GuangZhou Seagull Kth & Bth Prd Co.,Ltd. Stock Forecast
Weaker technical forecast for GuangZhou Seagull Kth & Bth Prd Co.,Ltd. as stock downgraded to Sell Candidate.
(Updated on Apr 30, 2024)
The GuangZhou Seagull Kth & Bth Prd Co.,Ltd. stock price fell by -2.40% on the last day (Tuesday, 30th Apr 2024) from ¥2.92 to ¥2.85. During the last trading day the stock fluctuated 8.92% from a day low at ¥2.69 to a day high of ¥2.93. The price has risen in 7 of the last 10 days and is up by 22.32% 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 -4 million shares and in total, 10 million shares were bought and sold for approximately ¥28.76 million.
The stock lies in the middle of a very wide and weak 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 4.76% during the next 3 months and, with a 90% probability hold a price between ¥2.37 and ¥3.39 at the end of this 3-month period.
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002084.SZ Signals & Forecast
There are mixed signals in the stock today. The GuangZhou Seagull Kth & Bth Prd Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥2.88. On a fall, the stock will find some support from the short-term average at ¥2.70. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -2.40%. 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 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 GuangZhou Seagull Kth & Bth Prd Co.,Ltd. stock
GuangZhou Seagull Kth & Bth Prd Co.,Ltd. finds support from accumulated volume at ¥2.80 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 ¥0.240 between high and low, or 8.92%. For the last week, the stock has had daily average volatility of 7.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002084.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect GuangZhou Seagull Kth & Bth Prd Co.,Ltd. to open at ¥2.82, and during the day (based on 14 day Average True Range), to move between ¥2.62 and ¥3.08, which gives a possible trading interval of +/-¥0.228 (+/-8.01%) up or down from last closing price. If GuangZhou Seagull Kth & Bth Prd Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 16.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥2.80 (1.75%) than the resistance at ¥2.92 (2.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GuangZhou Seagull Kth & Bth Prd Co.,Ltd. stock A Buy?
GuangZhou Seagull Kth & Bth Prd Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -2.239 Sell Candidate Downgraded
Predicted Opening Price for GuangZhou Seagull Kth & Bth Prd Co.,Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥2.82 ( 0.94%) | ¥2.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002084.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.06 | 7.49 % | |
| R2 | 2.97 | 4.27 % | ||
| R1 | 2.92 | 2.28 % | ||
| Current price: | 2.85 | |||
| Support | S1 | 2.73 | -4.15 % | |
| S2 | 2.68 | -6.14 % | ||
| S3 | 2.58 | -9.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.13 | 9.82 % | |
| R2 | 3.05 | 7.02 % | ||
| R1 | 2.92 | 2.46 % | ||
| Current price | 2.85 | |||
| Support | S1 | 2.80 | -1.75% | |
| S2 | 2.54 | -10.88% | ||
| S3 | 2.31 | -18.95% |
002084 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2018 | May 02, 2018 | May 02, 2018 | ¥0.0751 | 1.84% |
| 2 | May 10, 2017 | May 10, 2017 | May 10, 2017 | ¥0.0751 | 1.07% |
| 3 | May 13, 2016 | May 13, 2016 | May 13, 2016 | ¥0.0376 | 0.534% |
| 4 | May 29, 2015 | May 29, 2015 | May 29, 2015 | ¥0.0225 | 0.159% |
| 5 | Jun 26, 2014 | Jun 26, 2014 | Jun 26, 2014 | ¥0.0376 | 1.03% |
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