Shenzhen Noposion Agrochemicals Co., Ltd Stock Forecast
Shenzhen Noposion Agrochemicals Co., Ltd stock downgraded to Sell Candidate
(Updated on Jul 03, 2024)
The Shenzhen Noposion Agrochemicals Co., Ltd stock price fell by -1.47% on the last day (Wednesday, 3rd Jul 2024) from ¥7.49 to ¥7.38. During the last trading day the stock fluctuated 2.30% from a day low at ¥7.38 to a day high of ¥7.55. The price has fallen in 6 of the last 10 days and is down by -6.23% 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 -108 thousand shares and in total, 9 million shares were bought and sold for approximately ¥65.42 million.
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 -5.11% during the next 3 months and, with a 90% probability hold a price between ¥6.50 and ¥8.38 at the end of this 3-month period.
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002215.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shenzhen Noposion Agrochemicals Co., Ltd 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 ¥7.51 and ¥8.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -19.43%. Further fall is indicated until a new bottom pivot has been found. 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 Shenzhen Noposion Agrochemicals Co., Ltd stock
Shenzhen Noposion Agrochemicals Co., Ltd finds support from accumulated volume at ¥7.27 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 ¥0.170 between high and low, or 2.30%. For the last week, the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002215.SZ) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Shenzhen Noposion Agrochemicals Co., Ltd to open at ¥7.44, and during the day (based on 14 day Average True Range), to move between ¥7.13 and ¥7.63, which gives a possible trading interval of +/-¥0.249 (+/-3.38%) up or down from last closing price. If Shenzhen Noposion Agrochemicals Co., Ltd takes out the full calculated possible swing range there will be an estimated 6.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.27 (1.49%) than the resistance at ¥8.50 (15.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shenzhen Noposion Agrochemicals Co., Ltd stock A Buy?
Shenzhen Noposion Agrochemicals 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.508 Sell Candidate Downgraded
Predicted Opening Price for Shenzhen Noposion Agrochemicals Co., Ltd of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ¥7.44 ( 0.768%) | ¥7.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002215.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.61 | 3.07% |
| R2 | 7.54 | 2.19% |
| R1 | 7.50 | 1.65% |
| Price | 7.38 | |
| S1 | 7.37 | -0.112% |
| S2 | 7.33 | -0.656% |
| S3 | 7.27 | -1.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.16 | 24.12% |
| R2 | 8.91 | 20.73% |
| R1 | 8.50 | 15.18% |
| Price | 7.38 | |
| S1 | 7.27 | -1.49% |
| S2 | 0 | - |
| S3 | 0 | - |
002215 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 07, 2024 | ¥0.150 | 1.89% |
| 2 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | ¥0.150 | 1.96% |
| 3 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | ¥0.200 | 3.36% |
| 4 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | ¥0.100 | 1.71% |
| 5 | May 29, 2020 | May 29, 2020 | May 29, 2020 | ¥0.150 | 2.40% |
FAQ
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