Shenzhen Beauty Star Co Ltd Stock Forecast
A very red day for Shenzhen Beauty Star Co Ltd stock price after a -5.84% fall in the Friday trading session
(Updated on Apr 26, 2024)
The Shenzhen Beauty Star Co Ltd stock price fell by -5.84% on the last day (Friday, 26th Apr 2024) from ¥6.34 to ¥5.97. During the last trading day the stock fluctuated 9.62% from a day low at ¥5.72 to a day high of ¥6.27. The price has fallen in 6 of the last 10 days and is down by -8.99% for this period. Volume has increased on the last day by 19 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, 26 million shares were bought and sold for approximately ¥154.93 million.
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 -2.66% during the next 3 months and, with a 90% probability hold a price between ¥5.24 and ¥7.33 at the end of this 3-month period.
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002243.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Shenzhen Beauty Star 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 ¥6.23 and ¥6.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -21.96%. 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 Shenzhen Beauty Star Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥5.57. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at ¥ may give a huge drop in the stock price.
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 ¥0.550 between high and low, or 9.62%. For the last week, the stock has had daily average volatility of 3.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002243.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Shenzhen Beauty Star Co Ltd to open at ¥5.99, and during the day (based on 14 day Average True Range), to move between ¥5.63 and ¥6.31, which gives a possible trading interval of +/-¥0.341 (+/-5.71%) up or down from last closing price. If Shenzhen Beauty Star Co Ltd takes out the full calculated possible swing range there will be an estimated 11.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.57 (6.70%) than the resistance at ¥6.59 (10.39%), 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 Beauty Star Co Ltd stock A Buy?
Shenzhen Beauty Star 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: -4.161 Sell Candidate Unchanged
Predicted Opening Price for Shenzhen Beauty Star Co Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥5.99 ( 0.279%) | ¥5.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002243.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.54 | 9.49 % | |
| R2 | 6.33 | 5.97 % | ||
| R1 | 6.20 | 3.80 % | ||
| Current price: | 5.97 | |||
| Support | S1 | 5.78 | -3.24 % | |
| S2 | 5.65 | -5.41 % | ||
| S3 | 5.44 | -8.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.46 | 24.96 % | |
| R2 | 7.39 | 23.79 % | ||
| R1 | 6.59 | 10.39 % | ||
| Current price | 5.97 | |||
| Support | S1 | 5.57 | -6.70% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
002243 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2023 | May 26, 2023 | May 26, 2023 | ¥0.0800 | 0.96% |
| 2 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.0800 | 0.97% |
| 3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.0800 | 0.86% |
| 4 | Apr 28, 2020 | Apr 28, 2020 | Apr 28, 2020 | ¥0.0700 | 0.493% |
| 5 | May 21, 2019 | May 21, 2019 | May 21, 2019 | ¥0.0500 | 0.307% |
FAQ
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