Shenzhen Topband Co Ltd Stock Forecast
Volatile ride for Shenzhen Topband Co Ltd stock price on Friday moving between ¥9.25 and ¥10.28
(Updated on Apr 26, 2024)
No changes to the price of Shenzhen Topband Co Ltd stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 11.14% from a day low at ¥9.25 to a day high of ¥10.28. The price has risen in 5 of the last 10 days and is up by 9.57% over the past 2 weeks.
The stock lies in the upper part of a wide and strong rising 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 ¥10.23 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 30.73% during the next 3 months and, with a 90% probability hold a price between ¥11.38 and ¥13.38 at the end of this 3-month period.
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002139.SZ Signals & Forecast
The Shenzhen Topband 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 ¥9.76 and ¥9.27. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Shenzhen Topband Co Ltd stock
Shenzhen Topband Co Ltd finds support from accumulated volume at ¥10.08 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 ¥1.03 between high and low, or 11.14%. For the last week, the stock has had daily average volatility of 9.34%.
Our recommended stop-loss: ¥9.83 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (002139.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Shenzhen Topband Co Ltd to open at ¥9.91, and during the day (based on 14 day Average True Range), to move between ¥9.68 and ¥10.70, which gives a possible trading interval of +/-¥0.512 (+/-5.03%) up or down from last closing price. If Shenzhen Topband Co Ltd takes out the full calculated possible swing range there will be an estimated 10.06% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥10.08, some ¥0.110 (1.08%) from the current price of ¥10.19, our system finds the risk reward attractive.
Is Shenzhen Topband 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 Shenzhen Topband Co Ltd stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.799 Buy Candidate Downgraded
Predicted Opening Price for Shenzhen Topband Co Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥9.91 ( 2.78%) | ¥10.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002139.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.94 | 7.33 % | |
| R2 | 10.54 | 3.47 % | ||
| R1 | 10.30 | 1.08 % | ||
| Current price: | 10.19 | |||
| Support | S1 | 9.51 | -6.64 % | |
| S2 | 9.27 | -9.03 % | ||
| S3 | 8.88 | -12.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 10.19 | |||
| Support | S1 | 10.08 | -1.08% | |
| S2 | 10.01 | -1.77% | ||
| S3 | 9.33 | -8.44% |
002139 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 05, 2023 | May 05, 2023 | May 05, 2023 | ¥0.0600 | 0.555% |
| 2 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | ¥0.0500 | 0.631% |
| 3 | Apr 09, 2021 | Apr 09, 2021 | Apr 09, 2021 | ¥0.0500 | 0.427% |
| 4 | Jun 02, 2020 | Jun 02, 2020 | Jun 02, 2020 | ¥0.0500 | 0.91% |
| 5 | May 29, 2019 | May 29, 2019 | May 29, 2019 | ¥0.101 | 1.78% |
FAQ
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