Infund Holding Co Ltd Stock Forecast
Infund Holding Co Ltd stock downgraded to Sell Candidate
(Updated on Jul 02, 2024)
No changes to the price of Infund Holding Co Ltd stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 5.10% from a day low at ¥0.98 to a day high of ¥1.03. The price has risen in 5 of the last 10 days and is up by 2.02% over the past 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ¥0.98, a level that may pose a second chance to hit a runner. According to fan-theory ¥1.50 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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002141.SZ Signals & Forecast
The Infund Holding Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥0.98 and ¥0.99. 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, May 23, 2024, and so far it has fallen -17.21%. 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 Infund Holding Co Ltd stock
Infund Holding Co Ltd finds support from accumulated volume at ¥0.97 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 ¥0.0500 between high and low, or 5.10%. For the last week, the stock has had daily average volatility of 12.62%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Infund Holding Co Ltd to open at ¥1.01, and during the day (based on 14 day Average True Range), to move between ¥0.88 and ¥1.14, which gives a possible trading interval of +/-¥0.130 (+/-12.83%) 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 25.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥0.97 (3.96%) than the resistance at ¥1.09 (7.92%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.250 Sell Candidate Downgraded
Predicted Opening Price for Infund Holding Co Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ¥1.01 ( 0.330%) | ¥1.01 |
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 | |
|---|---|---|
| R3 | 1.06 | 4.62% |
| R2 | 1.04 | 2.73% |
| R1 | 1.03 | 1.56% |
| Price | 1.01 | |
| S1 | 0.99 | -2.22% |
| S2 | 0.98 | -3.39% |
| S3 | 0.96 | -5.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.16 | 14.85% |
| R2 | 1.12 | 10.89% |
| R1 | 1.09 | 7.92% |
| Price | 1.01 | |
| S1 | 0.97 | -3.96% |
| S2 | 0.96 | -4.95% |
| S3 | 0.95 | -5.94% |
002141 Dividend Payout History
| # | 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
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