RSI low/high Values: [ 25 - 75 ]
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AI Analysis of 002141.SZ
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Green day on Thursday for Infund Holding Co Ltd
(Updated on Mar 28, 2024)

Sell candidate since Mar 27, 2024 Gain 2.03% PDF

The Infund Holding Co Ltd stock price gained 2.03% on the last trading day (Thursday, 28th Mar 2024), rising from ¥1.97 to ¥2.01. During the last trading day the stock fluctuated 4.08% from a day low at ¥1.96 to a day high of ¥2.04. The price has risen in 6 of the last 10 days and is up by 9.24% over the past 2 weeks. Volume fell on the last day by -6 million shares and in total, 31 million shares were bought and sold for approximately ¥63.04 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a very wide and falling 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 ¥2.06 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -40.59% during the next 3 months and, with a 90% probability hold a price between ¥0.391 and ¥1.22 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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002141.SZ Signals & Forecast

The Infund Holding Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥2.08. On a fall, the stock will find some support from the long-term average at approximately ¥1.87. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, March 20, 2024, and so far it has fallen -8.64%. 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 Infund Holding Co Ltd stock

Infund Holding Co Ltd finds support from accumulated volume at ¥1.97 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 ¥0.0800 between high and low, or 4.08%. For the last week, the stock has had daily average volatility of 6.91%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (002141.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Infund Holding Co Ltd to open at ¥2.00, and during the day (based on 14 day Average True Range), to move between ¥1.87 and ¥2.15, which gives a possible trading interval of +/-¥0.144 (+/-7.18%) up or down from last closing price. If Infund Holding Co Ltd takes out the full calculated possible swing range there will be an estimated 14.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥1.97 (1.99%) than the resistance at ¥2.06 (2.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Infund Holding Co Ltd stock A Buy?

Infund 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: -2.528 Sell Candidate Unchanged

Predicted Opening Price for Infund Holding Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥2.00 ( 0.332%) ¥2.01

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 002141.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.08 3.65 %
R2 2.05 2.13 %
R1 2.03 1.19 %
Current price: 2.01
Support S1 1.97 -1.85 %
S2 1.95 -2.79 %
S3 1.92 -4.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.20 9.45 %
R2 2.14 6.47 %
R1 2.06 2.49 %
Current price 2.01
Support S1 1.97 -1.99%
S2 1.89 -5.97%
S3 1.86 -7.46%

002141 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 13, 2018 Jul 13, 2018 Jul 13, 2018 ¥0.0010 0.0247%
2 Jul 07, 2017 Jul 07, 2017 Jul 07, 2017 ¥0.0020 0.0280%
3 Jul 09, 2014 Jul 09, 2014 Jul 09, 2014 ¥0.0286 1.10%
4 Jun 10, 2011 Jun 10, 2011 Jun 10, 2011 ¥0.0114 0.526%
5 Jul 21, 2008 Jul 21, 2008 Jul 21, 2008 ¥0.0191 1.43%

FAQ

What is the symbol for Infund Holding Co Ltd Stock and on which exchange is it traded?
The symbol for Infund Holding Co Ltd is 002141.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Infund Holding Co Ltd Stock?
Infund 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.

How to buy Infund Holding Co Ltd Stock?
Infund Holding Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Infund Holding Co Ltd Stock.

What's the current price of Infund Holding Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Infund Holding Co Ltd (002141.SZ) share was ¥2.01.

What is the 52-week high and low for Infund Holding Co Ltd Stock?
The 52-week high for Infund Holding Co Ltd Stock is ¥4.28 and the 52-week low is ¥1.28.

What is the market capitalization of Infund Holding Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Infund Holding Co Ltd is 2.281B.
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About Infund Holding Co Ltd

Infund Holding Co., Ltd. develops, manufactures, and sells fine and special enameled wires for electronic information, automobile, household appliance, and defense technology industries primarily in China, Southeast Asia, and Europe. It offers polyurethane enameled copper round wires for use in small motors, small transformers, magnetic heads, telecommunication equipment coils, ignition coils, micro-motors, mini-transformers, and water valves, as... 002141.SZ Profile

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