Taier Heavy Industry Co Ltd Stock Forecast
Taier Heavy Industry Co Ltd stock price up 1.55% on Thursday
(Updated on May 09, 2024)
The Taier Heavy Industry Co Ltd stock price gained 1.55% on the last trading day (Thursday, 9th May 2024), rising from ¥4.52 to ¥4.59. During the last trading day the stock fluctuated 3.36% from a day low at ¥4.47 to a day high of ¥4.62. The price has risen in 7 of the last 10 days and is up by 13.9% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 13 million shares were bought and sold for approximately ¥59.38 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 2.26% during the next 3 months and, with a 90% probability hold a price between ¥3.78 and ¥6.32 at the end of this 3-month period.
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002347.SZ Signals & Forecast
There are mixed signals in the stock today. The Taier Heavy Industry 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 ¥4.81. On a fall, the stock will find some support from the short-term average at ¥4.49. 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 Wednesday, March 20, 2024, and so far it has fallen -24.75%. Further fall is indicated until a new bottom 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.
Support, Risk & Stop-loss for Taier Heavy Industry Co Ltd stock
Taier Heavy Industry Co Ltd finds support from accumulated volume at ¥4.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.150 between high and low, or 3.36%. For the last week, the stock has had daily average volatility of 4.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002347.SZ) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Taier Heavy Industry Co Ltd to open at ¥4.56, and during the day (based on 14 day Average True Range), to move between ¥4.27 and ¥4.91, which gives a possible trading interval of +/-¥0.321 (+/-6.99%) up or down from last closing price. If Taier Heavy Industry Co Ltd takes out the full calculated possible swing range there will be an estimated 13.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.52 (1.53%) than the resistance at ¥4.67 (1.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Taier Heavy Industry Co Ltd stock A Buy?
Taier Heavy Industry 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: -2.868 Sell Candidate Unchanged
Predicted Opening Price for Taier Heavy Industry Co Ltd of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ¥4.56 ( 0.654%) | ¥4.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002347.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.71 | 2.61 % | |
| R2 | 4.65 | 1.37 % | ||
| R1 | 4.62 | 0.595 % | ||
| Current price: | 4.59 | |||
| Support | S1 | 4.50 | -1.90 % | |
| S2 | 4.47 | -2.67 % | ||
| S3 | 4.41 | -3.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.79 | 4.36 % | |
| R2 | 4.68 | 1.96 % | ||
| R1 | 4.67 | 1.74 % | ||
| Current price | 4.59 | |||
| Support | S1 | 4.52 | -1.53% | |
| S2 | 4.18 | -8.93% | ||
| S3 | 3.71 | -19.17% |
002347 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | ¥0.100 | 2.27% |
| 2 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | ¥0.100 | 2.40% |
| 3 | Jun 02, 2015 | Jun 02, 2015 | Jun 02, 2015 | ¥0.0150 | 0.108% |
| 4 | Apr 02, 2013 | Apr 02, 2013 | Apr 02, 2013 | ¥0.0250 | 0.656% |
| 5 | Apr 24, 2012 | Apr 24, 2012 | Apr 24, 2012 | ¥0.0833 | 2.10% |
FAQ
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