Shanghai Hi-Tech Control System Co., Ltd Stock Forecast
Shanghai Hi-Tech Control System Co., Ltd stock price down 0.172% on Thursday
(Updated on Apr 25, 2024)
The Shanghai Hi-Tech Control System Co., Ltd stock price fell by -0.172% on the last day (Thursday, 25th Apr 2024) from ¥11.66 to ¥11.64. During the last trading day the stock fluctuated 5.86% from a day low at ¥11.10 to a day high of ¥11.75. The price has fallen in 6 of the last 10 days and is down by -4.43% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 4 million shares were bought and sold for approximately ¥48.61 million.
The stock lies in the middle of a very wide and weak 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 2.71% during the next 3 months and, with a 90% probability hold a price between ¥10.27 and ¥14.06 at the end of this 3-month period.
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002184.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.58%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shanghai Hi-Tech Control System Co., Ltd 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 ¥12.43. On a fall, the stock will find some support from the short-term average at ¥11.34. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Shanghai Hi-Tech Control System Co., Ltd stock
Shanghai Hi-Tech Control System Co., Ltd finds support from accumulated volume at ¥11.38 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 ¥0.650 between high and low, or 5.86%. For the last week, the stock has had daily average volatility of 6.27%.
Our recommended stop-loss: ¥11.14 (-4.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (002184.SZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Shanghai Hi-Tech Control System Co., Ltd to open at ¥11.50, and during the day (based on 14 day Average True Range), to move between ¥10.88 and ¥12.40, which gives a possible trading interval of +/-¥0.755 (+/-6.49%) up or down from last closing price. If Shanghai Hi-Tech Control System Co., Ltd takes out the full calculated possible swing range there will be an estimated 12.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥11.38 (2.23%) than the resistance at ¥12.19 (4.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shanghai Hi-Tech Control System Co., Ltd stock A Buy?
Shanghai Hi-Tech Control System Co., Ltd 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: -0.394 Hold/Accumulate Unchanged
Predicted Opening Price for Shanghai Hi-Tech Control System Co., Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ¥11.50 ( 1.23%) | ¥11.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002184.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.15 | 4.35 % | |
| R2 | 11.90 | 2.22 % | ||
| R1 | 11.74 | 0.90 % | ||
| Current price: | 11.64 | |||
| Support | S1 | 11.25 | -3.36 % | |
| S2 | 11.09 | -4.68 % | ||
| S3 | 10.85 | -6.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.04 | 12.03 % | |
| R2 | 12.88 | 10.65 % | ||
| R1 | 12.19 | 4.73 % | ||
| Current price | 11.64 | |||
| Support | S1 | 11.38 | -2.23% | |
| S2 | 11.37 | -2.32% | ||
| S3 | 11.22 | -3.61% |
002184 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | ¥0.100 | 0.676% |
| 2 | Jul 22, 2022 | Jul 22, 2022 | Jul 22, 2022 | ¥0.200 | 1.53% |
| 3 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | ¥0.0680 | 0.563% |
| 4 | Jul 06, 2020 | Jul 06, 2020 | Jul 06, 2020 | ¥0.0680 | 0.672% |
| 5 | May 03, 2018 | May 03, 2018 | May 03, 2018 | ¥0.0680 | 0.637% |
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