H&R Century Union Corp Stock Forecast
Big movements in H&R Century Union Corp stock price on Thursday moving 16.79% between high and low
(Updated on Apr 18, 2024)
No changes to the price of H&R Century Union Corp stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 16.79% from a day low at ¥2.62 to a day high of ¥3.06. The price has fallen in 6 of the last 10 days and is down by -17.28% for this period.
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 -3.02% during the next 3 months and, with a 90% probability hold a price between ¥2.12 and ¥3.56 at the end of this 3-month period.
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000892.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.20%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The H&R Century Union Corp 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 ¥2.81 and ¥3.14. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for H&R Century Union Corp stock
H&R Century Union Corp finds support from accumulated volume at ¥2.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ¥0.440 between high and low, or 16.79%. For the last week, the stock has had daily average volatility of 16.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000892.SZ) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect H&R Century Union Corp to open at ¥2.79, and during the day (based on 14 day Average True Range), to move between ¥2.41 and ¥2.95, which gives a possible trading interval of +/-¥0.272 (+/-10.16%) up or down from last closing price. If H&R Century Union Corp takes out the full calculated possible swing range there will be an estimated 20.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥2.62 (2.24%) than the resistance at ¥3.08 (14.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is H&R Century Union Corp stock A Buy?
H&R Century Union Corp 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: -4.898 Sell Candidate Unchanged
Predicted Opening Price for H&R Century Union Corp of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
¥2.79 ( 3.98%) | ¥2.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000892.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.23 | 20.40 % | |
R2 | 3.06 | 14.13 % | ||
R1 | 2.95 | 10.25 % | ||
Current price: | 2.68 | |||
Support | S1 | 2.62 | -2.29 % | |
S2 | 2.51 | -6.17 % | ||
S3 | 2.35 | -12.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.29 | 22.76 % | |
R2 | 3.25 | 21.27 % | ||
R1 | 3.08 | 14.93 % | ||
Current price | 2.68 | |||
Support | S1 | 2.62 | -2.24% | |
S2 | 2.52 | -5.97% | ||
S3 | 2.42 | -9.70% |
000892 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 16, 2001 | Oct 16, 2001 | Oct 16, 2001 | ¥0.0750 | 0.639% |
2 | Jul 14, 1999 | Jul 14, 1999 | Jul 14, 1999 | ¥0.138 | 3.18% |
FAQ
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