Beijing Lier High Temperatr Mtrls Co Ltd Stock Forecast
Beijing Lier High Temperatr Mtrls Co Ltd stock price ended at ¥3.80 on Wednesday, after gaining 1.60%.
(Updated on May 08, 2024)
The Beijing Lier High Temperatr Mtrls Co Ltd stock price gained 1.60% on the last trading day (Wednesday, 8th May 2024), rising from ¥3.74 to ¥3.80. It has now gained 3 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 3.50% from a day low at ¥3.71 to a day high of ¥3.84. The price has risen in 6 of the last 10 days and is up by 11.44% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 million more shares were traded than the day before. In total, 32 million shares were bought and sold for approximately ¥123.22 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ¥3.91 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.61% during the next 3 months and, with a 90% probability hold a price between ¥3.75 and ¥4.48 at the end of this 3-month period.
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002392.SZ Signals & Forecast
Mostly positive signals in the chart today. The Beijing Lier High Temperatr Mtrls Co Ltd 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 ¥3.70 and ¥3.52. 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 20.63%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Thursday, April 25, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, April 25, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Beijing Lier High Temperatr Mtrls Co Ltd stock
Beijing Lier High Temperatr Mtrls Co Ltd finds support from accumulated volume at ¥3.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ¥0.130 between high and low, or 3.50%. For the last week, the stock has had daily average volatility of 3.91%.
Our recommended stop-loss: ¥3.66 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (002392.SZ) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Beijing Lier High Temperatr Mtrls Co Ltd to open at ¥3.78, and during the day (based on 14 day Average True Range), to move between ¥3.62 and ¥3.98, which gives a possible trading interval of +/-¥0.177 (+/-4.65%) up or down from last closing price. If Beijing Lier High Temperatr Mtrls Co Ltd takes out the full calculated possible swing range there will be an estimated 9.31% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥3.76, some ¥0.0400 (1.05%) from the current price of ¥3.80, our system finds the risk reward attractive.
Is Beijing Lier High Temperatr Mtrls 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 Beijing Lier High Temperatr Mtrls Co Ltd stock to perform well in the short-term.
Current score: 3.979 Buy Candidate Unchanged
Predicted Opening Price for Beijing Lier High Temperatr Mtrls Co Ltd of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ¥3.78 ( 0.439%) | ¥3.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002392.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.91 | 2.98 % | |
| R2 | 3.86 | 1.68 % | ||
| R1 | 3.83 | 0.87 % | ||
| Current price: | 3.80 | |||
| Support | S1 | 3.73 | -1.75 % | |
| S2 | 3.70 | -2.55 % | ||
| S3 | 3.65 | -3.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3.80 | |||
| Support | S1 | 3.76 | -1.05% | |
| S2 | 3.74 | -1.58% | ||
| S3 | 3.69 | -2.89% |
002392 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | ¥0.0340 | 0.94% |
| 2 | Jul 15, 2020 | Jul 15, 2020 | Jul 15, 2020 | ¥0.0350 | 0.751% |
| 3 | May 20, 2019 | May 20, 2019 | May 20, 2019 | ¥0.0280 | 0.80% |
| 4 | Jun 11, 2018 | Jun 11, 2018 | Jun 11, 2018 | ¥0.0150 | 0.409% |
| 5 | May 25, 2017 | May 25, 2017 | May 25, 2017 | ¥0.0200 | 0.313% |
FAQ
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