Shenzhen Batian Ecotypic Engineering Co Stock Forecast
Shenzhen Batian Ecotypic Engineering Co stock price ended at ¥6.11 on Wednesday, after losing 1.29%.
(Updated on Jul 03, 2024)
The Shenzhen Batian Ecotypic Engineering Co stock price fell by -1.29% on the last day (Wednesday, 3rd Jul 2024) from ¥6.19 to ¥6.11. During the last trading day the stock fluctuated 5.71% from a day low at ¥5.95 to a day high of ¥6.29. The price has been going up and down for this period, and there has been a -2.4% loss for the last 2 weeks. Volume has increased on the last day by 2 million 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, 10 million shares were bought and sold for approximately ¥63.55 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Shenzhen Batian Ecotypic Engineering Co stock with a 90% probability to be traded between ¥5.80 and ¥6.63 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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002170.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 3.21%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shenzhen Batian Ecotypic Engineering Co stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥6.16. On a fall, the stock will find some support from the short-term average at ¥6.07. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 ¥6.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.340 between high and low, or 5.71%. For the last week the stock has had daily average volatility of 4.31%.
Our recommended stop-loss: ¥5.84 (-4.49%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (002170.SZ) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Shenzhen Batian Ecotypic Engineering Co to open at ¥6.12, and during the day (based on 14 day Average True Range), to move between ¥5.87 and ¥6.35, which gives a possible trading interval of +/-¥0.238 (+/-3.90%) 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 7.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥6.12 (0.16%) than the support at ¥6.09 (0.33%), 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?
Shenzhen Batian Ecotypic Engineering Co holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.764 Hold/Accumulate Unchanged
Predicted Opening Price for Shenzhen Batian Ecotypic Engineering Co of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ¥6.12 ( 0.109%) | ¥6.11 |
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 | |
|---|---|---|
| R3 | 6.46 | 5.67% |
| R2 | 6.33 | 3.55% |
| R1 | 6.25 | 2.23% |
| Price | 6.11 | |
| S1 | 5.99 | -2.02% |
| S2 | 5.91 | -3.33% |
| S3 | 5.78 | -5.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.24 | 2.13% |
| R2 | 6.15 | 0.655% |
| R1 | 6.12 | 0.164% |
| Price | 6.11 | |
| S1 | 6.09 | -0.327% |
| S2 | 6.04 | -1.15% |
| S3 | 5.93 | -2.95% |
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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