RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 002308.SZ
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Big movements in Vtron Group Co Ltd stock price on Thursday moving 32.33% between high and low
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Vtron Group Co Ltd stock price fell by -2.70% on the last day (Thursday, 28th Mar 2024) from ¥2.96 to ¥2.88. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 32.33% from a day low at ¥2.66 to a day high of ¥3.52. The price has been going up and down for this period, and there has been a 1.05% gain for the last 2 weeks. Volume has increased on the last day by 114 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 137 million shares were bought and sold for approximately ¥394.20 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.97% during the next 3 months and, with a 90% probability hold a price between ¥1.54 and ¥3.33 at the end of this 3-month period.

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002308.SZ Signals & Forecast

The Vtron Group 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 ¥3.30. On a fall, the stock will find some support from the long-term average at approximately ¥2.71. 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. 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 Thursday, March 21, 2024, and so far it has fallen -20.00%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Vtron Group Co Ltd stock

Vtron Group Co Ltd finds support from accumulated volume at ¥2.87 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 ¥0.86 between high and low, or 32.33%. For the last week, the stock has had daily average volatility of 17.85%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (002308.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Vtron Group Co Ltd to open at ¥3.02, and during the day (based on 14 day Average True Range), to move between ¥2.58 and ¥3.18, which gives a possible trading interval of +/-¥0.298 (+/-10.36%) up or down from last closing price. If Vtron Group Co Ltd takes out the full calculated possible swing range there will be an estimated 20.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥2.87 (0.35%) than the resistance at ¥2.91 (1.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Vtron Group Co Ltd stock A Buy?

Vtron Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.996 Sell Candidate Downgraded

Predicted Opening Price for Vtron Group Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥3.02 ( 4.86%) ¥2.88

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 002308.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.88 34.72 %
R2 3.55 23.32 %
R1 3.35 16.27 %
Current price: 2.88
Support S1 2.69 -6.55 %
S2 2.49 -13.59 %
S3 2.16 -25.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.57 23.96 %
R2 3.52 22.22 %
R1 2.91 1.04 %
Current price 2.88
Support S1 2.87 -0.347%
S2 2.78 -3.47%
S3 2.64 -8.33%

002308 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 06, 2018 Jul 06, 2018 Jul 06, 2018 ¥0.0430 0.565%
2 Jun 21, 2016 Jun 21, 2016 Jun 21, 2016 ¥0.0150 0.101%
3 Jul 17, 2015 Jul 17, 2015 Jul 17, 2015 ¥0.0350 0.114%
4 Jul 10, 2014 Jul 10, 2014 Jul 10, 2014 ¥0.200 3.01%
5 May 29, 2013 May 29, 2013 May 29, 2013 ¥0.350 3.30%

FAQ

What is the symbol for Vtron Group Co Ltd Stock and on which exchange is it traded?
The symbol for Vtron Group Co Ltd is 002308.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Vtron Group Co Ltd Stock?
Vtron Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Vtron Group Co Ltd Stock?
Vtron Group Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Vtron Group Co Ltd Stock.

What's the current price of Vtron Group Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Vtron Group Co Ltd (002308.SZ) share was ¥2.88.

What is the 52-week high and low for Vtron Group Co Ltd Stock?
The 52-week high for Vtron Group Co Ltd Stock is ¥5.86 and the 52-week low is ¥1.62.

What is the market capitalization of Vtron Group Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Vtron Group Co Ltd is 2.87B.
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