Wuhan Fingu Electronic Technology Co Stock Forecast
Wuhan Fingu Electronic Technology Co stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 09, 2024)
The Wuhan Fingu Electronic Technology Co stock price fell by -1.20% on the last day (Thursday, 9th May 2024) from ¥9.17 to ¥9.06. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.44% from a day low at ¥9.00 to a day high of ¥9.40. The price has been going up and down for this period, and there has been a 4.38% gain for the last 2 weeks. 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 -4 million shares and in total, 13 million shares were bought and sold for approximately ¥116.91 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 2.86% during the next 3 months and, with a 90% probability hold a price between ¥8.51 and ¥11.31 at the end of this 3-month period.
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002194.SZ Signals & Forecast
There are mixed signals in the stock today. The Wuhan Fingu Electronic Technology Co stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥9.23 and ¥9.54. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.62%. 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).
Support, Risk & Stop-loss for Wuhan Fingu Electronic Technology Co stock
Wuhan Fingu Electronic Technology Co finds support from accumulated volume at ¥8.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.400 between high and low, or 4.44%. For the last week, the stock has had daily average volatility of 3.76%.
Our recommended stop-loss: ¥8.66 (-4.41%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (002194.SZ) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Wuhan Fingu Electronic Technology Co to open at ¥9.15, and during the day (based on 14 day Average True Range), to move between ¥8.43 and ¥9.69, which gives a possible trading interval of +/-¥0.630 (+/-6.95%) up or down from last closing price. If Wuhan Fingu Electronic Technology Co takes out the full calculated possible swing range there will be an estimated 13.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥8.75 (3.42%) than the resistance at ¥9.74 (7.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wuhan Fingu Electronic Technology Co stock A Buy?
Wuhan Fingu Electronic Technology 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.667 Hold/Accumulate Upgraded
Predicted Opening Price for Wuhan Fingu Electronic Technology Co of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ¥9.15 ( 1.03%) | ¥9.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002194.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.55 | 5.45 % | |
| R2 | 9.40 | 3.76 % | ||
| R1 | 9.31 | 2.72 % | ||
| Current price: | 9.06 | |||
| Support | S1 | 9.00 | -0.656 % | |
| S2 | 8.91 | -1.70 % | ||
| S3 | 8.75 | -3.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.66 | 17.66 % | |
| R2 | 10.30 | 13.69 % | ||
| R1 | 9.74 | 7.51 % | ||
| Current price | 9.06 | |||
| Support | S1 | 8.75 | -3.42% | |
| S2 | 8.51 | -6.07% | ||
| S3 | 8.34 | -7.95% |
002194 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 09, 2024 | ¥0.120 | 1.32% |
| 2 | May 16, 2023 | May 16, 2023 | May 16, 2023 | ¥0.300 | 3.31% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | ¥0.0500 | 0.566% |
| 4 | May 31, 2021 | May 31, 2021 | May 31, 2021 | ¥0.150 | 1.25% |
| 5 | Jun 01, 2020 | Jun 01, 2020 | Jun 01, 2020 | ¥0.0417 | 0.203% |
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