Guangzhou Yuexiu Finncl Hldg Grp Co Ltd Stock Forecast
Green day on Friday for Guangzhou Yuexiu Finncl Hldg Grp Co Ltd stock after gaining 0.87%
(Updated on May 10, 2024)
The Guangzhou Yuexiu Finncl Hldg Grp Co Ltd stock price gained 0.87% on the last trading day (Friday, 10th May 2024), rising from ¥5.75 to ¥5.80. During the last trading day the stock fluctuated 2.28% from a day low at ¥5.69 to a day high of ¥5.82. The price has risen in 6 of the last 10 days and is up by 4.88% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 16 million shares were bought and sold for approximately ¥93.64 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥5.82 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.11% during the next 3 months and, with a 90% probability hold a price between ¥4.82 and ¥5.35 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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000987.SZ Signals & Forecast
The Guangzhou Yuexiu Finncl Hldg Grp 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 ¥5.78 and ¥5.69. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.36%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Guangzhou Yuexiu Finncl Hldg Grp Co Ltd stock
Guangzhou Yuexiu Finncl Hldg Grp Co Ltd finds support from accumulated volume at ¥5.68 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 ¥0.130 between high and low, or 2.28%. For the last week, the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000987.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Guangzhou Yuexiu Finncl Hldg Grp Co Ltd to open at ¥5.77, and during the day (based on 14 day Average True Range), to move between ¥5.64 and ¥5.96, which gives a possible trading interval of +/-¥0.164 (+/-2.84%) up or down from last closing price. If Guangzhou Yuexiu Finncl Hldg Grp Co Ltd takes out the full calculated possible swing range there will be an estimated 5.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.68 (2.07%) than the resistance at ¥5.93 (2.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangzhou Yuexiu Finncl Hldg Grp Co Ltd stock A Buy?
Guangzhou Yuexiu Finncl Hldg Grp Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.144 Sell Candidate Unchanged
Predicted Opening Price for Guangzhou Yuexiu Finncl Hldg Grp Co Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ¥5.77 ( 0.517%) | ¥5.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000987.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.90 | 1.72 % | |
| R2 | 5.85 | 0.87 % | ||
| R1 | 5.82 | 0.339 % | ||
| Current price: | 5.80 | |||
| Support | S1 | 5.72 | -1.37 % | |
| S2 | 5.69 | -1.90 % | ||
| S3 | 5.64 | -2.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.06 | 4.48 % | |
| R2 | 5.98 | 3.10 % | ||
| R1 | 5.93 | 2.24 % | ||
| Current price | 5.80 | |||
| Support | S1 | 5.68 | -2.07% | |
| S2 | 5.58 | -3.79% | ||
| S3 | 5.57 | -3.97% |
000987 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | ¥0.170 | 2.76% |
| 2 | Jun 23, 2022 | Jun 23, 2022 | Jun 23, 2022 | ¥0.200 | 2.86% |
| 3 | Aug 25, 2021 | Aug 25, 2021 | Aug 25, 2021 | ¥0.185 | 2.92% |
| 4 | May 20, 2020 | May 20, 2020 | May 20, 2020 | ¥0.0933 | 1.44% |
| 5 | Jun 05, 2019 | Jun 05, 2019 | Jun 05, 2019 | ¥0.0494 | 1.00% |
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