Dehua TB New Decoration Material Co. Ltd Stock Forecast
Green day on Thursday for Dehua TB New Decoration Material Co. Ltd
(Updated on Apr 18, 2024)
The Dehua TB New Decoration Material Co. Ltd stock price gained 1.22% on the last trading day (Thursday, 18th Apr 2024), rising from ¥9.83 to ¥9.95. During the last trading day the stock fluctuated 3.29% from a day low at ¥9.73 to a day high of ¥10.05. The price has risen in 6 of the last 10 days and is up by 0.71% 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, 90 thousand more shares were traded than the day before. In total, 12 million shares were bought and sold for approximately ¥115.69 million.
The stock lies in the middle of a wide and weak 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 2.19% during the next 3 months and, with a 90% probability hold a price between ¥9.67 and ¥10.80 at the end of this 3-month period.
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002043.SZ Signals & Forecast
Mostly positive signals in the chart today. The Dehua TB New Decoration Material Co. Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥9.69 and ¥9.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.29%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Dehua TB New Decoration Material Co. Ltd stock
Dehua TB New Decoration Material Co. Ltd finds support from accumulated volume at ¥9.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.320 between high and low, or 3.29%. For the last week the stock has had daily average volatility of 3.40%.
Our recommended stop-loss: ¥9.56 (-3.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (002043.SZ) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Dehua TB New Decoration Material Co. Ltd to open at ¥9.91, and during the day (based on 14 day Average True Range), to move between ¥9.64 and ¥10.26, which gives a possible trading interval of +/-¥0.308 (+/-3.09%) up or down from last closing price. If Dehua TB New Decoration Material Co. Ltd takes out the full calculated possible swing range there will be an estimated 6.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥10.08 (1.31%) than the support at ¥9.80 (1.51%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Dehua TB New Decoration Material Co. Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dehua TB New Decoration Material Co. Ltd stock to perform well in the short-term.
Current score: 2.466 Buy Candidate Unchanged
Predicted Opening Price for Dehua TB New Decoration Material Co. Ltd of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| ¥9.91 ( 0.402%) | ¥9.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002043.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.23 | 2.81 % | |
| R2 | 10.11 | 1.59 % | ||
| R1 | 10.03 | 0.83 % | ||
| Current price: | 9.95 | |||
| Support | S1 | 9.79 | -1.63 % | |
| S2 | 9.71 | -2.39 % | ||
| S3 | 9.59 | -3.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.34 | 3.92 % | |
| R2 | 10.11 | 1.61 % | ||
| R1 | 10.08 | 1.31 % | ||
| Current price | 9.95 | |||
| Support | S1 | 9.80 | -1.51% | |
| S2 | 9.68 | -2.71% | ||
| S3 | 9.45 | -5.03% |
002043 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | ¥0.500 | 5.02% |
| 2 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | ¥0.470 | 4.92% |
| 3 | Jul 05, 2021 | Jul 05, 2021 | Jul 05, 2021 | ¥0.200 | 2.05% |
| 4 | Jul 07, 2020 | Jul 07, 2020 | Jul 07, 2020 | ¥0.250 | 2.77% |
| 5 | Jun 13, 2019 | Jun 13, 2019 | Jun 13, 2019 | ¥0.250 | 4.27% |
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