Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd Stock Forecast
High volatility in Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd stock price on Thursday which ended trading at ¥8.11
(Updated on Apr 25, 2024)
The Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd stock price gained 0.123% on the last trading day (Thursday, 25th Apr 2024), rising from ¥8.10 to ¥8.11. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 14.25% from a day low at ¥7.44 to a day high of ¥8.50. The price has risen in 6 of the last 10 days and is up by 2.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 million more shares were traded than the day before. In total, 131 million shares were bought and sold for approximately ¥1.06 billion.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 56.42% during the next 3 months and, with a 90% probability hold a price between ¥10.44 and ¥15.72 at the end of this 3-month period.
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002167.SZ Signals & Forecast
The Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd 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 ¥7.73 and ¥6.58. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, April 09, 2024, and so far it has fallen -12.80%. 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 Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd stock
Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd finds support from accumulated volume at ¥7.81 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥1.06 between high and low, or 14.25%. For the last week, the stock has had daily average volatility of 11.91%.
Our recommended stop-loss: ¥7.63 (-5.94%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (002167.SZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd to open at ¥8.02, and during the day (based on 14 day Average True Range), to move between ¥7.19 and ¥9.03, which gives a possible trading interval of +/-¥0.92 (+/-11.32%) up or down from last closing price. If Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd takes out the full calculated possible swing range there will be an estimated 22.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.81 (3.70%) than the resistance at ¥8.46 (4.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd 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 Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd stock to perform well in the short-term.
Current score: 2.027 Buy Candidate Unchanged
Predicted Opening Price for Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ¥8.02 ( 1.15%) | ¥8.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002167.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.08 | 11.92 % | |
| R2 | 8.67 | 6.93 % | ||
| R1 | 8.42 | 3.84 % | ||
| Current price: | 8.11 | |||
| Support | S1 | 7.61 | -6.14 % | |
| S2 | 7.36 | -9.23 % | ||
| S3 | 6.96 | -14.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.30 | 14.67 % | |
| R2 | 8.57 | 5.67 % | ||
| R1 | 8.46 | 4.32 % | ||
| Current price | 8.11 | |||
| Support | S1 | 7.81 | -3.70% | |
| S2 | 7.69 | -5.18% | ||
| S3 | 7.51 | -7.40% |
002167 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2012 | Jun 05, 2012 | Jun 05, 2012 | ¥0.0333 | 0.256% |
| 2 | Sep 17, 2009 | Sep 17, 2009 | Sep 17, 2009 | ¥0.0128 | 0.276% |
| 3 | Jul 14, 2008 | Jul 14, 2008 | Jul 14, 2008 | ¥0.0049 | 0.159% |
FAQ
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