Shenzhen Snys Elctrc Mnfctrg Hldg Co Ltd Stock Forecast
Red day on Wednesday for Shenzhen Snys Elctrc Mnfctrg Hldg Co Ltd
(Updated on May 08, 2024)
The Shenzhen Snys Elctrc Mnfctrg Hldg Co Ltd stock price fell by -1.92% on the last day (Wednesday, 8th May 2024) from ¥4.17 to ¥4.09. During the last trading day the stock fluctuated 3.45% from a day low at ¥4.06 to a day high of ¥4.20. The price has risen in 6 of the last 10 days and is up by 11.14% over the past 2 weeks. Volume has increased on the last day by 1 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, 10 million shares were bought and sold for approximately ¥40.04 million.
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 5.79% during the next 3 months and, with a 90% probability hold a price between ¥3.55 and ¥6.07 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002388.SZ Signals & Forecast
There are mixed signals in the stock today. The Shenzhen Snys Elctrc Mnfctrg Hldg 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 ¥4.48. On a fall, the stock will find some support from the short-term average at ¥4.06. 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 27, 2024, and so far it has fallen -26.83%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Shenzhen Snys Elctrc Mnfctrg Hldg Co Ltd stock
Shenzhen Snys Elctrc Mnfctrg Hldg Co Ltd finds support from accumulated volume at ¥3.98 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 ¥0.140 between high and low, or 3.45%. For the last week, the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002388.SZ) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Shenzhen Snys Elctrc Mnfctrg Hldg Co Ltd to open at ¥4.12, and during the day (based on 14 day Average True Range), to move between ¥3.71 and ¥4.47, which gives a possible trading interval of +/-¥0.378 (+/-9.24%) up or down from last closing price. If Shenzhen Snys Elctrc Mnfctrg Hldg Co Ltd takes out the full calculated possible swing range there will be an estimated 18.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.98 (2.69%) than the resistance at ¥4.50 (10.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shenzhen Snys Elctrc Mnfctrg Hldg Co Ltd stock A Buy?
Shenzhen Snys Elctrc Mnfctrg Hldg 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: -2.341 Sell Candidate Unchanged
Predicted Opening Price for Shenzhen Snys Elctrc Mnfctrg Hldg Co Ltd of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ¥4.12 ( 0.652%) | ¥4.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002388.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.26 | 4.07 % | |
| R2 | 4.20 | 2.77 % | ||
| R1 | 4.17 | 1.96 % | ||
| Current price: | 4.09 | |||
| Support | S1 | 4.06 | -0.656 % | |
| S2 | 4.03 | -1.46 % | ||
| S3 | 3.98 | -2.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.07 | 23.96 % | |
| R2 | 4.80 | 17.36 % | ||
| R1 | 4.50 | 10.02 % | ||
| Current price | 4.09 | |||
| Support | S1 | 3.98 | -2.69% | |
| S2 | 3.94 | -3.67% | ||
| S3 | 3.85 | -5.87% |
002388 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 23, 2021 | Jul 23, 2021 | Jul 23, 2021 | ¥0.100 | 1.73% |
| 2 | Sep 23, 2020 | Sep 23, 2020 | Sep 23, 2020 | ¥0.100 | 1.51% |
| 3 | Jul 10, 2018 | Jul 10, 2018 | Jul 10, 2018 | ¥0.0200 | 0.326% |
| 4 | Jun 02, 2015 | Jun 02, 2015 | Jun 02, 2015 | ¥0.0050 | 0.0724% |
| 5 | Jun 06, 2014 | Jun 06, 2014 | Jun 06, 2014 | ¥0.0050 | 0.181% |
FAQ
Click here for our free guide on how to buy Shenzhen Snys Elctrc Mnfctrg Hldg Co Ltd Stock.
