Shenzhen Beauty Star Co Ltd Stock Forecast
Shenzhen Beauty Star Co Ltd stock downgraded to Strong Sell Candidate
(Updated on Jul 03, 2024)
The Shenzhen Beauty Star Co Ltd stock price gained 0.181% on the last trading day (Wednesday, 3rd Jul 2024), rising from ¥5.52 to ¥5.53. During the last trading day the stock fluctuated 4.25% from a day low at ¥5.41 to a day high of ¥5.64. The price has been going up and down for this period, and there has been a 3.56% gain for the last 2 weeks. Volume fell on the last day by -8 million shares and in total, 17 million shares were bought and sold for approximately ¥92.28 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -16.08% during the next 3 months and, with a 90% probability hold a price between ¥4.17 and ¥5.27 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002243.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 ¥5.56 and ¥5.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -14.26%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Shenzhen Beauty Star Co Ltd stock
Shenzhen Beauty Star Co Ltd finds support from accumulated volume at ¥5.52 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 ¥0.230 between high and low, or 4.25%. For the last week, the stock has had daily average volatility of 8.79%.
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 Friday 5th
For the upcoming trading day on Friday, 5th we expect Shenzhen Beauty Star Co Ltd to open at ¥5.53, and during the day (based on 14 day Average True Range), to move between ¥5.06 and ¥6.00, which gives a possible trading interval of +/-¥0.471 (+/-8.52%) 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 17.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.52 (0.18%) than the resistance at ¥5.56 (0.54%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.053 Strong Sell Candidate Downgraded
Predicted Opening Price for Shenzhen Beauty Star Co Ltd of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ¥5.53 ( 0.0603%) | ¥5.53 |
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 | |
|---|---|---|
| R3 | 5.76 | 4.10% |
| R2 | 5.67 | 2.51% |
| R1 | 5.61 | 1.53% |
| Price | 5.53 | |
| S1 | 5.44 | -1.65% |
| S2 | 5.38 | -2.63% |
| S3 | 5.30 | -4.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.45 | 16.64% |
| R2 | 5.81 | 5.06% |
| R1 | 5.56 | 0.542% |
| Price | 5.53 | |
| S1 | 5.52 | -0.181% |
| S2 | 5.25 | -5.06% |
| S3 | 5.22 | -5.61% |
002243 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 07, 2024 | ¥0.0900 | 1.69% |
| 2 | May 26, 2023 | May 26, 2023 | May 26, 2023 | ¥0.0800 | 0.96% |
| 3 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.0800 | 0.97% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.0800 | 0.86% |
| 5 | Apr 28, 2020 | Apr 28, 2020 | Apr 28, 2020 | ¥0.0700 | 0.494% |
FAQ
Click here for our free guide on how to buy Shenzhen Beauty Star Co Ltd Stock.
