Ke Hua Heng Sheng Co Ltd Stock Forecast
Ke Hua Heng Sheng Co Ltd stock price fell more than -6.35% Thursday closing at ¥25.22
(Updated on Apr 25, 2024)
The Ke Hua Heng Sheng Co Ltd stock price fell by -6.35% on the last day (Thursday, 25th Apr 2024) from ¥26.93 to ¥25.22. During the last trading day the stock fluctuated 9.61% from a day low at ¥24.88 to a day high of ¥27.27. The price has fallen in 6 of the last 10 days and is down by -11.57% for this period. Volume has increased on the last day by 13 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, 20 million shares were bought and sold for approximately ¥510.88 million.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ¥25.81. A reaction back to this level may hold a second chance to get out before further falls.
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002335.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Ke Hua Heng Sheng 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 ¥26.62 and ¥28.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -19.24%. 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 Ke Hua Heng Sheng Co Ltd stock
Ke Hua Heng Sheng Co Ltd finds support from accumulated volume at ¥24.78 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 ¥2.39 between high and low, or 9.61%. For the last week, the stock has had daily average volatility of 7.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002335.SZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Ke Hua Heng Sheng Co Ltd to open at ¥25.79, and during the day (based on 14 day Average True Range), to move between ¥23.46 and ¥26.98, which gives a possible trading interval of +/-¥1.76 (+/-6.98%) up or down from last closing price. If Ke Hua Heng Sheng Co Ltd takes out the full calculated possible swing range there will be an estimated 13.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥24.78 (1.74%) than the resistance at ¥28.76 (14.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ke Hua Heng Sheng Co Ltd stock A Buy?
The Ke Hua Heng Sheng Co Ltd stock holds several negative signals and despite the positive trend, we believe Ke Hua Heng Sheng Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.556 Sell Candidate Unchanged
Predicted Opening Price for Ke Hua Heng Sheng Co Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ¥25.79 ( 2.26%) | ¥25.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002335.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.18 | 11.74 % | |
| R2 | 27.27 | 8.12 % | ||
| R1 | 26.70 | 5.88 % | ||
| Current price: | 25.22 | |||
| Support | S1 | 24.88 | -1.36 % | |
| S2 | 24.31 | -3.60 % | ||
| S3 | 23.40 | -7.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.13 | 23.43 % | |
| R2 | 30.87 | 22.40 % | ||
| R1 | 28.76 | 14.04 % | ||
| Current price | 25.22 | |||
| Support | S1 | 24.78 | -1.74% | |
| S2 | 23.97 | -4.96% | ||
| S3 | 22.06 | -12.53% |
002335 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2023 | May 31, 2023 | May 31, 2023 | ¥0.0500 | 0.133% |
| 2 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | ¥0.0900 | 0.363% |
| 3 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | ¥0.300 | 1.82% |
| 4 | Jun 02, 2020 | Jun 02, 2020 | Jun 02, 2020 | ¥0.353 | 2.95% |
| 5 | May 31, 2019 | May 31, 2019 | May 31, 2019 | ¥0.588 | 5.48% |
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