China Haisum Engineering Co., Ltd. Stock Forecast
China Haisum Engineering Co., Ltd. stock price ended at ¥11.02 on Friday, after gaining 1.75%.
(Updated on May 10, 2024)
The China Haisum Engineering Co., Ltd. stock price gained 1.75% on the last trading day (Friday, 10th May 2024), rising from ¥10.83 to ¥11.02. During the last trading day the stock fluctuated 4.24% from a day low at ¥10.61 to a day high of ¥11.06. The price has fallen in 6 of the last 10 days and is down by -4.51% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 20 million shares were bought and sold for approximately ¥215.25 million.
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 12.42% during the next 3 months and, with a 90% probability hold a price between ¥11.64 and ¥13.85 at the end of this 3-month period.
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002116.SZ Signals & Forecast
The China Haisum Engineering 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 ¥11.00 and ¥10.81. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, April 17, 2024, and so far it has fallen -7.94%. 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 China Haisum Engineering Co., Ltd. stock
China Haisum Engineering Co., Ltd. finds support from accumulated volume at ¥10.52 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 ¥0.450 between high and low, or 4.24%. For the last week, the stock has had daily average volatility of 5.04%.
Our recommended stop-loss: ¥10.45 (-5.21%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (002116.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect China Haisum Engineering Co., Ltd. to open at ¥10.90, and during the day (based on 14 day Average True Range), to move between ¥10.35 and ¥11.69, which gives a possible trading interval of +/-¥0.666 (+/-6.04%) up or down from last closing price. If China Haisum Engineering Co., Ltd. takes out the full calculated possible swing range there will be an estimated 12.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥11.43 (3.72%) than the support at ¥10.52 (4.54%), 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 China Haisum Engineering Co., Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for China Haisum Engineering Co., Ltd. stock to perform well in the short-term.
Current score: 3.053 Buy Candidate Unchanged
Predicted Opening Price for China Haisum Engineering Co., Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ¥10.90 ( 1.12%) | ¥11.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002116.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.35 | 2.96 % | |
| R2 | 11.17 | 1.40 % | ||
| R1 | 11.07 | 0.441 % | ||
| Current price: | 11.02 | |||
| Support | S1 | 10.72 | -2.68 % | |
| S2 | 10.62 | -3.64 % | ||
| S3 | 10.45 | -5.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.97 | 8.62 % | |
| R2 | 11.53 | 4.63 % | ||
| R1 | 11.43 | 3.72 % | ||
| Current price | 11.02 | |||
| Support | S1 | 10.52 | -4.54% | |
| S2 | 10.35 | -6.08% | ||
| S3 | 10.19 | -7.53% |
002116 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2023 | May 29, 2023 | May 29, 2023 | ¥0.185 | 1.68% |
| 2 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | ¥0.143 | 1.55% |
| 3 | Jun 23, 2021 | Jun 23, 2021 | Jun 23, 2021 | ¥0.0838 | 1.33% |
| 4 | Jun 30, 2020 | Jun 30, 2020 | Jun 30, 2020 | ¥0.0671 | 0.96% |
| 5 | Jun 28, 2019 | Jun 28, 2019 | Jun 28, 2019 | ¥0.250 | 2.42% |
FAQ
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