Better Life Comm Chain Share Co.,Ltd Stock Forecast
Volatile ride for Better Life Comm Chain Share Co.,Ltd stock price on Thursday moving between ¥3.19 and ¥3.73
(Updated on Mar 28, 2024)
The Better Life Comm Chain Share Co.,Ltd stock price gained 0.298% on the last trading day (Thursday, 28th Mar 2024), rising from ¥3.36 to ¥3.37. During the last trading day the stock fluctuated 16.93% from a day low at ¥3.19 to a day high of ¥3.73. The price has risen in 5 of the last 10 days but is still down by -6.65% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 million more shares were traded than the day before. In total, 35 million shares were bought and sold for approximately ¥117.92 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 -13.85% during the next 3 months and, with a 90% probability hold a price between ¥1.91 and ¥3.29 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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002251.SZ Signals & Forecast
The Better Life Comm Chain Share 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 ¥3.63. On a fall, the stock will find some support from the long-term average at approximately ¥3.22. 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 Friday, March 22, 2024, and so far it has fallen -12.69%. 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 Better Life Comm Chain Share Co.,Ltd stock
Better Life Comm Chain Share Co.,Ltd finds support from accumulated volume at ¥3.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.540 between high and low, or 16.93%. For the last week, the stock has had daily average volatility of 8.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002251.SZ) For The Upcoming Trading Day Of Friday 29th
For the upcoming trading day on Friday, 29th we expect Better Life Comm Chain Share Co.,Ltd to open at ¥3.43, and during the day (based on 14 day Average True Range), to move between ¥3.16 and ¥3.58, which gives a possible trading interval of +/-¥0.208 (+/-6.17%) up or down from last closing price. If Better Life Comm Chain Share Co.,Ltd takes out the full calculated possible swing range there will be an estimated 12.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.28 (2.67%) than the resistance at ¥3.62 (7.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Better Life Comm Chain Share Co.,Ltd stock A Buy?
Better Life Comm Chain Share Co.,Ltd holds several negative signals and we believe that 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 Hold/Accumulate to a Sell candidate.
Current score: -1.085 Sell Candidate Downgraded
Predicted Opening Price for Better Life Comm Chain Share Co.,Ltd of Friday, March 29, 2024
Fair opening price March 29, 2024 | Current price |
---|---|
¥3.43 ( 1.78%) | ¥3.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002251.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.97 | 17.80 % | |
R2 | 3.76 | 11.68 % | ||
R1 | 3.64 | 7.90 % | ||
Current price: | 3.37 | |||
Support | S1 | 3.22 | -4.34 % | |
S2 | 3.10 | -8.12 % | ||
S3 | 2.89 | -14.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.04 | 19.88 % | |
R2 | 3.86 | 14.54 % | ||
R1 | 3.62 | 7.42 % | ||
Current price | 3.37 | |||
Support | S1 | 3.28 | -2.67% | |
S2 | 3.06 | -9.20% | ||
S3 | 2.54 | -24.63% |
002251 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 20, 2022 | Jul 20, 2022 | Jul 20, 2022 | ¥0.100 | 1.52% |
2 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | ¥0.100 | 1.38% |
3 | Jun 12, 2020 | Jun 12, 2020 | Jun 12, 2020 | ¥0.100 | 0.87% |
4 | Jun 28, 2019 | Jun 28, 2019 | Jun 28, 2019 | ¥0.100 | 1.30% |
5 | Jul 12, 2018 | Jul 12, 2018 | Jul 12, 2018 | ¥0.100 | 0.97% |
FAQ
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