Suzhou China Create Specl Mterl Co Ltd Stock Forecast
Green day on Wednesday for Suzhou China Create Specl Mterl Co Ltd stock after gaining 0.143%
(Updated on Apr 24, 2024)
The Suzhou China Create Specl Mterl Co Ltd stock price gained 0.143% on the last trading day (Wednesday, 24th Apr 2024), rising from ¥14.02 to ¥14.04. During the last trading day the stock fluctuated 5.51% from a day low at ¥13.62 to a day high of ¥14.37. The price has been going up and down for this period, and there has been a -6.59% loss for the last 2 weeks. Volume fell on the last day by -635 thousand shares and in total, 3 million shares were bought and sold for approximately ¥35.72 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 62.86% during the next 3 months and, with a 90% probability hold a price between ¥20.53 and ¥26.55 at the end of this 3-month period.
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002290.SZ Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -7.08%. 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). The Suzhou China Create Specl Mterl Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥13.84 and ¥13.76. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Suzhou China Create Specl Mterl Co Ltd stock
Suzhou China Create Specl Mterl Co Ltd finds support from accumulated volume at ¥14.02 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 ¥0.750 between high and low, or 5.51%. For the last week, the stock has had daily average volatility of 8.02%.
Our recommended stop-loss: ¥13.36 (-4.83%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (002290.SZ) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Suzhou China Create Specl Mterl Co Ltd to open at ¥14.01, and during the day (based on 14 day Average True Range), to move between ¥12.98 and ¥15.10, which gives a possible trading interval of +/-¥1.06 (+/-7.57%) up or down from last closing price. If Suzhou China Create Specl Mterl Co Ltd takes out the full calculated possible swing range there will be an estimated 15.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥14.02 (0.14%) than the resistance at ¥14.10 (0.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Suzhou China Create Specl Mterl Co Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Suzhou China Create Specl Mterl Co Ltd stock to perform well in the short-term.
Current score: 2.571 Buy Candidate Unchanged
Predicted Opening Price for Suzhou China Create Specl Mterl Co Ltd of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| ¥14.01 ( 0.214%) | ¥14.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002290.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.76 | 5.13 % | |
| R2 | 14.47 | 3.09 % | ||
| R1 | 14.30 | 1.83 % | ||
| Current price: | 14.04 | |||
| Support | S1 | 13.72 | -2.25 % | |
| S2 | 13.55 | -3.51 % | ||
| S3 | 13.26 | -5.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.11 | 7.62 % | |
| R2 | 14.80 | 5.41 % | ||
| R1 | 14.10 | 0.427 % | ||
| Current price | 14.04 | |||
| Support | S1 | 14.02 | -0.142% | |
| S2 | 13.94 | -0.712% | ||
| S3 | 13.15 | -6.34% |
002290 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 13, 2018 | Jul 13, 2018 | Jul 13, 2018 | ¥0.120 | 1.09% |
| 2 | Jun 29, 2016 | Jun 29, 2016 | Jun 29, 2016 | ¥0.100 | 0.400% |
| 3 | Jul 14, 2015 | Jul 14, 2015 | Jul 14, 2015 | ¥0.150 | 0.647% |
| 4 | May 28, 2014 | May 28, 2014 | May 28, 2014 | ¥0.0500 | 0.419% |
| 5 | May 08, 2013 | May 08, 2013 | May 08, 2013 | ¥0.100 | 1.22% |
FAQ
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