Shenzhen Auto Electric Pwr Plnt Co Ltd Stock Forecast
Stronger technical forecast for Shenzhen Auto Electric Pwr Plnt Co Ltd stock price after Wednesday trading.
(Updated on Apr 24, 2024)
The Shenzhen Auto Electric Pwr Plnt Co Ltd stock price gained 1.91% on the last trading day (Wednesday, 24th Apr 2024), rising from ¥8.37 to ¥8.53. During the last trading day the stock fluctuated 2.52% from a day low at ¥8.34 to a day high of ¥8.55. The price has risen in 5 of the last 10 days but is still down by -5.95% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 70 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately ¥21.50 million.
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 Shenzhen Auto Electric Pwr Plnt Co Ltd stock with a 90% probability to be traded between ¥6.87 and ¥10.82 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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002227.SZ Signals & Forecast
There are mixed signals in the stock today. The Shenzhen Auto Electric Pwr Plnt Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥9.32. On a fall, the stock will find some support from the short-term average at ¥8.23. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -20.65%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Shenzhen Auto Electric Pwr Plnt Co Ltd stock
Shenzhen Auto Electric Pwr Plnt Co Ltd finds support from accumulated volume at ¥8.42 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 ¥0.210 between high and low, or 2.52%. For the last week, the stock has had daily average volatility of 7.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002227.SZ) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Shenzhen Auto Electric Pwr Plnt Co Ltd to open at ¥8.47, and during the day (based on 14 day Average True Range), to move between ¥7.80 and ¥9.26, which gives a possible trading interval of +/-¥0.734 (+/-8.61%) up or down from last closing price. If Shenzhen Auto Electric Pwr Plnt Co Ltd takes out the full calculated possible swing range there will be an estimated 17.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥8.42 (1.29%) than the resistance at ¥9.30 (9.03%), 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 Auto Electric Pwr Plnt Co Ltd stock A Buy?
Shenzhen Auto Electric Pwr Plnt Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.428 Sell Candidate Upgraded
Predicted Opening Price for Shenzhen Auto Electric Pwr Plnt Co Ltd of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| ¥8.47 ( 0.664%) | ¥8.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002227.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.68 | 1.80 % | |
| R2 | 8.60 | 0.86 % | ||
| R1 | 8.55 | 0.276 % | ||
| Current price: | 8.53 | |||
| Support | S1 | 8.39 | -1.60 % | |
| S2 | 8.34 | -2.19 % | ||
| S3 | 8.26 | -3.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.43 | 22.27 % | |
| R2 | 9.96 | 16.76 % | ||
| R1 | 9.30 | 9.03 % | ||
| Current price | 8.53 | |||
| Support | S1 | 8.42 | -1.29% | |
| S2 | 7.52 | -11.84% | ||
| S3 | 7.10 | -16.76% |
002227 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 08, 2020 | Jun 08, 2020 | Jun 08, 2020 | ¥0.0200 | 0.147% |
| 2 | May 31, 2019 | May 31, 2019 | May 31, 2019 | ¥0.0200 | 0.160% |
| 3 | Jun 01, 2018 | Jun 01, 2018 | Jun 01, 2018 | ¥0.0200 | 0.129% |
| 4 | Jun 23, 2017 | Jun 23, 2017 | Jun 23, 2017 | ¥0.0100 | 0.0552% |
| 5 | Jul 08, 2016 | Jul 08, 2016 | Jul 08, 2016 | ¥0.0200 | 0.0624% |
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