Ke Hua Heng Sheng Co Ltd Stock Forecast
Volatile ride for Ke Hua Heng Sheng Co Ltd stock price on Tuesday moving between ¥23.99 and ¥27.33
(Updated on Apr 30, 2024)
The Ke Hua Heng Sheng Co Ltd stock price fell by -2.68% on the last day (Tuesday, 30th Apr 2024) from ¥27.24 to ¥26.51. During the last trading day the stock fluctuated 13.92% from a day low at ¥23.99 to a day high of ¥27.33. The price has been going up and down for this period, and there has been a -0.38% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 13 million shares were bought and sold for approximately ¥334.01 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥25.38 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 27.81% during the next 3 months and, with a 90% probability hold a price between ¥32.44 and ¥42.98 at the end of this 3-month period.
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002335.SZ Signals & Forecast
There are mixed signals in the stock today. The Ke Hua Heng Sheng Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥28.26. On a fall, the stock will find some support from the short-term average at ¥26.45. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -15.11%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Ke Hua Heng Sheng Co Ltd stock
Ke Hua Heng Sheng Co Ltd finds support from accumulated volume at ¥25.22 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 ¥3.34 between high and low, or 13.92%. For the last week, the stock has had daily average volatility of 11.77%.
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect Ke Hua Heng Sheng Co Ltd to open at ¥25.94, and during the day (based on 14 day Average True Range), to move between ¥24.40 and ¥28.62, which gives a possible trading interval of +/-¥2.11 (+/-7.95%) 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 15.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥25.22 (4.87%) than the resistance at ¥28.76 (8.49%), 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?
Ke Hua Heng Sheng Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.627 Sell Candidate Unchanged
Predicted Opening Price for Ke Hua Heng Sheng Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥25.94 ( 2.14%) | ¥26.51 |
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 | 29.28 | 10.46 % | |
| R2 | 28.01 | 5.65 % | ||
| R1 | 27.22 | 2.68 % | ||
| Current price: | 26.51 | |||
| Support | S1 | 24.67 | -6.95 % | |
| S2 | 23.88 | -9.92 % | ||
| S3 | 22.60 | -14.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.13 | 17.43 % | |
| R2 | 30.87 | 16.45 % | ||
| R1 | 28.76 | 8.49 % | ||
| Current price | 26.51 | |||
| Support | S1 | 25.22 | -4.87% | |
| S2 | 24.78 | -6.53% | ||
| S3 | 23.97 | -9.58% |
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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