Shijiazhuang Shangtai Technology Co., Stock Forecast
Shijiazhuang Shangtai Technology Co., stock price down 3.09% on Friday
(Updated on Jun 28, 2024)
The Shijiazhuang Shangtai Technology Co., stock price fell by -3.09% on the last day (Friday, 28th Jun 2024) from ¥44.60 to ¥43.22. During the last trading day the stock fluctuated 3.90% from a day low at ¥43.11 to a day high of ¥44.79. The price has fallen in 8 of the last 10 days and is down by -9.34% for this period. Volume has increased on the last day by 545 thousand 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, 3 million shares were bought and sold for approximately ¥113.45 million.
Given the current short-term trend, the stock is expected to rise 43.21% during the next 3 months and, with a 90% probability hold a price between ¥61.90 and ¥75.04 at the end of this 3-month period.
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001301.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Shijiazhuang Shangtai Technology Co., 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 ¥44.15 and ¥45.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -12.12%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Shijiazhuang Shangtai Technology Co., stock
Shijiazhuang Shangtai Technology Co., finds support from accumulated volume at ¥42.88 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 ¥1.68 between high and low, or 3.90%. For the last week, the stock has had daily average volatility of 4.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (001301.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shijiazhuang Shangtai Technology Co., Ltd. to open at ¥43.71, and during the day (based on 14 day Average True Range), to move between ¥40.54 and ¥45.90, which gives a possible trading interval of +/-¥2.68 (+/-6.19%) up or down from last closing price. If Shijiazhuang Shangtai Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 12.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥42.88 (0.79%) than the resistance at ¥45.04 (4.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shijiazhuang Shangtai Technology Co., Ltd. stock A Buy?
The Shijiazhuang Shangtai Technology Co., stock holds several negative signals and despite the positive trend, we believe Shijiazhuang Shangtai Technology Co., will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.996 Sell Candidate Unchanged
Predicted Opening Price for Shijiazhuang Shangtai Technology Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥43.71 ( 1.13%) | ¥43.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 001301.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.39 | 5.01% |
| R2 | 44.74 | 3.53% |
| R1 | 44.35 | 2.61% |
| Price | 43.22 | |
| S1 | 43.06 | -0.359% |
| S2 | 42.67 | -1.28% |
| S3 | 42.03 | -2.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.30 | 9.44% |
| R2 | 47.00 | 8.75% |
| R1 | 45.04 | 4.21% |
| Price | 43.22 | |
| S1 | 42.88 | -0.787% |
| S2 | 36.26 | -16.10% |
| S3 | 35.07 | -18.86% |
001301 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2024 | Jun 19, 2024 | Jun 19, 2024 | ¥0.80 | 1.74% |
| 2 | May 29, 2023 | May 29, 2023 | May 29, 2023 | ¥1.00 | 1.52% |
FAQ
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