Beijing Centergate Tech. (Holding) Co. Stock Forecast
Volatile ride for Beijing Centergate Tech. (Holding) Co. stock price on Friday moving between ¥3.92 and ¥4.47
(Updated on Apr 19, 2024)
The Beijing Centergate Tech. (Holding) Co. stock price gained 0.254% on the last trading day (Friday, 19th Apr 2024), rising from ¥3.93 to ¥3.94. During the last trading day the stock fluctuated 14.03% from a day low at ¥3.92 to a day high of ¥4.47. The price has fallen in 6 of the last 10 days and is down by -15.27% for this period. Volume fell on the last day by -199 thousand shares and in total, 14 million shares were bought and sold for approximately ¥54.61 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -4.32% during the next 3 months and, with a 90% probability hold a price between ¥3.04 and ¥4.47 at the end of this 3-month period.
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000931.SZ Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. 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. The Beijing Centergate Tech. (Holding) Co. 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 ¥4.07 and ¥4.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -16.88%. 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).
Support, Risk & Stop-loss for Beijing Centergate Tech. (Holding) Co. stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥3.65 and ¥3.63. 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, Beijing Centergate Tech. (Holding) Co. finds support just below today's level at ¥3.65. If this is broken, then the next support from accumulated volume will be at ¥3.63 and ¥3.35.
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 ¥0.550 between high and low, or 14.03%. For the last week, the stock has had daily average volatility of 16.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000931.SZ) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Beijing Centergate Tech. (Holding) Co. to open at ¥4.11, and during the day (based on 14 day Average True Range), to move between ¥3.60 and ¥4.28, which gives a possible trading interval of +/-¥0.337 (+/-8.56%) up or down from last closing price. If Beijing Centergate Tech. (Holding) Co. takes out the full calculated possible swing range there will be an estimated 17.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥4.16 (5.58%) than the support at ¥3.65 (7.36%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Beijing Centergate Tech. (Holding) Co. stock A Buy?
Beijing Centergate Tech. (Holding) Co. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.961 Strong Sell Candidate Downgraded
Predicted Opening Price for Beijing Centergate Tech. (Holding) Co. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| ¥4.11 ( 4.31%) | ¥3.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000931.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.66 | 18.27 % | |
| R2 | 4.45 | 12.94 % | ||
| R1 | 4.32 | 9.65 % | ||
| Current price: | 3.94 | |||
| Support | S1 | 3.90 | -1.02 % | |
| S2 | 3.77 | -4.31 % | ||
| S3 | 3.56 | -9.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.58 | 16.24 % | |
| R2 | 4.52 | 14.72 % | ||
| R1 | 4.16 | 5.58 % | ||
| Current price | 3.94 | |||
| Support | S1 | 3.65 | -7.36% | |
| S2 | 3.63 | -7.87% | ||
| S3 | 3.35 | -14.97% |
000931 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 17, 2002 | Jul 17, 2002 | Jul 17, 2002 | ¥0.0862 | 0.775% |
| 2 | Aug 21, 2001 | Aug 21, 2001 | Aug 21, 2001 | ¥0.150 | 1.07% |
| 3 | Aug 20, 2001 | Aug 20, 2001 | Aug 20, 2001 | ¥0.129 | 0.96% |
| 4 | Jul 17, 2000 | Jul 17, 2000 | Jul 17, 2000 | ¥0.129 | 0.477% |
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