Chengdu Santai Holding Group Co., Ltd. Stock Forecast
Chengdu Santai Holding Group Co., Ltd. stock price down 0% on Monday
(Updated on Jun 17, 2024)
No changes to the price of Chengdu Santai Holding Group Co., Ltd. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 1.86% from a day low at ¥6.98 to a day high of ¥7.11. The price has fallen in 5 of the last 10 days and is down by -7.95% for this period.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥7.02 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.75% during the next 3 months and, with a 90% probability hold a price between ¥7.70 and ¥9.69 at the end of this 3-month period.
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002312.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 1.00%. 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 Chengdu Santai Holding Group 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 ¥7.18 and ¥7.49. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Chengdu Santai Holding Group Co., Ltd. stock
Chengdu Santai Holding Group Co., Ltd. finds support from accumulated volume at ¥7.05 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 ¥0.130 between high and low, or 1.86%. For the last week, the stock has had daily average volatility of 4.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002312.SZ) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Chengdu Santai Holding Group Co., Ltd. to open at ¥7.05, and during the day (based on 14 day Average True Range), to move between ¥6.62 and ¥7.50, which gives a possible trading interval of +/-¥0.440 (+/-6.24%) up or down from last closing price. If Chengdu Santai Holding Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 12.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.05 (0.14%) than the resistance at ¥7.87 (11.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Chengdu Santai Holding Group Co., Ltd. stock A Buy?
The Chengdu Santai Holding Group Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Chengdu Santai Holding Group Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.115 Sell Candidate Unchanged
Predicted Opening Price for Chengdu Santai Holding Group Co., Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ¥7.05 ( 0.142%) | ¥7.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002312.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.18 | 1.70% |
| R2 | 7.13 | 1.00% |
| R1 | 7.10 | 0.562% |
| Price | 7.06 | |
| S1 | 7.00 | -0.85% |
| S2 | 6.97 | -1.28% |
| S3 | 6.92 | -1.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.56 | 21.25% |
| R2 | 8.15 | 15.44% |
| R1 | 7.87 | 11.47% |
| Price | 7.06 | |
| S1 | 7.05 | -0.142% |
| S2 | 7.03 | -0.425% |
| S3 | 6.87 | -2.69% |
002312 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | May 24, 2024 | ¥0.0900 | 1.14% |
| 2 | Jun 28, 2023 | Jun 28, 2023 | Jun 28, 2023 | ¥0.220 | 2.73% |
| 3 | Jul 18, 2016 | Jul 18, 2016 | Jul 18, 2016 | ¥0.0500 | 0.399% |
| 4 | Jun 02, 2015 | Jun 02, 2015 | Jun 02, 2015 | ¥0.0381 | 0.0936% |
| 5 | Apr 25, 2014 | Apr 25, 2014 | Apr 25, 2014 | ¥0.0255 | 0.314% |
FAQ
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