New Huadu Supercenter Co Ltd Stock Forecast
New Huadu Supercenter Co Ltd stock price ended at ¥5.65 on Friday, after gaining 0.177%.
(Updated on May 10, 2024)
The New Huadu Supercenter Co Ltd stock price gained 0.177% on the last trading day (Friday, 10th May 2024), rising from ¥5.64 to ¥5.65. During the last trading day the stock fluctuated 5.78% from a day low at ¥5.54 to a day high of ¥5.86. The price has been going up and down for this period, and there has been a -2.92% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 12 million shares were bought and sold for approximately ¥65.94 million.
The stock lies in the middle of a wide and strong 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 40.96% during the next 3 months and, with a 90% probability hold a price between ¥7.17 and ¥8.66 at the end of this 3-month period.
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002264.SZ Signals & Forecast
The New Huadu Supercenter 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 ¥5.67. On a fall, the stock will find some support from the long-term average at approximately ¥5.06. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, April 23, 2024, and so far it has fallen -2.92%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for New Huadu Supercenter Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥5.28 and ¥5.21. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, New Huadu Supercenter Co Ltd finds support just below today's level at ¥5.28. If this is broken, then the next support from accumulated volume will be at ¥5.21 and ¥4.82.
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 ¥0.320 between high and low, or 5.78%. For the last week, the stock has had daily average volatility of 4.50%.
Our recommended stop-loss: ¥5.41 (-4.18%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (002264.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect New Huadu Supercenter Co Ltd to open at ¥5.68, and during the day (based on 14 day Average True Range), to move between ¥5.27 and ¥6.03, which gives a possible trading interval of +/-¥0.385 (+/-6.81%) up or down from last closing price. If New Huadu Supercenter Co Ltd takes out the full calculated possible swing range there will be an estimated 13.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥5.79 (2.48%) than the support at ¥5.28 (6.55%), 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 New Huadu Supercenter Co Ltd stock A Buy?
New Huadu Supercenter 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.
Current score: 0.041 Hold/Accumulate Unchanged
Predicted Opening Price for New Huadu Supercenter Co Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ¥5.68 ( 0.590%) | ¥5.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002264.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.00 | 6.25 % | |
| R2 | 5.88 | 4.09 % | ||
| R1 | 5.81 | 2.75 % | ||
| Current price: | 5.65 | |||
| Support | S1 | 5.56 | -1.57 % | |
| S2 | 5.49 | -2.91 % | ||
| S3 | 5.36 | -5.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.82 | 3.01 % | |
| R2 | 5.80 | 2.65 % | ||
| R1 | 5.79 | 2.48 % | ||
| Current price | 5.65 | |||
| Support | S1 | 5.28 | -6.55% | |
| S2 | 5.21 | -7.79% | ||
| S3 | 4.82 | -14.69% |
002264 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2013 | May 28, 2013 | May 28, 2013 | ¥0.0600 | 0.91% |
| 2 | Apr 20, 2012 | Apr 20, 2012 | Apr 20, 2012 | ¥0.0533 | 0.738% |
| 3 | Apr 28, 2011 | Apr 28, 2011 | Apr 28, 2011 | ¥0.0333 | 0.423% |
| 4 | Apr 16, 2010 | Apr 16, 2010 | Apr 16, 2010 | ¥0.0222 | 0.313% |
| 5 | Sep 16, 2009 | Sep 16, 2009 | Sep 16, 2009 | ¥0.0667 | 1.04% |
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