Xiangtan Electrochemical Scie. Co., Ltd. Stock Forecast
High volatility in Xiangtan Electrochemical Scie. Co., Ltd. stock price on Tuesday which ended trading at ¥11.35
(Updated on Apr 30, 2024)
The Xiangtan Electrochemical Scie. Co., Ltd. stock price gained 4.13% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥10.90 to ¥11.35. It has now gained 3 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 18.94% from a day low at ¥9.61 to a day high of ¥11.43. The price has risen in 7 of the last 10 days and is up by 24.45% 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, 18 million more shares were traded than the day before. In total, 57 million shares were bought and sold for approximately ¥650.55 million.
Given the current short-term trend, the stock is expected to rise 26.65% during the next 3 months and, with a 90% probability hold a price between ¥11.35 and ¥14.37 at the end of this 3-month period.
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002125.SZ Signals & Forecast
The Xiangtan Electrochemical Scie. 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 ¥10.04 and ¥9.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 69.40%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Xiangtan Electrochemical Scie. Co., Ltd. stock
Xiangtan Electrochemical Scie. Co., Ltd. finds support from accumulated volume at ¥10.90 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 ¥1.82 between high and low, or 18.94%. For the last week, the stock has had daily average volatility of 10.69%.
Our recommended stop-loss: ¥10.91 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 55 days ago.)
Trading Expectations (002125.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Xiangtan Electrochemical Scie. Co., Ltd. to open at ¥10.80, and during the day (based on 14 day Average True Range), to move between ¥10.50 and ¥12.20, which gives a possible trading interval of +/-¥0.85 (+/-7.51%) up or down from last closing price. If Xiangtan Electrochemical Scie. Co., Ltd. takes out the full calculated possible swing range there will be an estimated 15.03% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥10.90, some ¥0.450 (3.96%) from the current price of ¥11.35, our system finds the risk reward attractive.
Is Xiangtan Electrochemical Scie. Co., Ltd. stock A Buy?
Xiangtan Electrochemical Scie. Co., Ltd. holds several positive signals and is within a strong 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: 7.563 Strong Buy Candidate Unchanged
Predicted Opening Price for Xiangtan Electrochemical Scie. Co., Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥10.80 ( 4.88%) | ¥11.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002125.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.62 | 11.16 % | |
| R2 | 11.92 | 5.03 % | ||
| R1 | 11.49 | 1.25 % | ||
| Current price: | 11.35 | |||
| Support | S1 | 10.10 | -11.00 % | |
| S2 | 9.67 | -14.78 % | ||
| S3 | 8.98 | -20.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 11.35 | |||
| Support | S1 | 10.90 | -3.96% | |
| S2 | 10.56 | -6.96% | ||
| S3 | 10.49 | -7.58% |
002125 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | ¥0.126 | 0.97% |
| 2 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | ¥0.0500 | 0.313% |
| 3 | May 18, 2021 | May 18, 2021 | May 18, 2021 | ¥0.0200 | 0.282% |
| 4 | Apr 16, 2019 | Apr 16, 2019 | Apr 16, 2019 | ¥0.0375 | 0.544% |
| 5 | Jun 18, 2012 | Jun 18, 2012 | Jun 18, 2012 | ¥0.0098 | 0.271% |
FAQ
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