Shenzhen H&T Intelligent Control Co Ltd Stock Forecast
Shenzhen H&T Intelligent Control Co Ltd stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Shenzhen H&T Intelligent Control Co Ltd stock price fell by -0.248% on the last day (Tuesday, 30th Apr 2024) from ¥12.10 to ¥12.07. During the last trading day the stock fluctuated 4.03% from a day low at ¥11.66 to a day high of ¥12.13. The price has risen in 7 of the last 10 days and is up by 14.95% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -9 million shares and in total, 15 million shares were bought and sold for approximately ¥183.57 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 4.44% during the next 3 months and, with a 90% probability hold a price between ¥9.86 and ¥14.54 at the end of this 3-month period.
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002402.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shenzhen H&T Intelligent Control 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 ¥12.11. On a fall, the stock will find some support from the short-term average at ¥11.70. 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 Monday, March 18, 2024, and so far it has fallen -11.45%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Shenzhen H&T Intelligent Control Co Ltd stock
Shenzhen H&T Intelligent Control Co Ltd finds support from accumulated volume at ¥12.06 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 ¥0.470 between high and low, or 4.03%. For the last week, the stock has had daily average volatility of 4.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002402.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Shenzhen H&T Intelligent Control Co Ltd to open at ¥11.95, and during the day (based on 14 day Average True Range), to move between ¥11.52 and ¥12.62, which gives a possible trading interval of +/-¥0.549 (+/-4.54%) up or down from last closing price. If Shenzhen H&T Intelligent Control Co Ltd takes out the full calculated possible swing range there will be an estimated 9.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥12.06 (0.08%) than the resistance at ¥12.10 (0.25%), 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 H&T Intelligent Control Co Ltd stock A Buy?
Shenzhen H&T Intelligent Control 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: -4.394 Sell Candidate Downgraded
Predicted Opening Price for Shenzhen H&T Intelligent Control Co Ltd of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
¥11.95 ( 0.97%) | ¥12.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002402.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.42 | 2.93 % | |
R2 | 12.24 | 1.44 % | ||
R1 | 12.13 | 0.521 % | ||
Current price: | 12.07 | |||
Support | S1 | 11.77 | -2.45 % | |
S2 | 11.66 | -3.37 % | ||
S3 | 11.48 | -4.86 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.07 | 8.29 % | |
R2 | 12.23 | 1.33 % | ||
R1 | 12.10 | 0.249 % | ||
Current price | 12.07 | |||
Support | S1 | 12.06 | -0.0829% | |
S2 | 11.33 | -6.13% | ||
S3 | 11.13 | -7.79% |
002402 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 09, 2024 | May 09, 2024 | May 09, 2024 | ¥0.151 | 1.25% |
2 | May 04, 2023 | May 04, 2023 | May 04, 2023 | ¥0.100 | 0.639% |
3 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | ¥0.100 | 0.766% |
4 | Mar 31, 2021 | Mar 31, 2021 | Mar 31, 2021 | ¥0.100 | 0.487% |
5 | May 14, 2020 | May 14, 2020 | May 14, 2020 | ¥0.0600 | 0.398% |
FAQ
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