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AI Analysis of 002015.SZ
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Weaker technical forecast for Xiake Color Spinning Co., Ltd. as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Xiake Color Spinning Co., Ltd. stock price gained 1.84% on the last trading day (Thursday, 28th Mar 2024), rising from ¥10.34 to ¥10.53. During the last trading day the stock fluctuated 5.44% from a day low at ¥10.29 to a day high of ¥10.85. The price has been going up and down for this period, and there has been a -7.14% loss 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, 150 thousand more shares were traded than the day before. In total, 23 million shares were bought and sold for approximately ¥246.68 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.02% during the next 3 months and, with a 90% probability hold a price between ¥7.26 and ¥11.13 at the end of this 3-month period.

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002015.SZ Signals & Forecast

The Xiake Color Spinning Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥11.00. On a fall, the stock will find some support from the long-term average at approximately ¥10.09. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, March 19, 2024, and so far it has fallen -9.61%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Xiake Color Spinning Co., Ltd. stock

Xiake Color Spinning Co., Ltd. finds support from accumulated volume at ¥10.37 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 ¥0.560 between high and low, or 5.44%. For the last week, the stock has had daily average volatility of 4.55%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (002015.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Xiake Color Spinning Co., Ltd. to open at ¥10.56, and during the day (based on 14 day Average True Range), to move between ¥10.05 and ¥11.01, which gives a possible trading interval of +/-¥0.475 (+/-4.51%) up or down from last closing price. If Xiake Color Spinning Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥10.37 (1.52%) than the resistance at ¥11.29 (7.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Xiake Color Spinning Co., Ltd. stock A Buy?

Xiake Color Spinning 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.361 Sell Candidate Downgraded

Predicted Opening Price for Xiake Color Spinning Co., Ltd. of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥10.56 ( 0.253%) ¥10.53

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

Trading levels for 002015.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.12 5.57 %
R2 10.90 3.54 %
R1 10.77 2.28 %
Current price: 10.53
Support S1 10.34 -1.78 %
S2 10.21 -3.03 %
S3 10.00 -5.06 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.55 9.69 %
R2 11.34 7.69 %
R1 11.29 7.22 %
Current price 10.53
Support S1 10.37 -1.52%
S2 10.26 -2.56%
S3 9.11 -13.49%

002015 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 26, 2023 Jun 26, 2023 Jun 26, 2023 ¥0.190 1.34%
2 May 17, 2022 May 17, 2022 May 17, 2022 ¥0.200 1.06%
3 Jun 22, 2021 Jun 22, 2021 Jun 22, 2021 ¥0.150 1.63%
4 Oct 27, 2011 Oct 27, 2011 Oct 27, 2011 ¥0.0150 0.166%
5 Jun 16, 2011 Jun 16, 2011 Jun 16, 2011 ¥0.0168 0.176%

FAQ

What is the symbol for Xiake Color Spinning Co., Ltd. Stock and on which exchange is it traded?
The symbol for Xiake Color Spinning Co., Ltd. is 002015.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Xiake Color Spinning Co., Ltd. Stock?
Xiake Color Spinning 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Xiake Color Spinning Co., Ltd. Stock?
Xiake Color Spinning 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 Xiake Color Spinning Co., Ltd. Stock.

What's the current price of Xiake Color Spinning Co., Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an Xiake Color Spinning Co., Ltd. (002015.SZ) share was ¥10.53.

What is the 52-week high and low for Xiake Color Spinning Co., Ltd. Stock?
The 52-week high for Xiake Color Spinning Co., Ltd. Stock is ¥15.91 and the 52-week low is ¥7.57.

What is the market capitalization of Xiake Color Spinning Co., Ltd. Stock?
As of the 2024-03-28, the market capitalization of Xiake Color Spinning Co., Ltd. is 17.002B.
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About Xiake Color Spinning Co., Ltd.

GCL Intelligent Energy Co., Ltd. engages in the production and supply of electricity and heat in China. It generates and cogenerates electricity through clean energy resources, biomass, geothermal, coal-fired thermal, wind, and hydropower. The company is also involved in the natural gas trading and sales; waste-to-energy; gas turbine thermoelectricity; engineering design; supply chain management; and investment and fund management activities. In ... 002015.SZ Profile

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