RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 000977.SZ
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Volatile ride for Inspur Electronic Infmtn Indtry Co Ltd stock price on Thursday moving between ¥39.61 and ¥44.35
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 22, 2024 Gain 29.34% PDF

The Inspur Electronic Infmtn Indtry Co Ltd stock price gained 10.00% on the last trading day (Thursday, 28th Mar 2024), rising from ¥40.32 to ¥44.35. During the last trading day the stock fluctuated 11.97% from a day low at ¥39.61 to a day high of ¥44.35. The price has been going up and down for this period, and there has been a 12.85% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 54 million more shares were traded than the day before. In total, 178 million shares were bought and sold for approximately ¥7.87 billion.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 43.30% during the next 3 months and, with a 90% probability hold a price between ¥51.25 and ¥68.17 at the end of this 3-month period.

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000977.SZ Signals & Forecast

The Inspur Electronic Infmtn Indtry 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 ¥41.30 and ¥37.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 61.39%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Inspur Electronic Infmtn Indtry Co Ltd stock

Inspur Electronic Infmtn Indtry Co Ltd finds support from accumulated volume at ¥43.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 ¥4.74 between high and low, or 11.97%. For the last week, the stock has had daily average volatility of 6.79%.

Our recommended stop-loss: ¥42.66 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 34 days ago.)

Trading Expectations (000977.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Inspur Electronic Infmtn Indtry Co Ltd to open at ¥42.77, and during the day (based on 14 day Average True Range), to move between ¥42.11 and ¥46.59, which gives a possible trading interval of +/-¥2.24 (+/-5.05%) up or down from last closing price. If Inspur Electronic Infmtn Indtry Co Ltd takes out the full calculated possible swing range there will be an estimated 10.10% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ¥43.19, some ¥1.16 (2.62%) from the current price of ¥44.35, our system finds the risk reward attractive.

Is Inspur Electronic Infmtn Indtry Co Ltd stock A Buy?

Inspur Electronic Infmtn Indtry Co Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 7.551 Strong Buy Candidate Upgraded

Predicted Opening Price for Inspur Electronic Infmtn Indtry Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥42.77 ( 3.56%) ¥44.35

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 000977.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 47.51 7.13 %
R2 45.70 3.04 %
R1 44.58 0.520 %
Current price: 44.35
Support S1 40.96 -7.65 %
S2 39.84 -10.17 %
S3 38.03 -14.25 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 44.35
Support S1 43.19 -2.62%
S2 42.06 -5.16%
S3 33.38 -24.74%

000977 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 28, 2023 Jun 28, 2023 Jun 28, 2023 ¥0.149 0.294%
2 May 20, 2022 May 20, 2022 May 20, 2022 ¥0.140 0.560%
3 May 26, 2021 May 26, 2021 May 26, 2021 ¥0.110 0.383%
4 May 20, 2020 May 20, 2020 May 20, 2020 ¥0.0700 0.163%
5 Apr 30, 2019 Apr 30, 2019 Apr 30, 2019 ¥0.0555 0.191%

FAQ

What is the symbol for Inspur Electronic Infmtn Indtry Co Ltd Stock and on which exchange is it traded?
The symbol for Inspur Electronic Infmtn Indtry Co Ltd is 000977.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Inspur Electronic Infmtn Indtry Co Ltd Stock?
Inspur Electronic Infmtn Indtry Co Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

How to buy Inspur Electronic Infmtn Indtry Co Ltd Stock?
Inspur Electronic Infmtn Indtry Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Inspur Electronic Infmtn Indtry Co Ltd Stock.

What's the current price of Inspur Electronic Infmtn Indtry Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Inspur Electronic Infmtn Indtry Co Ltd (000977.SZ) share was ¥44.35.

What is the 52-week high and low for Inspur Electronic Infmtn Indtry Co Ltd Stock?
The 52-week high for Inspur Electronic Infmtn Indtry Co Ltd Stock is ¥66.22 and the 52-week low is ¥26.62.

What is the market capitalization of Inspur Electronic Infmtn Indtry Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Inspur Electronic Infmtn Indtry Co Ltd is 65.289B.
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About Inspur Electronic Infmtn Indtry Co Ltd

Inspur Electronic Infmtn Indtry Co Ltd Inspur Electronic Information Industry Co., Ltd. provides data center and cloud computing solutions worldwide. The company offers rack, multi-node, and rack-scale servers; all-flash, hybrid flash, and software defined storage products; and artificial intelligence, cloud, SAP HANA platform, and hyperconverged infrastructure solutions. It also provides product and technical support services. The company serves government and enterprise customers. I... 000977.SZ Profile

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