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AI Analysis of 002218.SZ
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SHENZHEN TOPRAY SOLAR CO -A Common Stock stock price ended at ¥3.46 on Friday, after losing 1.70%.
(Updated on May 10, 2024)

Sell candidate since May 07, 2024 Loss -1.70% PDF

The SHENZHEN TOPRAY SOLAR CO -A Common Stock stock price fell by -1.70% on the last day (Friday, 10th May 2024) from ¥3.52 to ¥3.46. During the last trading day the stock fluctuated 3.20% from a day low at ¥3.44 to a day high of ¥3.55. The price has risen in 5 of the last 10 days and is up by 3.28% over the past 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 -3 million shares and in total, 11 million shares were bought and sold for approximately ¥38.86 million.

The stock lies in the middle of a 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 -10.86% during the next 3 months and, with a 90% probability hold a price between ¥2.73 and ¥3.34 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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002218.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 TOPRAY SOLAR CO -A Common Stock 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 ¥3.50 and ¥3.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -2.26%. 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 TOPRAY SOLAR CO -A Common Stock stock

SHENZHEN TOPRAY SOLAR CO -A Common Stock finds support from accumulated volume at ¥3.42 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 ¥0.110 between high and low, or 3.20%. For the last week, the stock has had daily average volatility of 3.01%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (002218.SZ) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect SHENZHEN TOPRAY SOLAR CO -A Common Stock to open at ¥3.48, and during the day (based on 14 day Average True Range), to move between ¥3.28 and ¥3.64, which gives a possible trading interval of +/-¥0.179 (+/-5.18%) up or down from last closing price. If SHENZHEN TOPRAY SOLAR CO -A Common Stock takes out the full calculated possible swing range there will be an estimated 10.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥3.42 (1.16%) than the resistance at ¥3.52 (1.73%), 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 TOPRAY SOLAR CO -A Common Stock stock A Buy?

SHENZHEN TOPRAY SOLAR CO -A Common Stock holds several negative signals and is within a 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.

Current score: -4.450 Sell Candidate Unchanged

Predicted Opening Price for SHENZHEN TOPRAY SOLAR CO -A Common Stock of Monday, May 13, 2024

Fair opening price May 13, 2024 Current price
¥3.48 ( 0.674%) ¥3.46

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 002218.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.59 3.85 %
R2 3.55 2.64 %
R1 3.53 1.89 %
Current price: 3.46
Support S1 3.44 -0.540 %
S2 3.42 -1.29 %
S3 3.37 -2.50 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.85 11.27 %
R2 3.78 9.25 %
R1 3.52 1.73 %
Current price 3.46
Support S1 3.42 -1.16%
S2 3.32 -4.05%
S3 3.19 -7.80%

002218 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 11, 2023 Jul 11, 2023 Jul 11, 2023 ¥0.0300 0.619%
2 Jul 06, 2022 Jul 06, 2022 Jul 06, 2022 ¥0.0350 0.598%
3 Dec 17, 2021 Dec 17, 2021 Dec 17, 2021 ¥0.0350 0.489%
4 Jul 27, 2020 Jul 27, 2020 Jul 27, 2020 ¥0.0250 0.623%
5 Jul 05, 2018 Jul 05, 2018 Jul 05, 2018 ¥0.0300 1.06%

FAQ

What is the symbol for SHENZHEN TOPRAY SOLAR CO -A Common Stock Stock and on which exchange is it traded?
The symbol for SHENZHEN TOPRAY SOLAR CO -A Common Stock is 002218.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell SHENZHEN TOPRAY SOLAR CO -A Common Stock Stock?
SHENZHEN TOPRAY SOLAR CO -A Common Stock holds several negative signals and is within a 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.

How to buy SHENZHEN TOPRAY SOLAR CO -A Common Stock Stock?
SHENZHEN TOPRAY SOLAR CO -A Common Stock Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SHENZHEN TOPRAY SOLAR CO -A Common Stock Stock.

What's the current price of SHENZHEN TOPRAY SOLAR CO -A Common Stock Stock?
As of the end of day on the May 10, 2024, the price of an SHENZHEN TOPRAY SOLAR CO -A Common Stock (002218.SZ) share was ¥3.46.

What is the 52-week high and low for SHENZHEN TOPRAY SOLAR CO -A Common Stock Stock?
The 52-week high for SHENZHEN TOPRAY SOLAR CO -A Common Stock Stock is ¥5.06 and the 52-week low is ¥2.92.

What is the market capitalization of SHENZHEN TOPRAY SOLAR CO -A Common Stock Stock?
As of the May 10, 2024, the market capitalization of SHENZHEN TOPRAY SOLAR CO -A Common Stock is 4.957B.

When is the next earnings date for SHENZHEN TOPRAY SOLAR CO -A Common Stock?
The upcoming earnings date for SHENZHEN TOPRAY SOLAR CO -A Common Stock is May 16, 2025.
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About SHENZHEN TOPRAY SOLAR CO -A Common Stock

SHENZHEN TOPRAYSOLAR Co.,Ltd. operates as a solar energy company in China. The company engages in the research, development, production, and sales of solar cell chips and components, solar power supplies, solar application products, solar photovoltaic glass, solar photovoltaic brackets, solar collector plates, and water heater systems, as well as design, installation, and sales of solar hot water, solar power station, and wind power projects. Its... 002218.SZ Profile

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