Sunvim Group Co., Ltd. Stock Forecast
Stronger technical forecast for Sunvim Group Co., Ltd. stock price after Thursday trading.
(Updated on May 09, 2024)
The Sunvim Group Co., Ltd. stock price gained 1.64% on the last trading day (Thursday, 9th May 2024), rising from ¥4.89 to ¥4.97. During the last trading day the stock fluctuated 5.06% from a day low at ¥4.74 to a day high of ¥4.98. The price has been going up and down for this period, and there has been a 2.05% gain 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, 3 million more shares were traded than the day before. In total, 12 million shares were bought and sold for approximately ¥58.43 million.
The stock lies in the middle of a 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 22.97% during the next 3 months and, with a 90% probability hold a price between ¥5.94 and ¥6.44 at the end of this 3-month period.
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002083.SZ Signals & Forecast
The Sunvim Group 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 ¥4.85 and ¥4.65. 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 8.52%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sunvim Group Co., Ltd. stock
Sunvim Group Co., Ltd. finds support from accumulated volume at ¥4.95 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 ¥0.240 between high and low, or 5.06%. For the last week, the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: ¥4.75 (-4.48%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (002083.SZ) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Sunvim Group Co., Ltd. to open at ¥4.90, and during the day (based on 14 day Average True Range), to move between ¥4.80 and ¥5.14, which gives a possible trading interval of +/-¥0.170 (+/-3.43%) up or down from last closing price. If Sunvim Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.86% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥4.95, some ¥0.0200 (0.40%) from the current price of ¥4.97, our system finds the risk reward attractive.
Is Sunvim Group Co., Ltd. stock A Buy?
Sunvim Group Co., Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.676 Strong Buy Candidate Upgraded
Predicted Opening Price for Sunvim Group Co., Ltd. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ¥4.90 ( 1.48%) | ¥4.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002083.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.14 | 3.35 % | |
| R2 | 5.04 | 1.51 % | ||
| R1 | 4.99 | 0.369 % | ||
| Current price: | 4.97 | |||
| Support | S1 | 4.80 | -3.32 % | |
| S2 | 4.75 | -4.46 % | ||
| S3 | 4.66 | -6.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 4.97 | |||
| Support | S1 | 4.95 | -0.402% | |
| S2 | 4.92 | -1.01% | ||
| S3 | 4.79 | -3.62% |
002083 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 25, 2022 | May 25, 2022 | May 25, 2022 | ¥0.300 | 7.30% |
| 2 | Jul 30, 2020 | Jul 30, 2020 | Jul 30, 2020 | ¥0.100 | 2.00% |
| 3 | May 29, 2019 | May 29, 2019 | May 29, 2019 | ¥0.100 | 1.99% |
| 4 | Jun 08, 2018 | Jun 08, 2018 | Jun 08, 2018 | ¥0.300 | 6.29% |
| 5 | Oct 17, 2017 | Oct 17, 2017 | Oct 17, 2017 | ¥0.100 | 1.60% |
FAQ
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