Shenzhen Woer Heat-Shrinkable Mat Co Ltd Stock Forecast
High volatility in Shenzhen Woer Heat-Shrinkable Mat Co Ltd stock price on Friday which ended trading at ¥13.46
(Updated on Apr 26, 2024)
The Shenzhen Woer Heat-Shrinkable Mat Co Ltd stock price gained 8.37% on the last trading day (Friday, 26th Apr 2024), rising from ¥12.42 to ¥13.46. During the last trading day the stock fluctuated 11.06% from a day low at ¥12.30 to a day high of ¥13.66. The price has risen in 6 of the last 10 days and is up by 26.15% 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, 70 million more shares were traded than the day before. In total, 266 million shares were bought and sold for approximately ¥3.58 billion.
The stock lies in the middle of a very 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 112.05% during the next 3 months and, with a 90% probability hold a price between ¥23.84 and ¥31.07 at the end of this 3-month period.
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002130.SZ Signals & Forecast
The Shenzhen Woer Heat-Shrinkable Mat 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 ¥12.54 and ¥10.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 39.63%. 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 Shenzhen Woer Heat-Shrinkable Mat Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥11.19 and ¥11.15. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Shenzhen Woer Heat-Shrinkable Mat Co Ltd finds support just below today's level at ¥11.19. If this is broken, then the next support from accumulated volume will be at ¥11.15 and ¥10.77.
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 ¥1.36 between high and low, or 11.06%. For the last week, the stock has had daily average volatility of 8.60%.
Our recommended stop-loss: ¥12.99 (-3.52%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (002130.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Shenzhen Woer Heat-Shrinkable Mat Co Ltd to open at ¥13.14, and during the day (based on 14 day Average True Range), to move between ¥12.27 and ¥14.65, which gives a possible trading interval of +/-¥1.19 (+/-8.81%) up or down from last closing price. If Shenzhen Woer Heat-Shrinkable Mat Co Ltd takes out the full calculated possible swing range there will be an estimated 17.62% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥11.19, some ¥2.27 (16.86%) from the current price of ¥13.46, our system finds the risk reward attractive.
Is Shenzhen Woer Heat-Shrinkable Mat Co Ltd stock A Buy?
Shenzhen Woer Heat-Shrinkable Mat 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.356 Strong Buy Candidate Upgraded
Predicted Opening Price for Shenzhen Woer Heat-Shrinkable Mat Co Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥13.14 ( 2.38%) | ¥13.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002130.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.50 | 7.73 % | |
| R2 | 13.98 | 3.87 % | ||
| R1 | 13.66 | 1.48 % | ||
| Current price: | 13.46 | |||
| Support | S1 | 12.62 | -6.24 % | |
| S2 | 12.30 | -8.62 % | ||
| S3 | 11.78 | -12.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 13.46 | |||
| Support | S1 | 11.19 | -16.86% | |
| S2 | 11.15 | -17.16% | ||
| S3 | 10.77 | -19.99% |
002130 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2023 | May 29, 2023 | May 29, 2023 | ¥0.0400 | 0.574% |
| 2 | Jun 13, 2022 | Jun 13, 2022 | Jun 13, 2022 | ¥0.0350 | 0.619% |
| 3 | Mar 19, 2021 | Mar 19, 2021 | Mar 19, 2021 | ¥0.0300 | 0.448% |
| 4 | May 21, 2020 | May 21, 2020 | May 21, 2020 | ¥0.0200 | 0.442% |
| 5 | Jun 07, 2018 | Jun 07, 2018 | Jun 07, 2018 | ¥0.0200 | 0.374% |
FAQ
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