Sichuan Shuangma Cement Co.Ltd Stock Forecast
Stronger technical forecast for Sichuan Shuangma Cement Co.Ltd stock price after Friday trading.
(Updated on May 10, 2024)
The Sichuan Shuangma Cement Co.Ltd stock price fell by -0.472% on the last day (Friday, 10th May 2024) from ¥14.82 to ¥14.75. During the last trading day the stock fluctuated 2.90% from a day low at ¥14.50 to a day high of ¥14.92. The price has been going up and down for this period, and there has been a -1.34% loss for the last 2 weeks. 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, 2 million shares were bought and sold for approximately ¥32.89 million.
The stock lies in the middle of a 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 -15.11% during the next 3 months and, with a 90% probability hold a price between ¥12.24 and ¥12.98 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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000935.SZ Signals & Forecast
There are mixed signals in the stock today. The Sichuan Shuangma Cement 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 ¥14.92 and ¥15.31. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 1.58%. 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).
Support, Risk & Stop-loss for Sichuan Shuangma Cement Co.Ltd stock
Sichuan Shuangma Cement Co.Ltd finds support from accumulated volume at ¥14.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.420 between high and low, or 2.90%. For the last week the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: ¥13.94 (-5.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (000935.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Sichuan Shuangma Cement Co.Ltd to open at ¥14.72, and during the day (based on 14 day Average True Range), to move between ¥14.18 and ¥15.32, which gives a possible trading interval of +/-¥0.571 (+/-3.87%) up or down from last closing price. If Sichuan Shuangma Cement Co.Ltd takes out the full calculated possible swing range there will be an estimated 7.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥14.82 (0.47%) than the support at ¥14.58 (1.15%), 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 Sichuan Shuangma Cement Co.Ltd stock A Buy?
Sichuan Shuangma Cement Co.Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.947 Hold/Accumulate Upgraded
Predicted Opening Price for Sichuan Shuangma Cement Co.Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ¥14.72 ( 0.181%) | ¥14.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000935.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.14 | 2.67 % | |
| R2 | 14.98 | 1.58 % | ||
| R1 | 14.88 | 0.91 % | ||
| Current price: | 14.75 | |||
| Support | S1 | 14.56 | -1.27 % | |
| S2 | 14.46 | -1.94 % | ||
| S3 | 14.30 | -3.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.52 | 18.78 % | |
| R2 | 16.49 | 11.80 % | ||
| R1 | 14.82 | 0.475 % | ||
| Current price | 14.75 | |||
| Support | S1 | 14.58 | -1.15% | |
| S2 | 14.52 | -1.56% | ||
| S3 | 0 | . |
000935 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | ¥0.240 | 1.14% |
| 2 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | ¥0.210 | 1.62% |
| 3 | Jun 02, 2020 | Jun 02, 2020 | Jun 02, 2020 | ¥0.0960 | 0.726% |
| 4 | May 18, 2018 | May 18, 2018 | May 18, 2018 | ¥0.175 | 0.88% |
| 5 | May 28, 2015 | May 28, 2015 | May 28, 2015 | ¥0.0500 | 0.517% |
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