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AI Analysis of 002096.SZ
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Stronger technical forecast for Hunan Nanling Ind. Explosive Material stock price after Tuesday trading.
(Updated on Apr 30, 2024)

Buy or Hold candidate since Mar 28, 2024 Gain 7.80% PDF

The Hunan Nanling Ind. Explosive Material stock price gained 0.507% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥11.83 to ¥11.89. During the last trading day the stock fluctuated 7.47% from a day low at ¥11.52 to a day high of ¥12.38. The price has risen in 6 of the last 10 days and is up by 5.04% over the past 2 weeks. Volume fell on the last day by -6 million shares and in total, 10 million shares were bought and sold for approximately ¥121.13 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and 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 23.32% during the next 3 months and, with a 90% probability hold a price between ¥13.89 and ¥15.49 at the end of this 3-month period.

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002096.SZ Signals & Forecast

A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -3.10%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Hunan Nanling Ind. Explosive Material stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥12.06. On a fall, the stock will find some support from the long-term average at approximately ¥11.58. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Hunan Nanling Ind. Explosive Material stock

Hunan Nanling Ind. Explosive Material finds support from accumulated volume at ¥11.83 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 ¥0.86 (7.47%) between high and low. For the last week, the stock has had daily average volatility of 4.94%.

Our recommended stop-loss: ¥11.39 (-4.25%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (002096.SZ) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Hunan Nanling Ind. Explosive Material to open at ¥11.93, and during the day (based on 14 day Average True Range), to move between ¥11.36 and ¥12.42, which gives a possible trading interval of +/-¥0.532 (+/-4.47%) up or down from last closing price. If Hunan Nanling Ind. Explosive Material takes out the full calculated possible swing range there will be an estimated 8.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥11.83 (0.50%) than the resistance at ¥11.96 (0.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hunan Nanling Ind. Explosive Material stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.101 Buy Candidate Upgraded

Predicted Opening Price for Hunan Nanling Ind. Explosive Material of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
¥11.93 ( 0.336%) ¥11.89

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

Trading levels for 002096.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 12.79 7.57 %
R2 12.46 4.81 %
R1 12.26 3.10 %
Current price: 11.89
Support S1 11.60 -2.43 %
S2 11.40 -4.13 %
S3 11.07 -6.90 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 12.27 3.20 %
R2 12.03 1.18 %
R1 11.96 0.589 %
Current price 11.89
Support S1 11.83 -0.505%
S2 11.52 -3.11%
S3 11.30 -4.96%

002096 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 30, 2023 Jun 30, 2023 Jun 30, 2023 ¥0.0300 0.254%
2 Jul 13, 2022 Jul 13, 2022 Jul 13, 2022 ¥0.0300 0.240%
3 Jul 14, 2021 Jul 14, 2021 Jul 14, 2021 ¥0.0200 0.254%
4 Jul 10, 2020 Jul 10, 2020 Jul 10, 2020 ¥0.0200 0.303%
5 Jun 14, 2019 Jun 14, 2019 Jun 14, 2019 ¥0.0200 0.351%

FAQ

What is the symbol for Hunan Nanling Ind. Explosive Material Stock and on which exchange is it traded?
The symbol for Hunan Nanling Ind. Explosive Material is 002096.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Hunan Nanling Ind. Explosive Material Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Hunan Nanling Ind. Explosive Material Stock?
Hunan Nanling Ind. Explosive Material Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Hunan Nanling Ind. Explosive Material Stock.

What's the current price of Hunan Nanling Ind. Explosive Material Stock?
As of the end of day on the Apr 30, 2024, the price of an Hunan Nanling Ind. Explosive Material (002096.SZ) share was ¥11.89.

What is the 52-week high and low for Hunan Nanling Ind. Explosive Material Stock?
The 52-week high for Hunan Nanling Ind. Explosive Material Stock is ¥12.74 and the 52-week low is ¥8.59.

What is the market capitalization of Hunan Nanling Ind. Explosive Material Stock?
As of the Apr 30, 2024, the market capitalization of Hunan Nanling Ind. Explosive Material is 14.749B.

When is the next earnings date for Hunan Nanling Ind. Explosive Material?
The upcoming earnings date for Hunan Nanling Ind. Explosive Material is Apr 18, 2025.
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About Hunan Nanling Ind. Explosive Material

Hunan Nanling Industrial Explosive Materials Co., Ltd. engages in the research, development, production, sale, transportation, and blasting of civil blasting equipment and other equipment. Its products include permissible emulsion explosives for secondary coal mines, rock emulsion explosives, emulsion explosives allowed for class III coal mines, and permissible expanded ammonium nitrate explosives for coal mines. The company also provides electro... 002096.SZ Profile

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