Dymatic Chemicals, Inc Stock Forecast
Red day on Friday for Dymatic Chemicals, Inc
(Updated on May 10, 2024)
The Dymatic Chemicals, Inc stock price fell by -1.15% on the last day (Friday, 10th May 2024) from ¥6.08 to ¥6.01. During the last trading day the stock fluctuated 2.68% from a day low at ¥5.98 to a day high of ¥6.14. The price has risen in 6 of the last 10 days and is up by 22.15% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -276 thousand shares and in total, 4 million shares were bought and sold for approximately ¥22.97 million.
The stock lies in the upper part of a very wide and weak rising 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 ¥6.28 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.15% during the next 3 months and, with a 90% probability hold a price between ¥5.26 and ¥6.85 at the end of this 3-month period.
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002054.SZ Signals & Forecast
The Dymatic Chemicals, Inc 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 ¥5.97 and ¥5.50. 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). 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, May 06, 2024, and so far it has fallen -3.69%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Dymatic Chemicals, Inc stock
Dymatic Chemicals, Inc finds support from accumulated volume at ¥5.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.160 between high and low, or 2.68%. For the last week, the stock has had daily average volatility of 8.86%.
Our recommended stop-loss: ¥5.73 (-4.64%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (002054.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Dymatic Chemicals, Inc to open at ¥6.04, and during the day (based on 14 day Average True Range), to move between ¥5.61 and ¥6.41, which gives a possible trading interval of +/-¥0.405 (+/-6.74%) up or down from last closing price. If Dymatic Chemicals, Inc takes out the full calculated possible swing range there will be an estimated 13.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥6.08 (1.16%) than the support at ¥5.76 (4.16%), 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 Dymatic Chemicals, Inc 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 Dymatic Chemicals, Inc stock to perform well in the short-term.
Current score: 4.345 Buy Candidate Unchanged
Predicted Opening Price for Dymatic Chemicals, Inc of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ¥6.04 ( 0.555%) | ¥6.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002054.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.20 | 3.22 % | |
| R2 | 6.14 | 2.20 % | ||
| R1 | 6.10 | 1.57 % | ||
| Current price: | 6.01 | |||
| Support | S1 | 5.98 | -0.462 % | |
| S2 | 5.94 | -1.09 % | ||
| S3 | 5.88 | -2.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.24 | 3.83 % | |
| R2 | 6.14 | 2.16 % | ||
| R1 | 6.08 | 1.16 % | ||
| Current price | 6.01 | |||
| Support | S1 | 5.76 | -4.16% | |
| S2 | 5.16 | -14.14% | ||
| S3 | 5.05 | -15.97% |
002054 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2023 | May 10, 2023 | May 10, 2023 | ¥0.0700 | 1.01% |
| 2 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | ¥0.0850 | 1.24% |
| 3 | Apr 09, 2021 | Apr 09, 2021 | Apr 09, 2021 | ¥0.0700 | 0.752% |
| 4 | Apr 02, 2020 | Apr 02, 2020 | Apr 02, 2020 | ¥0.0480 | 0.744% |
| 5 | Jun 05, 2019 | Jun 05, 2019 | Jun 05, 2019 | ¥0.0520 | 0.673% |
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