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AI Analysis of 002407.SZ
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Weaker technical forecast for Do-Fluoride Chemicals Co.,Ltd. as stock downgraded to Sell Candidate.
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The Do-Fluoride Chemicals Co.,Ltd. stock price fell by -4.41% on the last day (Wednesday, 27th Mar 2024) from ¥14.98 to ¥14.32. During the last trading day the stock fluctuated 6.97% from a day low at ¥13.91 to a day high of ¥14.88. The price has risen in 6 of the last 10 days and is up by 0.56% 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 -13 million shares and in total, 39 million shares were bought and sold for approximately ¥562.79 million.

The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ¥14.98 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Do-Fluoride Chemicals Co.,Ltd. stock with a 90% probability to be traded between ¥10.36 and ¥14.86 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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002407.SZ Signals & Forecast

The Do-Fluoride Chemicals 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 ¥14.53. On a fall, the stock will find some support from the long-term average at approximately ¥13.39. 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. 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. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -4.41%. 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 Do-Fluoride Chemicals Co.,Ltd. stock

Do-Fluoride Chemicals Co.,Ltd. finds support from accumulated volume at ¥14.24 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 ¥0.97 between high and low, or 6.97%. For the last week, the stock has had daily average volatility of 5.35%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (002407.SZ) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Do-Fluoride Chemicals Co.,Ltd. to open at ¥14.37, and during the day (based on 14 day Average True Range), to move between ¥13.70 and ¥14.94, which gives a possible trading interval of +/-¥0.615 (+/-4.30%) up or down from last closing price. If Do-Fluoride Chemicals Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 8.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥14.35 (0.21%) than the support at ¥14.24 (0.56%), 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 Do-Fluoride Chemicals Co.,Ltd. stock A Buy?

Do-Fluoride Chemicals 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 Buy to a Sell candidate.

Current score: -2.996 Sell Candidate Downgraded

Predicted Opening Price for Do-Fluoride Chemicals Co.,Ltd. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
¥14.37 ( 0.349%) ¥14.32

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 002407.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.34 7.12 %
R2 14.97 4.54 %
R1 14.74 2.94 %
Current price: 14.32
Support S1 14.00 -2.24 %
S2 13.77 -3.84 %
S3 13.40 -6.42 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 14.98 4.61 %
R2 14.56 1.68 %
R1 14.35 0.209 %
Current price 14.32
Support S1 14.24 -0.559%
S2 13.37 -6.63%
S3 13.08 -8.66%

002407 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 25, 2023 Apr 25, 2023 Apr 25, 2023 ¥0.600 2.82%
2 Apr 22, 2022 Apr 22, 2022 Apr 22, 2022 ¥0.214 0.91%
3 Oct 25, 2021 Oct 25, 2021 Oct 25, 2021 ¥0.143 0.313%
4 May 27, 2020 May 27, 2020 May 27, 2020 ¥0.0071 0.0953%
5 Jul 05, 2019 Jul 05, 2019 Jul 05, 2019 ¥0.143 1.51%

FAQ

What is the symbol for Do-Fluoride Chemicals Co.,Ltd. Stock and on which exchange is it traded?
The symbol for Do-Fluoride Chemicals Co.,Ltd. is 002407.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Do-Fluoride Chemicals Co.,Ltd. Stock?
Do-Fluoride Chemicals 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 Buy to a Sell candidate.

How to buy Do-Fluoride Chemicals Co.,Ltd. Stock?
Do-Fluoride Chemicals Co.,Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Do-Fluoride Chemicals Co.,Ltd. Stock.

What's the current price of Do-Fluoride Chemicals Co.,Ltd. Stock?
As of the end of day on the 2024-03-27, the price of an Do-Fluoride Chemicals Co.,Ltd. (002407.SZ) share was ¥14.32.

What is the 52-week high and low for Do-Fluoride Chemicals Co.,Ltd. Stock?
The 52-week high for Do-Fluoride Chemicals Co.,Ltd. Stock is ¥35.20 and the 52-week low is ¥10.05.

What is the market capitalization of Do-Fluoride Chemicals Co.,Ltd. Stock?
As of the 2024-03-27, the market capitalization of Do-Fluoride Chemicals Co.,Ltd. is 16.376B.
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About Do-Fluoride Chemicals Co.,Ltd.

Do-Fluoride New Materials Co., Ltd. engages in the research and development, production, and sale of inorganic fluorides, electronic chemicals, lithium-ion batteries, and materials in China and internationally. The company offers smelting grade fluorides, such as anhydrous aluminum and hydrogen fluorides, synthetic cryolite, and granulated synthetic cryolite; sodium fluoride and fluosilicate, potassium fluoaluminate and borofluoride, and anhydrou... 002407.SZ Profile

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