Holitech Technology Co Ltd Stock Forecast
Volatile ride for Holitech Technology Co Ltd stock price on Wednesday moving between ¥1.19 and ¥1.31
(Updated on Jun 26, 2024)
The Holitech Technology Co Ltd stock price fell by -4.00% on the last day (Wednesday, 26th Jun 2024) from ¥1.25 to ¥1.20. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 10.08% from a day low at ¥1.19 to a day high of ¥1.31. The price has risen in 6 of the last 10 days and is up by 1.69% over the past 2 weeks. Volume has increased on the last day by 23 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 108 million shares were bought and sold for approximately ¥129.09 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥1.26 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -27.73% during the next 3 months and, with a 90% probability hold a price between ¥0.604 and ¥0.91 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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002217.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Holitech Technology Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥1.31 and ¥1.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -16.08%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Holitech Technology Co Ltd stock
Holitech Technology Co Ltd finds support from accumulated volume at ¥1.15 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 ¥0.120 between high and low, or 10.08%. For the last week, the stock has had daily average volatility of 9.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002217.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Holitech Technology Co Ltd to open at ¥1.23, and during the day (based on 14 day Average True Range), to move between ¥1.08 and ¥1.32, which gives a possible trading interval of +/-¥0.120 (+/-9.97%) up or down from last closing price. If Holitech Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 19.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥1.15 (4.17%) than the resistance at ¥1.26 (5.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Holitech Technology Co Ltd stock A Buy?
Holitech Technology 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 Sell to a Strong Sell candidate.
Current score: -5.254 Strong Sell Candidate Downgraded
Predicted Opening Price for Holitech Technology Co Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥1.23 ( 2.78%) | ¥1.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002217.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.35 | 12.78% |
| R2 | 1.31 | 8.96% |
| R1 | 1.28 | 6.60% |
| Price | 1.20 | |
| S1 | 1.19 | -1.04% |
| S2 | 1.16 | -3.40% |
| S3 | 1.11 | -7.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.39 | 15.83% |
| R2 | 1.31 | 9.17% |
| R1 | 1.26 | 5.00% |
| Price | 1.20 | |
| S1 | 1.15 | -4.17% |
| S2 | 1.14 | -5.00% |
| S3 | 1.09 | -9.17% |
002217 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2020 | Jul 15, 2020 | Jul 15, 2020 | ¥0.0350 | 0.616% |
| 2 | Jul 12, 2019 | Jul 12, 2019 | Jul 12, 2019 | ¥0.0440 | 0.85% |
| 3 | Jul 23, 2018 | Jul 23, 2018 | Jul 23, 2018 | ¥0.0380 | 0.480% |
| 4 | May 26, 2017 | May 26, 2017 | May 26, 2017 | ¥0.0420 | 0.489% |
| 5 | Jul 08, 2016 | Jul 08, 2016 | Jul 08, 2016 | ¥0.0080 | 0.109% |
FAQ
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