Visionox Technology Inc Stock Forecast
Green day on Friday for Visionox Technology Inc
(Updated on Apr 26, 2024)
The Visionox Technology Inc stock price gained 0.84% on the last trading day (Friday, 26th Apr 2024), rising from ¥7.17 to ¥7.23. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.10% from a day low at ¥7.10 to a day high of ¥7.32. The price has risen in 6 of the last 10 days but is still down by -5.86% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately ¥90.90 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 -5.20% during the next 3 months and, with a 90% probability hold a price between ¥5.77 and ¥8.30 at the end of this 3-month period.
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002387.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.86%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Visionox Technology Inc 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 ¥7.93. On a fall, the stock will find some support from the short-term average at ¥7.09. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Visionox Technology Inc stock
Visionox Technology Inc finds support from accumulated volume at ¥7.20 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 ¥0.220 between high and low, or 3.10%. For the last week, the stock has had daily average volatility of 5.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002387.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Visionox Technology Inc to open at ¥7.22, and during the day (based on 14 day Average True Range), to move between ¥6.68 and ¥7.78, which gives a possible trading interval of +/-¥0.546 (+/-7.55%) up or down from last closing price. If Visionox Technology Inc takes out the full calculated possible swing range there will be an estimated 15.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.20 (0.41%) than the resistance at ¥8.34 (15.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Visionox Technology Inc stock A Buy?
Visionox Technology Inc 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: -1.721 Sell Candidate Unchanged
Predicted Opening Price for Visionox Technology Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥7.22 ( 0.184%) | ¥7.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002387.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.44 | 2.86 % | |
| R2 | 7.35 | 1.70 % | ||
| R1 | 7.30 | 0.98 % | ||
| Current price: | 7.23 | |||
| Support | S1 | 7.13 | -1.35 % | |
| S2 | 7.08 | -2.06 % | ||
| S3 | 7.00 | -3.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.45 | 16.87 % | |
| R2 | 8.36 | 15.63 % | ||
| R1 | 8.34 | 15.35 % | ||
| Current price | 7.23 | |||
| Support | S1 | 7.20 | -0.415% | |
| S2 | 6.81 | -5.81% | ||
| S3 | 6.69 | -7.47% |
002387 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2015 | May 20, 2015 | May 20, 2015 | ¥0.0067 | 0.0255% |
| 2 | Jul 08, 2014 | Jul 08, 2014 | Jul 08, 2014 | ¥0.0067 | 0.0795% |
| 3 | Jun 14, 2013 | Jun 14, 2013 | Jun 14, 2013 | ¥0.0200 | 0.357% |
| 4 | May 30, 2012 | May 30, 2012 | May 30, 2012 | ¥0.0513 | 0.568% |
| 5 | May 26, 2011 | May 26, 2011 | May 26, 2011 | ¥0.0285 | 0.342% |
FAQ
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