Wuxi Double Elephant Mcr Fbr Mtrl Co Ltd Stock Forecast
Wuxi Double Elephant Mcr Fbr Mtrl Co Ltd stock price up 1.45% on Friday
(Updated on May 17, 2024)
The Wuxi Double Elephant Mcr Fbr Mtrl Co Ltd stock price gained 1.45% on the last trading day (Friday, 17th May 2024), rising from ¥15.22 to ¥15.44. During the last trading day the stock fluctuated 7.56% from a day low at ¥14.81 to a day high of ¥15.93. The price has fallen in 6 of the last 10 days and is down by -9.23% for this period. Volume fell on the last day by -370 thousand shares and in total, 11 million shares were bought and sold for approximately ¥167.92 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong 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 23.87% during the next 3 months and, with a 90% probability hold a price between ¥17.81 and ¥22.70 at the end of this 3-month period.
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002395.SZ Signals & Forecast
A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -13.21%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Wuxi Double Elephant Mcr Fbr Mtrl Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥15.52. On a fall, the stock will find some support from the long-term average at approximately ¥14.92. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Wuxi Double Elephant Mcr Fbr Mtrl Co Ltd stock
Wuxi Double Elephant Mcr Fbr Mtrl Co Ltd finds support from accumulated volume at ¥15.19 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 ¥1.12 between high and low, or 7.56%. For the last week, the stock has had daily average volatility of 5.96%.
Our recommended stop-loss: ¥14.60 (-5.44%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (002395.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Wuxi Double Elephant Mcr Fbr Mtrl Co Ltd to open at ¥15.39, and during the day (based on 14 day Average True Range), to move between ¥14.11 and ¥16.77, which gives a possible trading interval of +/-¥1.33 (+/-8.60%) up or down from last closing price. If Wuxi Double Elephant Mcr Fbr Mtrl Co Ltd takes out the full calculated possible swing range there will be an estimated 17.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥15.49 (0.32%) than the support at ¥15.19 (1.62%), 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 Wuxi Double Elephant Mcr Fbr Mtrl Co Ltd stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.286 Buy Candidate Unchanged
Predicted Opening Price for Wuxi Double Elephant Mcr Fbr Mtrl Co Ltd of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
¥15.39 ( 0.302%) | ¥15.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002395.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.51 | 6.95 % | |
R2 | 16.09 | 4.18 % | ||
R1 | 15.82 | 2.47 % | ||
Current price: | 15.44 | |||
Support | S1 | 14.97 | -3.07 % | |
S2 | 14.70 | -4.79 % | ||
S3 | 14.27 | -7.56 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.19 | 4.86 % | |
R2 | 15.93 | 3.17 % | ||
R1 | 15.49 | 0.324 % | ||
Current price | 15.44 | |||
Support | S1 | 15.19 | -1.62% | |
S2 | 15.06 | -2.46% | ||
S3 | 12.82 | -16.97% |
002395 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 06, 2021 | Jul 06, 2021 | Jul 06, 2021 | ¥0.150 | 1.32% |
2 | Jul 05, 2019 | Jul 05, 2019 | Jul 05, 2019 | ¥0.133 | 0.86% |
3 | Jul 04, 2017 | Jul 04, 2017 | Jul 04, 2017 | ¥0.0533 | 0.490% |
4 | Jun 17, 2016 | Jun 17, 2016 | Jun 17, 2016 | ¥0.0333 | 0.192% |
5 | Jun 30, 2015 | Jun 30, 2015 | Jun 30, 2015 | ¥0.0333 | 0.251% |
FAQ
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