Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd Stock Forecast
Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd stock price up more than 6.62% on Monday
(Updated on May 06, 2024)
The Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd stock price gained 6.62% on the last trading day (Monday, 6th May 2024), rising from ¥7.86 to ¥8.38. During the last trading day the stock fluctuated 6.84% from a day low at ¥7.89 to a day high of ¥8.43. The price has risen in 7 of the last 10 days and is up by 22.69% 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, 14 million more shares were traded than the day before. In total, 109 million shares were bought and sold for approximately ¥912.20 million.
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 64.65% during the next 3 months and, with a 90% probability hold a price between ¥11.94 and ¥17.33 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 ¥8.13 and ¥6.91. 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 -9.89%. 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 ¥8.10 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 ¥0.540 between high and low, or 6.84%. For the last week, the stock has had daily average volatility of 9.94%.
Our recommended stop-loss: ¥7.99 (-4.67%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (002167.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd to open at ¥8.23, and during the day (based on 14 day Average True Range), to move between ¥7.53 and ¥9.23, which gives a possible trading interval of +/-¥0.85 (+/-10.20%) 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 20.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥8.46 (0.95%) than the support at ¥8.10 (3.34%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.17% in the first trading day after earnings release.
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: 2.546 Buy Candidate Unchanged
Predicted Opening Price for Guangdong Ornt Zrcnc Ind Sci & Tec CoLtd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥8.23 ( 1.75%) | ¥8.38 |
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 | 8.77 | 4.69 % | |
| R2 | 8.57 | 2.23 % | ||
| R1 | 8.44 | 0.711 % | ||
| Current price: | 8.38 | |||
| Support | S1 | 8.03 | -4.21 % | |
| S2 | 7.90 | -5.73 % | ||
| S3 | 7.69 | -8.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.30 | 10.98 % | |
| R2 | 8.57 | 2.27 % | ||
| R1 | 8.46 | 0.95 % | ||
| Current price | 8.38 | |||
| Support | S1 | 8.10 | -3.34% | |
| S2 | 7.81 | -6.80% | ||
| S3 | 7.69 | -8.23% |
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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