Shen Zhen Mindata Holding Co Ltd Stock Forecast
Red day on Friday for Shen Zhen Mindata Holding Co Ltd
(Updated on May 10, 2024)
The Shen Zhen Mindata Holding Co Ltd stock price fell by -1.15% on the last day (Friday, 10th May 2024) from ¥5.21 to ¥5.15. During the last trading day the stock fluctuated 2.74% from a day low at ¥5.11 to a day high of ¥5.25. The price has risen in 7 of the last 10 days and is up by 10.28% over the past 2 weeks. Volume has increased on the last day by 852 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 million shares were bought and sold for approximately ¥38.32 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.35% during the next 3 months and, with a 90% probability hold a price between ¥4.16 and ¥5.64 at the end of this 3-month period.
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002137.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shen Zhen Mindata Holding Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥5.22 and ¥5.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -2.09%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Shen Zhen Mindata Holding Co Ltd stock
Shen Zhen Mindata Holding Co Ltd finds support from accumulated volume at ¥4.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ¥0.140 between high and low, or 2.74%. For the last week, the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002137.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Shen Zhen Mindata Holding Co Ltd to open at ¥5.17, and during the day (based on 14 day Average True Range), to move between ¥4.82 and ¥5.48, which gives a possible trading interval of +/-¥0.328 (+/-6.37%) up or down from last closing price. If Shen Zhen Mindata Holding Co Ltd takes out the full calculated possible swing range there will be an estimated 12.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥5.29 (2.72%) than the support at ¥4.96 (3.69%), 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 Shen Zhen Mindata Holding Co Ltd stock A Buy?
Shen Zhen Mindata Holding 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.
Current score: -2.396 Sell Candidate Unchanged
Predicted Opening Price for Shen Zhen Mindata Holding Co Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ¥5.17 ( 0.388%) | ¥5.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002137.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.31 | 3.11 % | |
| R2 | 5.26 | 2.07 % | ||
| R1 | 5.22 | 1.43 % | ||
| Current price: | 5.15 | |||
| Support | S1 | 5.12 | -0.650 % | |
| S2 | 5.08 | -1.29 % | ||
| S3 | 5.03 | -2.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.83 | 13.20 % | |
| R2 | 5.58 | 8.35 % | ||
| R1 | 5.29 | 2.72 % | ||
| Current price | 5.15 | |||
| Support | S1 | 4.96 | -3.69% | |
| S2 | 4.67 | -9.32% | ||
| S3 | 4.52 | -12.23% |
002137 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2013 | May 06, 2013 | May 06, 2013 | ¥0.0200 | 0.521% |
| 2 | Apr 10, 2012 | Apr 10, 2012 | Apr 10, 2012 | ¥0.0593 | 0.98% |
| 3 | Sep 29, 2010 | Sep 29, 2010 | Sep 29, 2010 | ¥0.0617 | 0.93% |
| 4 | Apr 22, 2009 | Apr 22, 2009 | Apr 22, 2009 | ¥0.0617 | 1.35% |
| 5 | May 13, 2008 | May 13, 2008 | May 13, 2008 | ¥0.0950 | 1.43% |
FAQ
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