RSI low/high Values: [ 25 - 75 ]
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AI Analysis of 002231.SZ
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Strong day for Allwin Telecommunication Co., Ltd. stock price on Thursday rising 6.38% to ¥5.00
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Allwin Telecommunication Co., Ltd. stock price gained 6.38% on the last trading day (Thursday, 28th Mar 2024), rising from ¥4.70 to ¥5.00. During the last trading day the stock fluctuated 7.66% from a day low at ¥4.70 to a day high of ¥5.06. The price has risen in 6 of the last 10 days and is up by 6.38% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 16 million shares were bought and sold for approximately ¥80.83 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 ¥5.19 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 -25.38% during the next 3 months and, with a 90% probability hold a price between ¥1.67 and ¥3.87 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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002231.SZ Signals & Forecast

The Allwin Telecommunication Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥5.05. On a fall, the stock will find some support from the long-term average at approximately ¥4.44. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -6.37%. 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).

Support, Risk & Stop-loss for Allwin Telecommunication Co., Ltd. stock

Allwin Telecommunication Co., Ltd. finds support from accumulated volume at ¥4.80 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 ¥0.360 between high and low, or 7.66%. For the last week, the stock has had daily average volatility of 5.49%.

Our recommended stop-loss: ¥4.71 (-5.75%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (002231.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Allwin Telecommunication Co., Ltd. to open at ¥4.92, and during the day (based on 14 day Average True Range), to move between ¥4.75 and ¥5.25, which gives a possible trading interval of +/-¥0.251 (+/-5.02%) 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 10.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥5.16 (3.20%) than the support at ¥4.80 (4.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Allwin Telecommunication Co., Ltd. stock A Buy?

Allwin Telecommunication Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.301 Hold/Accumulate Upgraded

Predicted Opening Price for Allwin Telecommunication Co., Ltd. of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥4.92 ( 1.60%) ¥5.00

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
Resistance R3 5.28 5.60 %
R2 5.14 2.85 %
R1 5.06 1.15 %
Current price: 5.00
Support S1 4.78 -4.35 %
S2 4.70 -6.05 %
S3 4.56 -8.80 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.34 6.80 %
R2 5.21 4.20 %
R1 5.16 3.20 %
Current price 5.00
Support S1 4.80 -4.00%
S2 4.70 -6.00%
S3 3.92 -21.60%

002231 Dividend Payout History


# Declaration Date 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

What is the symbol for Allwin Telecommunication Co., Ltd. Stock and on which exchange is it traded?
The symbol for Allwin Telecommunication Co., Ltd. is 002231.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Allwin Telecommunication Co., Ltd. Stock?
Allwin Telecommunication Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Allwin Telecommunication Co., Ltd. Stock?
Allwin Telecommunication Co., Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Allwin Telecommunication Co., Ltd. Stock.

What's the current price of Allwin Telecommunication Co., Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an Allwin Telecommunication Co., Ltd. (002231.SZ) share was ¥5.00.

What is the 52-week high and low for Allwin Telecommunication Co., Ltd. Stock?
The 52-week high for Allwin Telecommunication Co., Ltd. Stock is ¥7.90 and the 52-week low is ¥2.87.

What is the market capitalization of Allwin Telecommunication Co., Ltd. Stock?
As of the 2024-03-28, the market capitalization of Allwin Telecommunication Co., Ltd. is 1.734B.
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About Allwin Telecommunication Co., Ltd.

Allwin Telecommunication Co., Ltd. operates in the military electronic informationization, audio and video command systems, network communications, professional, and other fields in China. The company offers military-specific video command and conference systems, and video and audio fusion equipment; domestic independent controllable equipment, such as wired communication and terminals; and multi-mode integrated tablet terminals, full bone conduc... 002231.SZ Profile

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