GuangZhou Seagull Kth & Bth Prd Co.,Ltd. Stock Forecast
GuangZhou Seagull Kth & Bth Prd Co.,Ltd. stock price ended at ¥3.14 on Friday, after gaining 0.96%.
(Updated on May 17, 2024)
The GuangZhou Seagull Kth & Bth Prd Co.,Ltd. stock price gained 0.96% on the last trading day (Friday, 17th May 2024), rising from ¥3.11 to ¥3.14. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.32% from a day low at ¥3.01 to a day high of ¥3.14. The price has risen in 6 of the last 10 days and is up by 10.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately ¥53.38 million.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ¥3.24 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.83% during the next 3 months and, with a 90% probability hold a price between ¥2.46 and ¥3.37 at the end of this 3-month period.
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002084.SZ Signals & Forecast
Mostly positive signals in the chart today. The GuangZhou Seagull Kth & Bth Prd 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 ¥3.00 and ¥2.88. 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 34.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
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 ¥3.13 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 ¥0.130 between high and low, or 4.32%. For the last week, the stock has had daily average volatility of 4.87%.
Our recommended stop-loss: ¥2.97 (-5.52%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (002084.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect GuangZhou Seagull Kth & Bth Prd Co.,Ltd. to open at ¥3.10, and during the day (based on 14 day Average True Range), to move between ¥2.96 and ¥3.32, which gives a possible trading interval of +/-¥0.178 (+/-5.67%) 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 11.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.13 (0.32%) than the resistance at ¥3.16 (0.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
GuangZhou Seagull Kth & Bth Prd Co.,Ltd. will release earnings BMO on Monday, May 20, 2024. We will update the financials statements for GuangZhou Seagull Kth & Bth Prd Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.78% in the first trading day after earnings release.
Is GuangZhou Seagull Kth & Bth Prd Co.,Ltd. stock A Buy?
GuangZhou Seagull Kth & Bth Prd Co.,Ltd. holds several positive signals and is within a weak 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.
Current score: 5.285 Strong Buy Candidate Unchanged
Predicted Opening Price for GuangZhou Seagull Kth & Bth Prd Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥3.10 ( 1.38%) | ¥3.14 |
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 | 3.23 | 2.76 % | |
| R2 | 3.18 | 1.18 % | ||
| R1 | 3.15 | 0.201 % | ||
| Current price: | 3.14 | |||
| Support | S1 | 3.05 | -2.96 % | |
| S2 | 3.02 | -3.94 % | ||
| S3 | 2.97 | -5.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 3.16 | 0.637 % | ||
| Current price | 3.14 | |||
| Support | S1 | 3.13 | -0.318% | |
| S2 | 3.05 | -2.87% | ||
| S3 | 2.92 | -7.01% |
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% |
FAQ
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