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AI Analysis of 002351.SZ
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Red day on Tuesday for Edifier Technology Co.,Ltd.
(Updated on Apr 30, 2024)

Buy candidate since Apr 26, 2024 Loss -0.39% PDF

The Edifier Technology Co.,Ltd. stock price fell by -1.00% on the last day (Tuesday, 30th Apr 2024) from ¥12.96 to ¥12.83. During the last trading day the stock fluctuated 4.33% from a day low at ¥12.48 to a day high of ¥13.02. The price has risen in 6 of the last 10 days and is up by 14.45% over the past 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 -9 million shares and in total, 14 million shares were bought and sold for approximately ¥183.98 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.60% during the next 3 months and, with a 90% probability hold a price between ¥10.86 and ¥13.75 at the end of this 3-month period.

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002351.SZ Signals & Forecast

The Edifier Technology Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥12.30 and ¥12.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 14.45%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Edifier Technology Co.,Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at ¥12.15 and ¥11.81. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Edifier Technology Co.,Ltd. finds support just below today's level at ¥12.15. If this is broken, then the next support from accumulated volume will be at ¥11.81 and ¥11.59.

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 ¥0.540 between high and low, or 4.33%. For the last week, the stock has had daily average volatility of 5.29%.

Our recommended stop-loss: ¥12.35 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (002351.SZ) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Edifier Technology Co.,Ltd. to open at ¥12.78, and during the day (based on 14 day Average True Range), to move between ¥12.21 and ¥13.45, which gives a possible trading interval of +/-¥0.625 (+/-4.87%) up or down from last closing price. If Edifier Technology Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 9.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥12.91 (0.62%) than the support at ¥12.15 (5.30%), 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 Edifier Technology Co.,Ltd. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.414 Buy Candidate Unchanged

Predicted Opening Price for Edifier Technology Co.,Ltd. of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
¥12.78 ( 0.416%) ¥12.83

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 002351.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 13.32 3.79 %
R2 13.11 2.19 %
R1 12.98 1.19 %
Current price: 12.83
Support S1 12.57 -2.02 %
S2 12.44 -3.02 %
S3 12.24 -4.62 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 14.05 9.51 %
R2 13.81 7.64 %
R1 12.91 0.624 %
Current price 12.83
Support S1 12.15 -5.30%
S2 11.81 -7.95%
S3 11.59 -9.66%

002351 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 15, 2023 May 15, 2023 May 15, 2023 ¥0.200 0.92%
2 Jun 13, 2022 Jun 13, 2022 Jun 13, 2022 ¥0.180 2.11%
3 Jun 11, 2021 Jun 11, 2021 Jun 11, 2021 ¥0.200 1.44%
4 May 29, 2020 May 29, 2020 May 29, 2020 ¥0.100 0.528%
5 Jul 22, 2019 Jul 22, 2019 Jul 22, 2019 ¥0.0667 1.81%

FAQ

What is the symbol for Edifier Technology Co.,Ltd. Stock and on which exchange is it traded?
The symbol for Edifier Technology Co.,Ltd. is 002351.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Edifier Technology Co.,Ltd. Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Edifier Technology Co.,Ltd. Stock?
Edifier Technology Co.,Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Edifier Technology Co.,Ltd. Stock.

What's the current price of Edifier Technology Co.,Ltd. Stock?
As of the end of day on the Apr 30, 2024, the price of an Edifier Technology Co.,Ltd. (002351.SZ) share was ¥12.83.

What is the 52-week high and low for Edifier Technology Co.,Ltd. Stock?
The 52-week high for Edifier Technology Co.,Ltd. Stock is ¥23.79 and the 52-week low is ¥10.21.

What is the market capitalization of Edifier Technology Co.,Ltd. Stock?
As of the Apr 30, 2024, the market capitalization of Edifier Technology Co.,Ltd. is 11.407B.

When is the next earnings date for Edifier Technology Co.,Ltd.?
The upcoming earnings date for Edifier Technology Co.,Ltd. is Jun 05, 2025.
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About Edifier Technology Co.,Ltd.

Edifier Technology Co.Ltd. Edifier Technology Co., Ltd. provides audio solutions for home, consumer electronics, and PC multimedia applications. It offers sound bars and speaker systems; Bluetooth, portable, bookshelf, home theatre, gaming, and computer speakers; accessories; and speakers for TV and living rooms, as well as gaming and communication headphones. The company offers its products through a network of distributors in North America, South America, Oceania, Europe... 002351.SZ Profile

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