Westone Information Industry Inc. Stock Forecast
Red day on Tuesday for Westone Information Industry Inc. stock after losing 2.03%
(Updated on Apr 23, 2024)
The Westone Information Industry Inc. stock price fell by -2.03% on the last day (Tuesday, 23rd Apr 2024) from ¥18.68 to ¥18.30. During the last trading day the stock fluctuated 3.83% from a day low at ¥18.03 to a day high of ¥18.72. The price has been going up and down for this period, and there has been a -2.03% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -10 million shares and in total, 16 million shares were bought and sold for approximately ¥288.11 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 5.35% during the next 3 months and, with a 90% probability hold a price between ¥16.31 and ¥23.00 at the end of this 3-month period.
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002268.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.78%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Westone Information Industry Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥19.65. On a fall, the stock will find some support from the short-term average at ¥18.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Westone Information Industry Inc. stock
Westone Information Industry Inc. finds support from accumulated volume at ¥18.12 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 ¥0.690 between high and low, or 3.83%. For the last week, the stock has had daily average volatility of 5.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002268.SZ) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Westone Information Industry Inc. to open at ¥18.35, and during the day (based on 14 day Average True Range), to move between ¥17.29 and ¥19.31, which gives a possible trading interval of +/-¥1.01 (+/-5.51%) up or down from last closing price. If Westone Information Industry Inc. takes out the full calculated possible swing range there will be an estimated 11.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥18.12 (0.98%) than the resistance at ¥18.68 (2.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Westone Information Industry Inc. stock A Buy?
Westone Information Industry Inc. 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.
Current score: -3.473 Sell Candidate Unchanged
Predicted Opening Price for Westone Information Industry Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| ¥18.35 ( 0.273%) | ¥18.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002268.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.04 | 4.04 % | |
| R2 | 18.78 | 2.60 % | ||
| R1 | 18.61 | 1.71 % | ||
| Current price: | 18.30 | |||
| Support | S1 | 18.09 | -1.17 % | |
| S2 | 17.92 | -2.06 % | ||
| S3 | 17.66 | -3.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.43 | 6.17 % | |
| R2 | 18.73 | 2.35 % | ||
| R1 | 18.68 | 2.08 % | ||
| Current price | 18.30 | |||
| Support | S1 | 18.12 | -0.98% | |
| S2 | 17.58 | -3.93% | ||
| S3 | 14.53 | -20.60% |
002268 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2023 | Jul 12, 2023 | Jul 12, 2023 | ¥0.0600 | 0.231% |
| 2 | Jul 15, 2022 | Jul 15, 2022 | Jul 15, 2022 | ¥0.0500 | 0.113% |
| 3 | Jul 16, 2021 | Jul 16, 2021 | Jul 16, 2021 | ¥0.0200 | 0.0775% |
| 4 | Jul 17, 2020 | Jul 17, 2020 | Jul 17, 2020 | ¥0.0190 | 0.0895% |
| 5 | Jul 11, 2019 | Jul 11, 2019 | Jul 11, 2019 | ¥0.0150 | 0.0662% |
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