Suzhou Dongshan Precision Manufacturing Stock Forecast

Red day on Tuesday for Suzhou Dongshan Precision Manufacturing
(Updated on Jun 25, 2024)

002384.SZ Signals & Forecast

The Suzhou Dongshan Precision Manufacturing stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥18.59 and ¥16.38. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -3.51%. Further fall is indicated until a new bottom pivot has been found. 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 Suzhou Dongshan Precision Manufacturing stock

Suzhou Dongshan Precision Manufacturing finds support from accumulated volume at ¥18.64 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 ¥1.18 between high and low, or 6.50%. For the last week, the stock has had daily average volatility of 14.93%.

Our recommended stop-loss: ¥17.68 (-5.30%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 45 days ago.)

Trading Expectations (002384.SZ) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Suzhou Dongshan Precision Manufacturing Co., Ltd. to open at ¥18.72, and during the day (based on 14 day Average True Range), to move between ¥17.31 and ¥20.03, which gives a possible trading interval of +/-¥1.36 (+/-7.28%) up or down from last closing price. If Suzhou Dongshan Precision Manufacturing Co., Ltd. takes out the full calculated possible swing range there will be an estimated 14.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥18.64 (0.16%) than the resistance at ¥18.96 (1.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Suzhou Dongshan Precision Manufacturing Co., Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Suzhou Dongshan Precision Manufacturing stock to perform well in the short-term.

Current score: 1.565 Buy Candidate Unchanged

Predicted Opening Price for Suzhou Dongshan Precision Manufacturing Co., Ltd. of Wednesday, June 26, 2024

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