Infore Environment Technology Grp Co Ltd Stock Forecast
Infore Environment Technology Grp Co Ltd stock price down 1.40% on Monday
(Updated on Jun 24, 2024)
The Infore Environment Technology Grp Co Ltd stock price fell by -1.40% on the last day (Monday, 24th Jun 2024) from ¥4.28 to ¥4.22. During the last trading day the stock fluctuated 2.14% from a day low at ¥4.20 to a day high of ¥4.29. The price has risen in 5 of the last 10 days but is still down by -4.09% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 million shares were bought and sold for approximately ¥39.17 million.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (¥4.33) are considered to be a "second chance" to get out. According to the fan-theory ¥4.01 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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000967.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Infore Environment Technology Grp 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 ¥4.34 and ¥4.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -18.53%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Infore Environment Technology Grp Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.0900 between high and low, or 2.14%. For the last week, the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000967.SZ) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Infore Environment Technology Grp Co Ltd to open at ¥4.24, and during the day (based on 14 day Average True Range), to move between ¥4.10 and ¥4.34, which gives a possible trading interval of +/-¥0.121 (+/-2.86%) up or down from last closing price. If Infore Environment Technology Grp Co Ltd takes out the full calculated possible swing range there will be an estimated 5.72% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ¥4.40, some ¥0.180 (4.27%) from the current price of ¥4.22, our system finds the risk reward not very attractive.
Is Infore Environment Technology Grp Co Ltd stock A Buy?
Infore Environment Technology Grp Co Ltd holds several negative signals and is within a 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: -3.550 Sell Candidate Unchanged
Predicted Opening Price for Infore Environment Technology Grp Co Ltd of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| ¥4.24 ( 0.395%) | ¥4.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000967.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.33 | 2.53% |
| R2 | 4.29 | 1.71% |
| R1 | 4.27 | 1.21% |
| Price | 4.22 | |
| S1 | 4.20 | -0.420% |
| S2 | 4.18 | -0.92% |
| S3 | 4.15 | -1.74% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.95 | 17.30% |
| R2 | 4.60 | 9.00% |
| R1 | 4.40 | 4.27% |
| Price | 4.22 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
000967 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2023 | Jul 18, 2023 | Jul 18, 2023 | ¥0.110 | 2.14% |
| 2 | Jul 20, 2022 | Jul 20, 2022 | Jul 20, 2022 | ¥0.100 | 1.97% |
| 3 | Jul 08, 2021 | Jul 08, 2021 | Jul 08, 2021 | ¥0.120 | 1.82% |
| 4 | Jul 10, 2020 | Jul 10, 2020 | Jul 10, 2020 | ¥0.110 | 1.29% |
| 5 | Jul 12, 2019 | Jul 12, 2019 | Jul 12, 2019 | ¥0.100 | 1.42% |
FAQ
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