Gosun Holding Co Ltd Stock Forecast
A very strong day for Gosun Holding Co Ltd stock price on Tuesday
(Updated on Apr 30, 2024)
The Gosun Holding Co Ltd stock price gained 5.49% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥0.91 to ¥0.96. During the last trading day the stock fluctuated 6.67% from a day low at ¥0.90 to a day high of ¥0.96. The price has fallen in 8 of the last 10 days and is down by -29.41% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately ¥9.10 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥0.89 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -27.70% during the next 3 months and, with a 90% probability hold a price between ¥0.644 and ¥1.06 at the end of this 3-month period.
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000971.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 5.49%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gosun Holding 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 ¥0.98 and ¥1.46. 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).
Support, Risk & Stop-loss for Gosun Holding Co Ltd stock
Gosun Holding Co Ltd finds support from accumulated volume at ¥0.95 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.0600 between high and low, or 6.67%. For the last week, the stock has had daily average volatility of 15.36%.
Gosun Holding Co Ltd is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: ¥0.91 (-4.86%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 8 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (000971.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Gosun Holding Co Ltd to open at ¥0.94, and during the day (based on 14 day Average True Range), to move between ¥0.84 and ¥1.08, which gives a possible trading interval of +/-¥0.125 (+/-13.00%) up or down from last closing price. If Gosun Holding Co Ltd takes out the full calculated possible swing range there will be an estimated 26.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥0.95 (1.04%) than the resistance at ¥1.00 (4.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gosun Holding Co Ltd stock A Buy?
Gosun Holding Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Gosun Holding Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥0.94 ( 2.08%) | ¥0.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000971.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.00 | 4.17 % | |
| R2 | 0.98 | 1.78 % | ||
| R1 | 0.96 | 0.304 % | ||
| Current price: | 0.96 | |||
| Support | S1 | 0.92 | -4.47 % | |
| S2 | 0.90 | -5.95 % | ||
| S3 | 0.88 | -8.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.17 | 21.88 % | |
| R2 | 1.11 | 15.63 % | ||
| R1 | 1.00 | 4.17 % | ||
| Current price | 0.96 | |||
| Support | S1 | 0.95 | -1.04% | |
| S2 | 0.91 | -5.21% | ||
| S3 | 0 | . |
000971 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 27, 2004 | Aug 27, 2004 | Aug 27, 2004 | ¥0.0354 | 2.63% |
| 2 | Aug 26, 2003 | Aug 26, 2003 | Aug 26, 2003 | ¥0.0354 | 1.73% |
| 3 | Aug 28, 2002 | Aug 28, 2002 | Aug 28, 2002 | ¥0.0424 | 1.30% |
| 4 | Aug 28, 2001 | Aug 28, 2001 | Aug 28, 2001 | ¥0.0530 | 1.36% |
FAQ
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