of the last 10 days and is up by 10.77% over the past 2 weeks.
The stock lies in the upper part of a wide and strong rising 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 ¥4.02 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 26.41% during the next 3 months and, with a 90% probability hold a price between ¥4.26 and ¥5.09 at the end of this 3-month period.
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000863.SZ Signals & Forecast
The Sanxiang Impression Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥3.95 and ¥3.54. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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, June 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Sanxiang Impression Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥3.77 and ¥3.69. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sanxiang Impression Co Ltd finds support just below today's level at ¥3.77. If this is broken, then the next support from accumulated volume will be at ¥3.69 and ¥3.38.
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 ¥0.160 between high and low, or 4.12%. For the last week, the stock has had daily average volatility of 5.40%.
Our recommended stop-loss: ¥3.86 (-3.64%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (000863.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Sanxiang Impression Co Ltd to open at ¥3.98, and during the day (based on 14 day Average True Range), to move between ¥3.68 and ¥4.34, which gives a possible trading interval of +/-¥0.333 (+/-8.30%) up or down from last closing price. If Sanxiang Impression Co Ltd takes out the full calculated possible swing range there will be an estimated 16.59% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥3.77, some ¥0.240 (5.99%) from the current price of ¥4.01, our system finds the risk reward attractive.
Is Sanxiang Impression Co Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sanxiang Impression Co Ltd stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.801 Buy Candidate Downgraded
Predicted Opening Price for Sanxiang Impression Co Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥3.98 ( 0.83%) | ¥4.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000863.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.14 | 3.16% |
| R2 | 4.08 | 1.63% |
| R1 | 4.04 | 0.693% |
| Price | 4.01 | |
| S1 | 3.92 | -2.36% |
| S2 | 3.88 | -3.30% |
| S3 | 3.82 | -4.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 4.01 | |
| S1 | 3.77 | -5.99% |
| S2 | 3.69 | -7.98% |
| S3 | 3.38 | -15.71% |
000863 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2022 | May 13, 2022 | May 13, 2022 | ¥0.100 | 3.14% |
| 2 | Jun 01, 2021 | Jun 01, 2021 | Jun 01, 2021 | ¥0.400 | 10.90% |
| 3 | Aug 25, 2020 | Aug 25, 2020 | Aug 25, 2020 | ¥0.400 | 9.20% |
| 4 | Jul 26, 2018 | Jul 26, 2018 | Jul 26, 2018 | ¥0.202 | 4.48% |
| 5 | Nov 01, 2017 | Nov 01, 2017 | Nov 01, 2017 | ¥0.200 | 2.99% |
FAQ
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