RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 002176.SZ
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Green day on Thursday for Jiangxi Special Electric Motor Co Ltd
(Updated on Mar 28, 2024)

Sell candidate since Mar 27, 2024 Gain 1.51% PDF

The Jiangxi Special Electric Motor Co Ltd stock price gained 1.51% on the last trading day (Thursday, 28th Mar 2024), rising from ¥9.29 to ¥9.43. During the last trading day the stock fluctuated 5.31% from a day low at ¥9.22 to a day high of ¥9.71. The price has been going up and down for this period, and there has been a -8.18% loss for the last 2 weeks. Volume fell on the last day by -9 million shares and in total, 28 million shares were bought and sold for approximately ¥260.54 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.17% during the next 3 months and, with a 90% probability hold a price between ¥4.68 and ¥8.29 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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002176.SZ Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 18.32%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jiangxi Special Electric Motor Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥9.88 and ¥9.85. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Jiangxi Special Electric Motor Co Ltd stock

Jiangxi Special Electric Motor Co Ltd finds support from accumulated volume at ¥9.04 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 ¥0.490 between high and low, or 5.31%. For the last week, the stock has had daily average volatility of 4.86%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (002176.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Jiangxi Special Electric Motor Co Ltd to open at ¥9.45, and during the day (based on 14 day Average True Range), to move between ¥9.00 and ¥9.86, which gives a possible trading interval of +/-¥0.426 (+/-4.52%) up or down from last closing price. If Jiangxi Special Electric Motor Co Ltd takes out the full calculated possible swing range there will be an estimated 9.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥9.81 (4.03%) than the support at ¥9.04 (4.14%), 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 Jiangxi Special Electric Motor Co Ltd stock A Buy?

Jiangxi Special Electric Motor Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.564 Sell Candidate Unchanged

Predicted Opening Price for Jiangxi Special Electric Motor Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥9.45 ( 0.247%) ¥9.43

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 002176.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.94 5.44 %
R2 9.76 3.46 %
R1 9.64 2.23 %
Current price: 9.43
Support S1 9.27 -1.74 %
S2 9.15 -2.96 %
S3 8.96 -4.95 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.85 15.06 %
R2 10.50 11.35 %
R1 9.81 4.03 %
Current price 9.43
Support S1 9.04 -4.14%
S2 8.97 -4.88%
S3 7.97 -15.48%

002176 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 25, 2018 May 25, 2018 May 25, 2018 ¥0.0200 0.190%
2 Jun 27, 2017 Jun 27, 2017 Jun 27, 2017 ¥0.0140 0.157%
3 Sep 25, 2015 Sep 25, 2015 Sep 25, 2015 ¥0.0045 0.0179%
4 May 20, 2015 May 20, 2015 May 20, 2015 ¥0.0045 0.0412%
5 May 12, 2014 May 12, 2014 May 12, 2014 ¥0.0065 0.133%

FAQ

What is the symbol for Jiangxi Special Electric Motor Co Ltd Stock and on which exchange is it traded?
The symbol for Jiangxi Special Electric Motor Co Ltd is 002176.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Jiangxi Special Electric Motor Co Ltd Stock?
Jiangxi Special Electric Motor Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Jiangxi Special Electric Motor Co Ltd Stock?
Jiangxi Special Electric Motor Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Jiangxi Special Electric Motor Co Ltd Stock.

What's the current price of Jiangxi Special Electric Motor Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Jiangxi Special Electric Motor Co Ltd (002176.SZ) share was ¥9.43.

What is the 52-week high and low for Jiangxi Special Electric Motor Co Ltd Stock?
The 52-week high for Jiangxi Special Electric Motor Co Ltd Stock is ¥15.77 and the 52-week low is ¥7.74.

What is the market capitalization of Jiangxi Special Electric Motor Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Jiangxi Special Electric Motor Co Ltd is 16.026B.
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About Jiangxi Special Electric Motor Co Ltd

Jiangxi Special Electric Motor Co.,Ltd researches, develops, produces, and sells special motors and lithium battery energy series products in China. The company offers motors for lifting and metallurgical applications, building motors, high voltage motors, port and marine motors, motors for wind power, elevator motors, explosion-proof motors, and general purpose motors, as well as reducers and hydraulic products. It also provides electric vehicle... 002176.SZ Profile

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