NavInfo Co., Ltd. Stock Forecast
Volatile ride for NavInfo Co., Ltd. stock price on Tuesday moving between ¥6.63 and ¥7.90
(Updated on Apr 30, 2024)
The NavInfo Co., Ltd. stock price fell by -0.93% on the last day (Tuesday, 30th Apr 2024) from ¥7.53 to ¥7.46. During the last trading day the stock fluctuated 19.16% from a day low at ¥6.63 to a day high of ¥7.90. The price has been going up and down for this period, and there has been a 17.67% gain for the last 2 weeks. Volume has increased on the last day by 4 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, 114 million shares were bought and sold for approximately ¥850.17 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 6.94% during the next 3 months and, with a 90% probability hold a price between ¥6.63 and ¥9.68 at the end of this 3-month period.
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002405.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The NavInfo 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 ¥7.46. On a fall, the stock will find some support from the short-term average at ¥6.89. 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 Thursday, March 28, 2024, and so far it has fallen -15.61%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for NavInfo Co., Ltd. stock
NavInfo Co., Ltd. finds support from accumulated volume at ¥7.45 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 ¥1.27 between high and low, or 19.16%. For the last week, the stock has had daily average volatility of 8.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002405.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect NavInfo Co., Ltd. to open at ¥7.33, and during the day (based on 14 day Average True Range), to move between ¥6.84 and ¥8.08, which gives a possible trading interval of +/-¥0.622 (+/-8.34%) up or down from last closing price. If NavInfo Co., Ltd. takes out the full calculated possible swing range there will be an estimated 16.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.45 (0.13%) than the resistance at ¥8.35 (11.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NavInfo Co., Ltd. stock A Buy?
The NavInfo Co., Ltd. stock holds several negative signals and despite the positive trend, we believe NavInfo Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -4.159 Sell Candidate Downgraded
Predicted Opening Price for NavInfo Co., Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥7.33 ( 1.74%) | ¥7.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002405.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.60 | 15.28 % | |
| R2 | 8.11 | 8.78 % | ||
| R1 | 7.82 | 4.76 % | ||
| Current price: | 7.46 | |||
| Support | S1 | 6.84 | -8.25 % | |
| S2 | 6.55 | -12.26 % | ||
| S3 | 6.06 | -18.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.84 | 18.50 % | |
| R2 | 8.64 | 15.82 % | ||
| R1 | 8.35 | 11.93 % | ||
| Current price | 7.46 | |||
| Support | S1 | 7.45 | -0.134% | |
| S2 | 7.19 | -3.62% | ||
| S3 | 6.92 | -7.24% |
002405 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | ¥0.0060 | 0.0438% |
| 2 | Aug 07, 2020 | Aug 07, 2020 | Aug 07, 2020 | ¥0.0180 | 0.0914% |
| 3 | Jun 17, 2019 | Jun 17, 2019 | Jun 17, 2019 | ¥0.0093 | 0.0597% |
| 4 | Jul 27, 2018 | Jul 27, 2018 | Jul 27, 2018 | ¥0.0280 | 0.212% |
| 5 | Jun 12, 2017 | Jun 12, 2017 | Jun 12, 2017 | ¥0.0247 | 0.209% |
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