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AI Analysis of 002245.SZ
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Jiangsu Aucksun Co Ltd stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 11, 2024 Gain 0.74% PDF

The Jiangsu Aucksun Co Ltd stock price gained 4.08% on the last trading day (Thursday, 28th Mar 2024), rising from ¥7.84 to ¥8.16. During the last trading day the stock fluctuated 8.49% from a day low at ¥7.77 to a day high of ¥8.43. The price has fallen in 6 of the last 10 days and is down by -0.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 29 million shares were bought and sold for approximately ¥233.43 million.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.96% during the next 3 months and, with a 90% probability hold a price between ¥5.95 and ¥9.36 at the end of this 3-month period.

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002245.SZ Signals & Forecast

The Jiangsu Aucksun 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 ¥8.43. On a fall, the stock will find some support from the long-term average at approximately ¥7.68. 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 Wednesday, March 20, 2024, and so far it has fallen -9.93%. 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 Jiangsu Aucksun Co Ltd stock

Jiangsu Aucksun Co Ltd finds support from accumulated volume at ¥8.10 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 ¥0.660 between high and low, or 8.49%. For the last week, the stock has had daily average volatility of 5.42%.

Our recommended stop-loss: ¥7.68 (-5.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (002245.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Jiangsu Aucksun Co Ltd to open at ¥8.12, and during the day (based on 14 day Average True Range), to move between ¥7.74 and ¥8.58, which gives a possible trading interval of +/-¥0.420 (+/-5.15%) up or down from last closing price. If Jiangsu Aucksun Co Ltd takes out the full calculated possible swing range there will be an estimated 10.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥8.10 (0.74%) than the resistance at ¥8.45 (3.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Jiangsu Aucksun Co Ltd stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Jiangsu Aucksun Co Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.065 Buy Candidate Upgraded

Predicted Opening Price for Jiangsu Aucksun Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥8.12 ( 0.490%) ¥8.16

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 002245.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.78 7.60 %
R2 8.53 4.51 %
R1 8.37 2.60 %
Current price: 8.16
Support S1 7.87 -3.58 %
S2 7.71 -5.49 %
S3 7.46 -8.58 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 9.06 11.03 %
R2 8.91 9.19 %
R1 8.45 3.55 %
Current price 8.16
Support S1 8.10 -0.735%
S2 7.75 -5.02%
S3 6.82 -16.42%

002245 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 11, 2023 Jul 11, 2023 Jul 11, 2023 ¥0.0350 0.315%
2 Apr 21, 2022 Apr 21, 2022 Apr 21, 2022 ¥0.0700 0.377%
3 Apr 16, 2021 Apr 16, 2021 Apr 16, 2021 ¥0.0300 0.261%
4 May 20, 2020 May 20, 2020 May 20, 2020 ¥0.0150 0.381%
5 Apr 19, 2019 Apr 19, 2019 Apr 19, 2019 ¥0.0250 0.421%

FAQ

What is the symbol for Jiangsu Aucksun Co Ltd Stock and on which exchange is it traded?
The symbol for Jiangsu Aucksun Co Ltd is 002245.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Jiangsu Aucksun Co Ltd Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Jiangsu Aucksun Co Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Jiangsu Aucksun Co Ltd Stock?
Jiangsu Aucksun 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 Jiangsu Aucksun Co Ltd Stock.

What's the current price of Jiangsu Aucksun Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Jiangsu Aucksun Co Ltd (002245.SZ) share was ¥8.16.

What is the 52-week high and low for Jiangsu Aucksun Co Ltd Stock?
The 52-week high for Jiangsu Aucksun Co Ltd Stock is ¥15.18 and the 52-week low is ¥5.40.

What is the market capitalization of Jiangsu Aucksun Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Jiangsu Aucksun Co Ltd is 9.895B.
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About Jiangsu Aucksun Co Ltd

Jiangsu Azure Corporation engages in lithium battery, LED chips, and metal logistics and distribution businesses in China. It is involved in the research and development, production, and sale of lithium battery products that are used in small power systems, electric bicycles/motorcycles, cleaning appliances, portable energy storage, and other products. The company also engages in the research and development, and manufacture of LED epitaxial wafe... 002245.SZ Profile

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