Sunvim Group Co., Ltd. Stock Forecast
Sunvim Group Co., Ltd. stock price down 0% on Friday
(Updated on May 31, 2024)
No changes to the price of Sunvim Group Co., Ltd. stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 1.09% from a day low at ¥4.60 to a day high of ¥4.65. The price has fallen in 5 of the last 10 days and is down by -6.84% for this period.
Given the current short-term trend, the stock is expected to rise 16.94% during the next 3 months and, with a 90% probability hold a price between ¥5.41 and ¥6.00 at the end of this 3-month period.
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002083.SZ Signals & Forecast
The volume rose on the last day while price remained unchanged. This may be an early warning and 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. The Sunvim Group 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 ¥4.70 and ¥4.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -7.03%. 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).
Support, Risk & Stop-loss for Sunvim Group Co., Ltd. stock
Sunvim Group Co., Ltd. finds support from accumulated volume at ¥4.60 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 ¥0.0500 (1.09%) between high and low. For the last week, the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002083.SZ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Sunvim Group Co., Ltd. to open at ¥4.63, and during the day (based on 14 day Average True Range), to move between ¥4.49 and ¥4.77, which gives a possible trading interval of +/-¥0.136 (+/-2.93%) 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 5.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.60 (0.65%) than the resistance at ¥4.87 (5.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sunvim Group Co., Ltd. stock A Buy?
The Sunvim Group Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Sunvim Group Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.409 Sell Candidate Unchanged
Predicted Opening Price for Sunvim Group Co., Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ¥4.63 ( 0.0720%) | ¥4.63 |
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 | 4.68 | 1.01 % | |
| R2 | 4.66 | 0.595 % | ||
| R1 | 4.65 | 0.341 % | ||
| Current price: | 4.63 | |||
| Support | S1 | 4.61 | -0.485 % | |
| S2 | 4.60 | -0.739 % | ||
| S3 | 4.58 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.95 | 6.91 % | |
| R2 | 4.92 | 6.26 % | ||
| R1 | 4.87 | 5.18 % | ||
| Current price | 4.63 | |||
| Support | S1 | 4.60 | -0.648% | |
| S2 | 4.58 | -1.08% | ||
| S3 | 4.45 | -3.89% |
002083 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | May 21, 2024 | May 21, 2024 | ¥0.100 | 2.05% |
| 2 | May 25, 2022 | May 25, 2022 | May 25, 2022 | ¥0.300 | 7.30% |
| 3 | Jul 30, 2020 | Jul 30, 2020 | Jul 30, 2020 | ¥0.100 | 1.86% |
| 4 | May 29, 2019 | May 29, 2019 | May 29, 2019 | ¥0.100 | 1.81% |
| 5 | Jun 08, 2018 | Jun 08, 2018 | Jun 08, 2018 | ¥0.300 | 5.64% |
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