Sinoma Science & Technology Co Ltd Stock Forecast
Sinoma Science & Technology Co Ltd stock price up 2.92% on Thursday
(Updated on May 09, 2024)
The Sinoma Science & Technology Co Ltd stock price gained 2.92% on the last trading day (Thursday, 9th May 2024), rising from ¥16.12 to ¥16.59. During the last trading day the stock fluctuated 6.16% from a day low at ¥15.75 to a day high of ¥16.72. The price has been going up and down for this period, and there has been a -5.25% loss for the last 2 weeks. Volume fell on the last day by -3 million shares and in total, 19 million shares were bought and sold for approximately ¥320.11 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong 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 11.12% during the next 3 months and, with a 90% probability hold a price between ¥17.39 and ¥19.82 at the end of this 3-month period.
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002080.SZ Signals & Forecast
The Sinoma Science & Technology 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 ¥16.08 and ¥16.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 6.89%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sinoma Science & Technology Co Ltd stock
Sinoma Science & Technology Co Ltd finds support from accumulated volume at ¥16.23 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 ¥0.97 between high and low, or 6.16%. For the last week, the stock has had daily average volatility of 4.69%.
Our recommended stop-loss: ¥16.02 (-3.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (002080.SZ) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Sinoma Science & Technology Co Ltd to open at ¥16.35, and during the day (based on 14 day Average True Range), to move between ¥15.77 and ¥17.41, which gives a possible trading interval of +/-¥0.82 (+/-4.93%) up or down from last closing price. If Sinoma Science & Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 9.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥16.86 (1.63%) than the support at ¥16.23 (2.17%), 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.
Earnings coming up
Sinoma Science & Technology Co Ltd will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Sinoma Science & Technology Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.11% in the first trading day after earnings release.
Is Sinoma Science & Technology 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 Sinoma Science & Technology Co Ltd stock to perform well in the short-term.
Current score: 4.380 Buy Candidate Unchanged
Predicted Opening Price for Sinoma Science & Technology Co Ltd of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ¥16.35 ( 1.43%) | ¥16.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002080.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.32 | 4.42 % | |
| R2 | 16.95 | 2.19 % | ||
| R1 | 16.72 | 0.81 % | ||
| Current price: | 16.59 | |||
| Support | S1 | 15.98 | -3.66 % | |
| S2 | 15.75 | -5.04 % | ||
| S3 | 15.38 | -7.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.28 | 4.16 % | |
| R2 | 17.13 | 3.25 % | ||
| R1 | 16.86 | 1.63 % | ||
| Current price | 16.59 | |||
| Support | S1 | 16.23 | -2.17% | |
| S2 | 16.21 | -2.29% | ||
| S3 | 15.69 | -5.42% |
002080 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2023 | May 31, 2023 | May 31, 2023 | ¥0.660 | 3.40% |
| 2 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | ¥0.635 | 2.92% |
| 3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.400 | 1.87% |
| 4 | May 22, 2020 | May 22, 2020 | May 22, 2020 | ¥0.260 | 2.19% |
| 5 | May 23, 2019 | May 23, 2019 | May 23, 2019 | ¥0.187 | 2.12% |
FAQ
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