China Quanjude Group Co Ltd Stock Forecast
China Quanjude Group Co Ltd stock price up 1.85% on Tuesday
(Updated on Apr 30, 2024)
The China Quanjude Group Co Ltd stock price gained 1.85% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥10.29 to ¥10.48. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.01% from a day low at ¥9.99 to a day high of ¥10.69. The price has risen in 8 of the last 10 days and is up by 9.97% 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, 5 million more shares were traded than the day before. In total, 15 million shares were bought and sold for approximately ¥155.44 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 11.59% during the next 3 months and, with a 90% probability hold a price between ¥10.87 and ¥13.00 at the end of this 3-month period.
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002186.SZ Signals & Forecast
The China Quanjude Group Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥10.13 and ¥10.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.97%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for China Quanjude Group Co Ltd stock
China Quanjude Group Co Ltd finds support from accumulated volume at ¥10.19 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 ¥0.700 between high and low, or 7.01%. For the last week, the stock has had daily average volatility of 4.29%.
Our recommended stop-loss: ¥10.04 (-4.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (002186.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect China Quanjude Group Co Ltd to open at ¥10.39, and during the day (based on 14 day Average True Range), to move between ¥9.79 and ¥11.17, which gives a possible trading interval of +/-¥0.691 (+/-6.59%) up or down from last closing price. If China Quanjude Group Co Ltd takes out the full calculated possible swing range there will be an estimated 13.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥10.19 (2.77%) than the resistance at ¥11.24 (7.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is China Quanjude Group Co Ltd stock A Buy?
China Quanjude Group 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: 0.809 Hold/Accumulate Unchanged
Predicted Opening Price for China Quanjude Group Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥10.39 ( 0.89%) | ¥10.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002186.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.09 | 5.79 % | |
| R2 | 10.82 | 3.24 % | ||
| R1 | 10.65 | 1.66 % | ||
| Current price: | 10.48 | |||
| Support | S1 | 10.12 | -3.44 % | |
| S2 | 9.95 | -5.02 % | ||
| S3 | 9.69 | -7.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.38 | 8.59 % | |
| R2 | 11.26 | 7.44 % | ||
| R1 | 11.24 | 7.25 % | ||
| Current price | 10.48 | |||
| Support | S1 | 10.19 | -2.77% | |
| S2 | 9.95 | -5.06% | ||
| S3 | 9.33 | -10.97% |
002186 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 24, 2020 | Jun 24, 2020 | Jun 24, 2020 | ¥0.0600 | 0.566% |
| 2 | Jun 06, 2019 | Jun 06, 2019 | Jun 06, 2019 | ¥0.180 | 1.60% |
| 3 | Jun 08, 2018 | Jun 08, 2018 | Jun 08, 2018 | ¥0.260 | 1.64% |
| 4 | Jun 09, 2017 | Jun 09, 2017 | Jun 09, 2017 | ¥0.240 | 1.24% |
| 5 | Jun 08, 2016 | Jun 08, 2016 | Jun 08, 2016 | ¥0.220 | 1.17% |
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