Beijing Oriental Yhng Wtrprf Tech Co Ltd Stock Forecast
Beijing Oriental Yhng Wtrprf Tech Co Ltd stock price ended at ¥13.26 on Thursday, after gaining 1.61%.
(Updated on Apr 25, 2024)
The Beijing Oriental Yhng Wtrprf Tech Co Ltd stock price gained 1.61% on the last trading day (Thursday, 25th Apr 2024), rising from ¥13.05 to ¥13.26. During the last trading day the stock fluctuated 8.67% from a day low at ¥12.92 to a day high of ¥14.04. The price has fallen in 7 of the last 10 days and is down by -11.01% 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, 68 million shares were bought and sold for approximately ¥900.07 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥12.90 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.35% during the next 3 months and, with a 90% probability hold a price between ¥11.04 and ¥14.06 at the end of this 3-month period.
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002271.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 2.08%. Further rise is indicated until a new top pivot has been found. 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. The Beijing Oriental Yhng Wtrprf Tech 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 ¥13.53 and ¥15.70. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Beijing Oriental Yhng Wtrprf Tech Co Ltd stock
Beijing Oriental Yhng Wtrprf Tech Co Ltd finds support from accumulated volume at ¥13.05 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 ¥1.12 between high and low, or 8.67%. For the last week, the stock has had daily average volatility of 9.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002271.SZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Beijing Oriental Yhng Wtrprf Tech Co Ltd to open at ¥13.41, and during the day (based on 14 day Average True Range), to move between ¥12.25 and ¥14.27, which gives a possible trading interval of +/-¥1.01 (+/-7.63%) up or down from last closing price. If Beijing Oriental Yhng Wtrprf Tech Co Ltd takes out the full calculated possible swing range there will be an estimated 15.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥13.05 (1.58%) than the resistance at ¥13.54 (2.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beijing Oriental Yhng Wtrprf Tech Co Ltd stock A Buy?
Beijing Oriental Yhng Wtrprf Tech 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.
Current score: -2.373 Sell Candidate Unchanged
Predicted Opening Price for Beijing Oriental Yhng Wtrprf Tech Co Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ¥13.41 ( 1.11%) | ¥13.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002271.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.53 | 9.55 % | |
| R2 | 14.10 | 6.33 % | ||
| R1 | 13.83 | 4.33 % | ||
| Current price: | 13.26 | |||
| Support | S1 | 12.98 | -2.12 % | |
| S2 | 12.71 | -4.11 % | ||
| S3 | 12.29 | -7.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.42 | 23.83 % | |
| R2 | 14.88 | 12.22 % | ||
| R1 | 13.54 | 2.11 % | ||
| Current price | 13.26 | |||
| Support | S1 | 13.05 | -1.58% | |
| S2 | 12.99 | -2.04% | ||
| S3 | 0 | . |
002271 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 19, 2023 | May 19, 2023 | May 19, 2023 | ¥0.100 | 0.370% |
| 2 | May 31, 2022 | May 31, 2022 | May 31, 2022 | ¥0.300 | 0.673% |
| 3 | May 31, 2021 | May 31, 2021 | May 31, 2021 | ¥0.300 | 0.479% |
| 4 | Jun 15, 2020 | Jun 15, 2020 | Jun 15, 2020 | ¥0.200 | 0.735% |
| 5 | May 30, 2019 | May 30, 2019 | May 30, 2019 | ¥0.200 | 1.55% |
FAQ
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