Shenzhen Batian Ecotypic Engineering Co Stock Forecast
Shenzhen Batian Ecotypic Engineering Co stock price ended at ¥6.33 on Friday, after losing 0.472%.
(Updated on May 24, 2024)
The Shenzhen Batian Ecotypic Engineering Co stock price fell by -0.472% on the last day (Friday, 24th May 2024) from ¥6.36 to ¥6.33. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.36% from a day low at ¥6.25 to a day high of ¥6.46. The price has risen in 6 of the last 10 days and is up by 3.94% over the past 2 weeks. Volume has increased on the last day by 93 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 16 million shares were bought and sold for approximately ¥100.17 million.
The stock lies in the middle of a 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 24.44% during the next 3 months and, with a 90% probability hold a price between ¥7.40 and ¥8.18 at the end of this 3-month period.
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002170.SZ Signals & Forecast
The Shenzhen Batian Ecotypic Engineering Co stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥6.37. On a fall, the stock will find some support from the long-term average at approximately ¥6.12. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, May 21, 2024, and so far it has fallen -2.76%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Shenzhen Batian Ecotypic Engineering Co stock
Shenzhen Batian Ecotypic Engineering Co finds support from accumulated volume at ¥6.24 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 ¥0.210 between high and low, or 3.36%. For the last week, the stock has had daily average volatility of 4.36%.
Our recommended stop-loss: ¥6.13 (-3.12%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (002170.SZ) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Shenzhen Batian Ecotypic Engineering Co to open at ¥6.35, and during the day (based on 14 day Average True Range), to move between ¥6.07 and ¥6.59, which gives a possible trading interval of +/-¥0.255 (+/-4.03%) up or down from last closing price. If Shenzhen Batian Ecotypic Engineering Co takes out the full calculated possible swing range there will be an estimated 8.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥6.41 (1.26%) than the support at ¥6.24 (1.42%), 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.
Is Shenzhen Batian Ecotypic Engineering Co 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 Shenzhen Batian Ecotypic Engineering Co stock to perform well in the short-term.
Current score: 1.523 Buy Candidate Unchanged
Predicted Opening Price for Shenzhen Batian Ecotypic Engineering Co of Tuesday, May 28, 2024
Fair opening price May 28, 2024 | Current price |
---|---|
¥6.35 ( 0.263%) | ¥6.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002170.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.56 | 3.58 % | |
R2 | 6.48 | 2.31 % | ||
R1 | 6.43 | 1.53 % | ||
Current price: | 6.33 | |||
Support | S1 | 6.27 | -1.00 % | |
S2 | 6.22 | -1.79 % | ||
S3 | 6.14 | -3.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.51 | 2.84 % | |
R2 | 6.49 | 2.53 % | ||
R1 | 6.41 | 1.26 % | ||
Current price | 6.33 | |||
Support | S1 | 6.24 | -1.42% | |
S2 | 6.04 | -4.58% | ||
S3 | 5.93 | -6.32% |
002170 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | ¥0.0150 | 0.230% |
2 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | ¥0.0100 | 0.156% |
3 | Jun 28, 2021 | Jun 28, 2021 | Jun 28, 2021 | ¥0.0100 | 0.260% |
4 | Jul 07, 2020 | Jul 07, 2020 | Jul 07, 2020 | ¥0.0060 | 0.150% |
5 | Jun 12, 2017 | Jun 12, 2017 | Jun 12, 2017 | ¥0.0400 | 0.550% |
FAQ
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