Invengo Information Technology Co., Ltd Stock Forecast
Evaluation of Invengo Information Technology Co., Ltd stock downgraded after the last trading session.
(Updated on Jun 27, 2024)
The Invengo Information Technology Co., Ltd stock price fell by -2.15% on the last day (Thursday, 27th Jun 2024) from ¥4.65 to ¥4.55. During the last trading day the stock fluctuated 3.52% from a day low at ¥4.55 to a day high of ¥4.71. The price has fallen in 6 of the last 10 days but is still up by 1.11% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 10 million shares were bought and sold for approximately ¥46.79 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Invengo Information Technology Co., Ltd stock with a 90% probability to be traded between ¥3.73 and ¥5.01 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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002161.SZ Signals & Forecast
There are mixed signals in the stock today. The Invengo Information Technology 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 ¥4.58 and ¥4.73. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 10.17%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Invengo Information Technology Co., Ltd stock
Invengo Information Technology Co., Ltd finds support from accumulated volume at ¥4.41 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 ¥0.160 between high and low, or 3.52%. For the last week, the stock has had daily average volatility of 6.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002161.SZ) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Invengo Information Technology Co., Ltd to open at ¥4.60, and during the day (based on 14 day Average True Range), to move between ¥4.23 and ¥4.87, which gives a possible trading interval of +/-¥0.319 (+/-7.01%) up or down from last closing price. If Invengo Information Technology Co., Ltd takes out the full calculated possible swing range there will be an estimated 14.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.41 (3.08%) than the resistance at ¥5.00 (9.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Invengo Information Technology Co., Ltd stock A Buy?
Invengo Information Technology 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: -3.103 Sell Candidate Downgraded
Predicted Opening Price for Invengo Information Technology Co., Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ¥4.60 ( 1.17%) | ¥4.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002161.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.76 | 4.69% |
| R2 | 4.70 | 3.35% |
| R1 | 4.66 | 2.52% |
| Price | 4.55 | |
| S1 | 4.54 | -0.171% |
| S2 | 4.50 | -1.00% |
| S3 | 4.44 | -2.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.07 | 11.43% |
| R2 | 5.04 | 10.77% |
| R1 | 5.00 | 9.89% |
| Price | 4.55 | |
| S1 | 4.41 | -3.08% |
| S2 | 4.35 | -4.40% |
| S3 | 4.13 | -9.23% |
002161 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 20, 2024 | ¥0.0180 | 0.360% |
| 2 | Jul 04, 2017 | Jul 04, 2017 | Jul 04, 2017 | ¥0.0100 | 0.111% |
| 3 | May 31, 2016 | May 31, 2016 | May 31, 2016 | ¥0.0070 | 0.0491% |
| 4 | Jul 09, 2015 | Jul 09, 2015 | Jul 09, 2015 | ¥0.0070 | 0.0472% |
| 5 | Jun 18, 2014 | Jun 18, 2014 | Jun 18, 2014 | ¥0.0060 | 0.0882% |
FAQ
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