Guangdong Advertising Group Co Ltd Stock Forecast
Evaluation of Guangdong Advertising Group Co Ltd stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The Guangdong Advertising Group Co Ltd stock price fell by -2.57% on the last day (Tuesday, 30th Apr 2024) from ¥5.44 to ¥5.30. During the last trading day the stock fluctuated 4.02% from a day low at ¥5.22 to a day high of ¥5.43. The price has risen in 5 of the last 10 days and is up by 5.79% over the past 2 weeks. Volume has increased on the last day by 199 thousand 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, 56 million shares were bought and sold for approximately ¥295.78 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Guangdong Advertising Group Co Ltd stock with a 90% probability to be traded between ¥5.03 and ¥6.38 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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002400.SZ Signals & Forecast
There are mixed signals in the stock today. The Guangdong Advertising Group 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 ¥5.71. On a fall, the stock will find some support from the short-term average at ¥5.27. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.79%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Guangdong Advertising Group Co Ltd stock
Guangdong Advertising Group Co Ltd finds support from accumulated volume at ¥5.24 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 ¥0.210 between high and low, or 4.02%. For the last week, the stock has had daily average volatility of 3.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002400.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Guangdong Advertising Group Co Ltd to open at ¥5.32, and during the day (based on 14 day Average True Range), to move between ¥4.98 and ¥5.62, which gives a possible trading interval of +/-¥0.324 (+/-6.11%) up or down from last closing price. If Guangdong Advertising Group Co Ltd takes out the full calculated possible swing range there will be an estimated 12.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.24 (1.13%) than the resistance at ¥5.81 (9.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangdong Advertising Group Co Ltd stock A Buy?
Guangdong Advertising Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.950 Sell Candidate Downgraded
Predicted Opening Price for Guangdong Advertising Group Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥5.32 ( 0.314%) | ¥5.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002400.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.53 | 4.28 % | |
| R2 | 5.45 | 2.76 % | ||
| R1 | 5.40 | 1.83 % | ||
| Current price: | 5.30 | |||
| Support | S1 | 5.24 | -1.20 % | |
| S2 | 5.19 | -2.13 % | ||
| S3 | 5.11 | -3.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.20 | 16.98 % | |
| R2 | 6.02 | 13.58 % | ||
| R1 | 5.81 | 9.62 % | ||
| Current price | 5.30 | |||
| Support | S1 | 5.24 | -1.13% | |
| S2 | 5.03 | -5.09% | ||
| S3 | 4.68 | -11.70% |
002400 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | ¥0.0400 | 0.769% |
| 2 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.0160 | 0.352% |
| 3 | Jun 16, 2020 | Jun 16, 2020 | Jun 16, 2020 | ¥0.0230 | 0.211% |
| 4 | Jun 28, 2019 | Jun 28, 2019 | Jun 28, 2019 | ¥0.0100 | 0.336% |
| 5 | Jun 08, 2017 | Jun 08, 2017 | Jun 08, 2017 | ¥0.0292 | 0.371% |
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