Shenzhen Selen Science & Technlgy Co Ltd Stock Forecast
Volatile ride for Shenzhen Selen Science & Technlgy Co Ltd stock price on Friday moving between ¥1.72 and ¥2.22
(Updated on May 17, 2024)
The Shenzhen Selen Science & Technlgy Co Ltd stock price fell by -4.97% on the last day (Friday, 17th May 2024) from ¥1.81 to ¥1.72. It has now fallen 10 days in a row. During the last trading day the stock fluctuated 29.07% from a day low at ¥1.72 to a day high of ¥2.22. The price has fallen in 10 of the last 10 days and is down by -40.07% for this period. Volume has increased on the last day by 4 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, 7 million shares were bought and sold for approximately ¥11.24 million.
Given the current short-term trend, the stock is expected to fall -14.94% during the next 3 months and, with a 90% probability hold a price between ¥1.46 and ¥3.06 at the end of this 3-month period.
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002341.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Shenzhen Selen Science & Technlgy 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 ¥2.01 and ¥2.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -55.44%. 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 Shenzhen Selen Science & Technlgy Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.500 between high and low, or 29.07%. For the last week, the stock has had daily average volatility of 16.96%.
Shenzhen Selen Science & Technlgy Co Ltd is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002341.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Shenzhen Selen Science & Technlgy Co Ltd to open at ¥1.89, and during the day (based on 14 day Average True Range), to move between ¥1.40 and ¥2.04, which gives a possible trading interval of +/-¥0.323 (+/-18.76%) up or down from last closing price. If Shenzhen Selen Science & Technlgy Co Ltd takes out the full calculated possible swing range there will be an estimated 37.52% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ¥1.81, some ¥0.0900 (5.23%) from the current price of ¥1.72, our system finds the risk reward not very attractive.
Earnings coming up
Shenzhen Selen Science & Technlgy Co Ltd will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for Shenzhen Selen Science & Technlgy Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.16% in the first trading day after earnings release.
Is Shenzhen Selen Science & Technlgy Co Ltd stock A Buy?
Shenzhen Selen Science & Technlgy 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.
Current score: -5.375 Strong Sell Candidate Unchanged
Predicted Opening Price for Shenzhen Selen Science & Technlgy Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥1.89 ( 9.69%) | ¥1.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002341.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.39 | 38.76 % | |
| R2 | 2.20 | 27.66 % | ||
| R1 | 2.08 | 20.79 % | ||
| Current price: | 1.72 | |||
| Support | S1 | 1.70 | -1.41 % | |
| S2 | 1.58 | -8.28 % | ||
| S3 | 1.39 | -19.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.00 | 16.28 % | |
| R2 | 1.90 | 10.47 % | ||
| R1 | 1.81 | 5.23 % | ||
| Current price | 1.72 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
002341 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2019 | Jul 12, 2019 | Jul 12, 2019 | ¥0.0270 | 0.506% |
| 2 | Apr 04, 2018 | Apr 04, 2018 | Apr 04, 2018 | ¥0.0175 | 0.133% |
| 3 | Jun 06, 2017 | Jun 06, 2017 | Jun 06, 2017 | ¥0.0055 | 0.0653% |
| 4 | May 14, 2015 | May 14, 2015 | May 14, 2015 | ¥0.0060 | 0.0504% |
| 5 | Jul 02, 2014 | Jul 02, 2014 | Jul 02, 2014 | ¥0.0250 | 0.260% |
FAQ
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