Guangzhou Grandbuy Co., Ltd. Stock Forecast
Stronger technical forecast for Guangzhou Grandbuy Co., Ltd. stock price after Monday trading.
(Updated on May 20, 2024)
No changes to the price of Guangzhou Grandbuy Co., Ltd. stock on the last trading day (Monday, 20th May 2024). During the last trading day the stock fluctuated 1.35% from a day low at ¥5.19 to a day high of ¥5.26. The price has been going up and down for this period, and there has been a 2.15% gain for the last 2 weeks.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Guangzhou Grandbuy Co., Ltd. stock with a 90% probability to be traded between ¥4.70 and ¥5.96 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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002187.SZ Signals & Forecast
Mostly positive signals in the chart today. The Guangzhou Grandbuy 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 ¥5.16 and ¥5.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 10.83%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Support, Risk & Stop-loss for Guangzhou Grandbuy Co., Ltd. stock
Guangzhou Grandbuy Co., Ltd. finds support from accumulated volume at ¥5.03 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 ¥0.0700 between high and low, or 1.35%. For the last week, the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: ¥4.96 (-4.95%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (002187.SZ) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Guangzhou Grandbuy Co., Ltd. to open at ¥5.22, and during the day (based on 14 day Average True Range), to move between ¥5.00 and ¥5.44, which gives a possible trading interval of +/-¥0.221 (+/-4.24%) up or down from last closing price. If Guangzhou Grandbuy Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.03 (3.64%) than the resistance at ¥5.82 (11.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangzhou Grandbuy Co., Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Guangzhou Grandbuy Co., Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.798 Buy Candidate Upgraded
Predicted Opening Price for Guangzhou Grandbuy Co., Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ¥5.22 ( 0.0639%) | ¥5.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002187.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.29 | 1.40 % | |
| R2 | 5.27 | 0.89 % | ||
| R1 | 5.25 | 0.576 % | ||
| Current price: | 5.22 | |||
| Support | S1 | 5.20 | -0.448 % | |
| S2 | 5.18 | -0.765 % | ||
| S3 | 5.15 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.98 | 14.56 % | |
| R2 | 5.96 | 14.18 % | ||
| R1 | 5.82 | 11.49 % | ||
| Current price | 5.22 | |||
| Support | S1 | 5.03 | -3.64% | |
| S2 | 4.85 | -7.09% | ||
| S3 | 4.84 | -7.28% |
002187 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | ¥0.410 | 4.62% |
| 2 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | ¥0.0500 | 0.659% |
| 3 | May 29, 2020 | May 29, 2020 | May 29, 2020 | ¥0.170 | 2.14% |
| 4 | May 22, 2019 | May 22, 2019 | May 22, 2019 | ¥0.300 | 3.89% |
| 5 | May 04, 2018 | May 04, 2018 | May 04, 2018 | ¥0.300 | 3.59% |
FAQ
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