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AI Analysis of 002112.SZ
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San Bian Science& Technology Co Ltd stock downgraded to Sell Candidate
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The San Bian Science& Technology Co Ltd stock price gained 2.14% on the last trading day (Thursday, 28th Mar 2024), rising from ¥8.43 to ¥8.61. During the last trading day the stock fluctuated 5.12% from a day low at ¥8.40 to a day high of ¥8.83. The price has been going up and down for this period, and there has been a -4.97% loss for the last 2 weeks. Volume fell on the last day by -120 thousand shares and in total, 7 million shares were bought and sold for approximately ¥58.97 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 the upper part of a very wide and falling 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 ¥8.84 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -15.70% during the next 3 months and, with a 90% probability hold a price between ¥4.68 and ¥7.45 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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002112.SZ Signals & Forecast

The San Bian Science& Technology Co Ltd 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 ¥8.85. On a fall, the stock will find some support from the long-term average at approximately ¥8.33. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -6.41%. 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 San Bian Science& Technology Co Ltd stock

San Bian Science& Technology Co Ltd finds support from accumulated volume at ¥8.43 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 ¥0.430 between high and low, or 5.12%. For the last week, the stock has had daily average volatility of 3.96%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (002112.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect San Bian Science& Technology Co Ltd to open at ¥8.61, and during the day (based on 14 day Average True Range), to move between ¥8.25 and ¥8.97, which gives a possible trading interval of +/-¥0.359 (+/-4.17%) up or down from last closing price. If San Bian Science& Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 8.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥8.64 (0.35%) than the support at ¥8.43 (2.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is San Bian Science& Technology Co Ltd stock A Buy?

San Bian Science& Technology Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe 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: -1.109 Sell Candidate Downgraded

Predicted Opening Price for San Bian Science& Technology Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥8.61 ( 0.0387%) ¥8.61

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

Trading levels for 002112.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.04 5.03 %
R2 8.88 3.13 %
R1 8.78 1.95 %
Current price: 8.61
Support S1 8.45 -1.87 %
S2 8.35 -3.05 %
S3 8.18 -4.96 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.64 23.58 %
R2 9.10 5.69 %
R1 8.64 0.348 %
Current price 8.61
Support S1 8.43 -2.09%
S2 7.77 -9.76%
S3 6.58 -23.58%

002112 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 28, 2022 Jun 28, 2022 Jun 28, 2022 ¥0.0154 0.236%
2 Jun 29, 2016 Jun 29, 2016 Jun 29, 2016 ¥0.0077 0.0430%
3 Jul 02, 2015 Jul 02, 2015 Jul 02, 2015 ¥0.0077 0.0728%
4 Jul 11, 2014 Jul 11, 2014 Jul 11, 2014 ¥0.0077 0.121%
5 Jun 18, 2013 Jun 18, 2013 Jun 18, 2013 ¥0.0154 0.402%

FAQ

What is the symbol for San Bian Science& Technology Co Ltd Stock and on which exchange is it traded?
The symbol for San Bian Science& Technology Co Ltd is 002112.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell San Bian Science& Technology Co Ltd Stock?
San Bian Science& Technology Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe 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.

How to buy San Bian Science& Technology Co Ltd Stock?
San Bian Science& Technology Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy San Bian Science& Technology Co Ltd Stock.

What's the current price of San Bian Science& Technology Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an San Bian Science& Technology Co Ltd (002112.SZ) share was ¥8.61.

What is the 52-week high and low for San Bian Science& Technology Co Ltd Stock?
The 52-week high for San Bian Science& Technology Co Ltd Stock is ¥13.62 and the 52-week low is ¥6.09.

What is the market capitalization of San Bian Science& Technology Co Ltd Stock?
As of the 2024-03-28, the market capitalization of San Bian Science& Technology Co Ltd is 2.257B.
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About San Bian Science& Technology Co Ltd

San Bian Science& Technology Co Ltd SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. produces and sells large and medium size transformers in China and internationally. Its principal products include oil immersed power transformers, dry-type transformers, combined transformers, and special transformers, as well as low-voltage distribution equipment. The company was founded in 1968 and is based in Taizhou, China.... 002112.SZ Profile

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