Allwin Telecommunication Co., Ltd. Stock Forecast
Red day on Tuesday for Allwin Telecommunication Co., Ltd.
(Updated on Jun 25, 2024)
No changes to the price of Allwin Telecommunication Co., Ltd. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 5.67% from a day low at ¥3.88 to a day high of ¥4.10. The price has fallen in 6 of the last 10 days and is down by -1.76% for this period.
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 -11.78% during the next 3 months and, with a 90% probability hold a price between ¥2.69 and ¥5.49 at the end of this 3-month period.
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002231.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 2.36%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Allwin Telecommunication 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 ¥4.10 and ¥4.61. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Allwin Telecommunication Co., Ltd. stock
Allwin Telecommunication Co., Ltd. finds support from accumulated volume at ¥3.86 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 ¥0.220 between high and low, or 5.67%. For the last week, the stock has had daily average volatility of 4.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002231.SZ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Allwin Telecommunication Co., Ltd. to open at ¥3.96, and during the day (based on 14 day Average True Range), to move between ¥3.52 and ¥4.30, which gives a possible trading interval of +/-¥0.387 (+/-9.91%) up or down from last closing price. If Allwin Telecommunication Co., Ltd. takes out the full calculated possible swing range there will be an estimated 19.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.86 (1.28%) than the resistance at ¥4.21 (7.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Allwin Telecommunication Co., Ltd. stock A Buy?
Allwin Telecommunication 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.
Current score: -4.753 Sell Candidate Unchanged
Predicted Opening Price for Allwin Telecommunication Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ¥3.96 ( 1.36%) | ¥3.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002231.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.18 | 6.99% |
| R2 | 4.10 | 4.84% |
| R1 | 4.05 | 3.51% |
| Price | 3.91 | |
| S1 | 3.88 | -0.785% |
| S2 | 3.83 | -2.11% |
| S3 | 3.74 | -4.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.82 | 23.27% |
| R2 | 4.49 | 14.83% |
| R1 | 4.21 | 7.67% |
| Price | 3.91 | |
| S1 | 3.86 | -1.28% |
| S2 | 3.83 | -2.05% |
| S3 | 3.82 | -2.30% |
002231 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 09, 2018 | Jul 09, 2018 | Jul 09, 2018 | ¥0.0100 | 0.141% |
| 2 | Jun 15, 2015 | Jun 15, 2015 | Jun 15, 2015 | ¥0.0100 | 0.0356% |
| 3 | Apr 09, 2012 | Apr 09, 2012 | Apr 09, 2012 | ¥0.0375 | 0.381% |
| 4 | May 03, 2011 | May 03, 2011 | May 03, 2011 | ¥0.0500 | 0.799% |
| 5 | May 12, 2010 | May 12, 2010 | May 12, 2010 | ¥0.0333 | 0.672% |
FAQ
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