Wuhan Sante Cableways Group Co Ltd Stock Forecast
Wuhan Sante Cableways Group Co Ltd stock price down 0% on Thursday
(Updated on May 09, 2024)
No changes to the price of Wuhan Sante Cableways Group Co Ltd stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 3.20% from a day low at ¥15.02 to a day high of ¥15.50. The price has fallen in 6 of the last 10 days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥14.74 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.34% during the next 3 months and, with a 90% probability hold a price between ¥17.01 and ¥20.84 at the end of this 3-month period.
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002159.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Wuhan Sante Cableways Group 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 ¥15.38 and ¥15.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -12.73%. 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). 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 Wuhan Sante Cableways Group Co Ltd stock
Wuhan Sante Cableways Group Co Ltd finds support from accumulated volume at ¥14.75 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 ¥0.480 between high and low, or 3.20%. For the last week, the stock has had daily average volatility of 3.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002159.SZ) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Wuhan Sante Cableways Group Co Ltd to open at ¥15.22, and during the day (based on 14 day Average True Range), to move between ¥14.17 and ¥16.13, which gives a possible trading interval of +/-¥0.98 (+/-6.49%) up or down from last closing price. If Wuhan Sante Cableways Group Co Ltd takes out the full calculated possible swing range there will be an estimated 12.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥14.75 (2.64%) than the resistance at ¥16.13 (6.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wuhan Sante Cableways Group Co Ltd stock A Buy?
The Wuhan Sante Cableways Group Co Ltd stock holds several negative signals and despite the positive trend, we believe Wuhan Sante Cableways Group Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.375 Sell Candidate Unchanged
Predicted Opening Price for Wuhan Sante Cableways Group Co Ltd of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ¥15.22 ( 0.484%) | ¥15.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002159.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.70 | 3.65 % | |
| R2 | 15.52 | 2.44 % | ||
| R1 | 15.41 | 1.69 % | ||
| Current price: | 15.15 | |||
| Support | S1 | 15.04 | -0.726 % | |
| S2 | 14.93 | -1.47 % | ||
| S3 | 14.74 | -2.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.36 | 14.59 % | |
| R2 | 17.34 | 14.46 % | ||
| R1 | 16.13 | 6.47 % | ||
| Current price | 15.15 | |||
| Support | S1 | 14.75 | -2.64% | |
| S2 | 14.40 | -4.95% | ||
| S3 | 13.75 | -9.24% |
002159 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2014 | Apr 18, 2014 | Apr 18, 2014 | ¥0.0500 | 0.281% |
| 2 | Jun 07, 2013 | Jun 07, 2013 | Jun 07, 2013 | ¥0.0600 | 0.362% |
| 3 | Jun 17, 2011 | Jun 17, 2011 | Jun 17, 2011 | ¥0.0500 | 0.391% |
| 4 | May 07, 2010 | May 07, 2010 | May 07, 2010 | ¥0.0500 | 0.294% |
| 5 | May 16, 2008 | May 16, 2008 | May 16, 2008 | ¥0.0133 | 0.143% |
FAQ
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