Hubei Fuxing Science & Technology Co Ltd Stock Forecast
Hubei Fuxing Science & Technology Co Ltd stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on May 16, 2024)
The Hubei Fuxing Science & Technology Co Ltd stock price gained 2.70% on the last trading day (Thursday, 16th May 2024), rising from ¥3.71 to ¥3.81. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.65% from a day low at ¥3.61 to a day high of ¥3.85. The price has risen in 8 of the last 10 days and is up by 5.54% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 million more shares were traded than the day before. In total, 40 million shares were bought and sold for approximately ¥153.04 million.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ¥3.60, a level that may pose a second chance to hit a runner. According to fan-theory ¥4.11 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
000926.SZ Signals & Forecast
Mostly positive signals in the chart today. The Hubei Fuxing Science & Technology 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 ¥3.66 and ¥3.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 25.33%. 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 Hubei Fuxing Science & Technology Co Ltd stock
Hubei Fuxing Science & Technology Co Ltd finds support from accumulated volume at ¥3.62 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 ¥0.240 between high and low, or 6.65%. For the last week, the stock has had daily average volatility of 4.06%.
The Hubei Fuxing Science & Technology Co Ltd stock is extremely overbought on RSI14 (82). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: ¥3.63 (-4.85%) (This stock has high daily movements and this gives high risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (000926.SZ) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Hubei Fuxing Science & Technology Co Ltd to open at ¥3.76, and during the day (based on 14 day Average True Range), to move between ¥3.64 and ¥3.98, which gives a possible trading interval of +/-¥0.173 (+/-4.54%) up or down from last closing price. If Hubei Fuxing Science & Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 9.07% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥3.62, some ¥0.190 (4.99%) from the current price of ¥3.81, our system finds the risk reward attractive.
Is Hubei Fuxing Science & Technology Co Ltd stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Hubei Fuxing Science & Technology Co Ltd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.853 Strong Buy Candidate Upgraded
Predicted Opening Price for Hubei Fuxing Science & Technology Co Ltd of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ¥3.76 ( 1.40%) | ¥3.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000926.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.00 | 4.90 % | |
| R2 | 3.90 | 2.49 % | ||
| R1 | 3.85 | 1.01 % | ||
| Current price: | 3.81 | |||
| Support | S1 | 3.66 | -3.81 % | |
| S2 | 3.61 | -5.29 % | ||
| S3 | 3.52 | -7.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3.81 | |||
| Support | S1 | 3.62 | -4.99% | |
| S2 | 3.46 | -9.19% | ||
| S3 | 3.44 | -9.71% |
000926 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 31, 2023 | Jul 31, 2023 | Jul 31, 2023 | ¥0.0300 | 0.566% |
| 2 | Jul 23, 2021 | Jul 23, 2021 | Jul 23, 2021 | ¥0.0500 | 1.18% |
| 3 | Jul 13, 2020 | Jul 13, 2020 | Jul 13, 2020 | ¥0.100 | 1.66% |
| 4 | Jul 17, 2019 | Jul 17, 2019 | Jul 17, 2019 | ¥0.100 | 1.46% |
| 5 | May 21, 2018 | May 21, 2018 | May 21, 2018 | ¥0.200 | 2.39% |
FAQ
Click here for our free guide on how to buy Hubei Fuxing Science & Technology Co Ltd Stock.
