Sinoma Science & Technology Co Ltd Stock Forecast

Sinoma Science & Technology Co Ltd stock price fell more than -5.37% Friday closing at ¥14.99
(Updated on May 31, 2024)

002080.SZ Signals & Forecast

There are few to no technical positive signals at the moment. The Sinoma Science & Technology Co Ltd 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 ¥15.63 and ¥16.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -14.39%. 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 Sinoma Science & Technology Co Ltd stock

Sinoma Science & Technology Co Ltd finds support from accumulated volume at ¥14.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.310 (2.07%) between high and low. For the last week, the stock has had daily average volatility of 1.99%.

Sinoma Science & Technology Co Ltd is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (002080.SZ) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Sinoma Science & Technology Co Ltd to open at ¥15.09, and during the day (based on 14 day Average True Range), to move between ¥14.42 and ¥15.56, which gives a possible trading interval of +/-¥0.573 (+/-3.82%) 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 7.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥14.95 (0.27%) than the resistance at ¥15.69 (4.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sinoma Science & Technology Co Ltd stock A Buy?

The Sinoma Science & Technology Co Ltd stock holds several negative signals and despite the positive trend, we believe Sinoma Science & Technology Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.569 Sell Candidate Downgraded

Predicted Opening Price for Sinoma Science & Technology Co Ltd of Monday, June 3, 2024

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