ACCELINK TECHNOLOGIES CO.,LTD Stock Forecast
High volatility in ACCELINK TECHNOLOGIES CO.,LTD stock price on Thursday which ended trading at ¥35.62
(Updated on May 09, 2024)
The ACCELINK TECHNOLOGIES CO.,LTD stock price gained 2.06% on the last trading day (Thursday, 9th May 2024), rising from ¥34.90 to ¥35.62. During the last trading day the stock fluctuated 10.41% from a day low at ¥34.40 to a day high of ¥37.98. The price has fallen in 6 of the last 10 days but is still up by 6.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 million more shares were traded than the day before. In total, 36 million shares were bought and sold for approximately ¥1.29 billion.
The stock lies in the middle of a very 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 15.65% during the next 3 months and, with a 90% probability hold a price between ¥34.92 and ¥54.78 at the end of this 3-month period.
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002281.SZ Signals & Forecast
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. The ACCELINK TECHNOLOGIES CO.,LTD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥36.66 and ¥36.58. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -16.89%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ACCELINK TECHNOLOGIES CO.,LTD stock
ACCELINK TECHNOLOGIES CO.,LTD finds support from accumulated volume at ¥35.47 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 ¥3.58 between high and low, or 10.41%. For the last week, the stock has had daily average volatility of 8.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002281.SZ) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect ACCELINK TECHNOLOGIES CO.,LTD to open at ¥36.00, and during the day (based on 14 day Average True Range), to move between ¥32.67 and ¥38.57, which gives a possible trading interval of +/-¥2.95 (+/-8.27%) up or down from last closing price. If ACCELINK TECHNOLOGIES CO.,LTD takes out the full calculated possible swing range there will be an estimated 16.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥35.47 (0.42%) than the resistance at ¥38.52 (8.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ACCELINK TECHNOLOGIES CO.,LTD stock A Buy?
The ACCELINK TECHNOLOGIES CO.,LTD stock holds several negative signals and despite the positive trend, we believe ACCELINK TECHNOLOGIES CO.,LTD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.533 Sell Candidate Unchanged
Predicted Opening Price for ACCELINK TECHNOLOGIES CO.,LTD of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ¥36.00 ( 1.07%) | ¥35.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002281.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.58 | 11.12 % | |
| R2 | 38.21 | 7.28 % | ||
| R1 | 37.37 | 4.91 % | ||
| Current price: | 35.62 | |||
| Support | S1 | 34.63 | -2.77 % | |
| S2 | 33.79 | -5.14 % | ||
| S3 | 32.42 | -8.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.86 | 20.33 % | |
| R2 | 38.96 | 9.38 % | ||
| R1 | 38.52 | 8.14 % | ||
| Current price | 35.62 | |||
| Support | S1 | 35.47 | -0.421% | |
| S2 | 35.42 | -0.561% | ||
| S3 | 33.02 | -7.30% |
002281 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | ¥0.170 | 0.461% |
| 2 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | ¥0.170 | 1.01% |
| 3 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | ¥0.170 | 0.724% |
| 4 | Jul 24, 2020 | Jul 24, 2020 | Jul 24, 2020 | ¥0.170 | 0.530% |
| 5 | Jul 12, 2019 | Jul 12, 2019 | Jul 12, 2019 | ¥0.170 | 0.669% |
FAQ
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