TIANJIN SAIXIANG TECHNOLOGY CO.,LTD Stock Forecast
TIANJIN SAIXIANG TECHNOLOGY CO.,LTD stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 06, 2024)
The TIANJIN SAIXIANG TECHNOLOGY CO.,LTD stock price gained 1.10% on the last trading day (Monday, 6th May 2024), rising from ¥4.54 to ¥4.59. During the last trading day the stock fluctuated 1.76% from a day low at ¥4.54 to a day high of ¥4.62. The price has risen in 6 of the last 10 days and is up by 4.56% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 11 million shares were bought and sold for approximately ¥51.59 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 weak 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 5.15% during the next 3 months and, with a 90% probability hold a price between ¥4.27 and ¥5.56 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002337.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 14.46%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The TIANJIN SAIXIANG TECHNOLOGY 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 ¥4.74. On a fall, the stock will find some support from the short-term average at ¥4.53. 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.
Support, Risk & Stop-loss for TIANJIN SAIXIANG TECHNOLOGY CO.,LTD stock
TIANJIN SAIXIANG TECHNOLOGY CO.,LTD finds support from accumulated volume at ¥4.44 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 ¥0.0800 between high and low, or 1.76%. For the last week, the stock has had daily average volatility of 3.36%.
Our recommended stop-loss: ¥4.42 (-3.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (002337.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect TIANJIN SAIXIANG TECHNOLOGY CO.,LTD to open at ¥4.58, and during the day (based on 14 day Average True Range), to move between ¥4.33 and ¥4.85, which gives a possible trading interval of +/-¥0.259 (+/-5.64%) up or down from last closing price. If TIANJIN SAIXIANG TECHNOLOGY CO.,LTD takes out the full calculated possible swing range there will be an estimated 11.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥4.62 (0.65%) than the support at ¥4.44 (3.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is TIANJIN SAIXIANG TECHNOLOGY CO.,LTD stock A Buy?
TIANJIN SAIXIANG TECHNOLOGY CO.,LTD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.097 Hold/Accumulate Upgraded
Predicted Opening Price for TIANJIN SAIXIANG TECHNOLOGY CO.,LTD of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥4.58 ( 0.145%) | ¥4.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002337.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.66 | 1.60 % | |
| R2 | 4.63 | 0.93 % | ||
| R1 | 4.61 | 0.521 % | ||
| Current price: | 4.59 | |||
| Support | S1 | 4.55 | -0.81 % | |
| S2 | 4.53 | -1.22 % | ||
| S3 | 4.50 | -1.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.15 | 12.20 % | |
| R2 | 4.82 | 5.01 % | ||
| R1 | 4.62 | 0.654 % | ||
| Current price | 4.59 | |||
| Support | S1 | 4.44 | -3.27% | |
| S2 | 4.26 | -7.19% | ||
| S3 | 3.99 | -13.07% |
002337 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2020 | May 20, 2020 | May 20, 2020 | ¥0.0200 | 0.617% |
| 2 | Jun 14, 2018 | Jun 14, 2018 | Jun 14, 2018 | ¥0.0100 | 0.287% |
| 3 | Apr 29, 2014 | Apr 29, 2014 | Apr 29, 2014 | ¥0.0833 | 2.45% |
| 4 | May 16, 2013 | May 16, 2013 | May 16, 2013 | ¥0.0833 | 2.83% |
| 5 | May 25, 2012 | May 25, 2012 | May 25, 2012 | ¥0.0333 | 0.88% |
FAQ
Click here for our free guide on how to buy TIANJIN SAIXIANG TECHNOLOGY CO.,LTD Stock.
