Glodon Co Ltd Stock Forecast
Green day on Tuesday for Glodon Co Ltd stock after gaining 0.209%
(Updated on Jul 02, 2024)
The Glodon Co Ltd stock price gained 0.209% on the last trading day (Tuesday, 2nd Jul 2024), rising from ¥9.59 to ¥9.61. During the last trading day the stock fluctuated 3.76% from a day low at ¥9.58 to a day high of ¥9.94. The price has fallen in 7 of the last 10 days and is down by -10.69% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 million more shares were traded than the day before. In total, 31 million shares were bought and sold for approximately ¥301.98 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥9.24 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.54% during the next 3 months and, with a 90% probability hold a price between ¥8.92 and ¥13.10 at the end of this 3-month period.
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002410.SZ Signals & Forecast
There are mixed signals in the stock today. The Glodon Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥9.67 and ¥11.30. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.91%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Glodon Co Ltd stock
Glodon Co Ltd finds support from accumulated volume at ¥9.59 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 ¥0.360 between high and low, or 3.76%. For the last week, the stock has had daily average volatility of 4.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002410.SZ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Glodon Co Ltd to open at ¥9.71, and during the day (based on 14 day Average True Range), to move between ¥9.05 and ¥10.17, which gives a possible trading interval of +/-¥0.562 (+/-5.85%) up or down from last closing price. If Glodon Co Ltd takes out the full calculated possible swing range there will be an estimated 11.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥9.59 (0.21%) than the resistance at ¥9.68 (0.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Glodon Co Ltd stock A Buy?
Glodon 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.
Current score: -2.636 Sell Candidate Unchanged
Predicted Opening Price for Glodon Co Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ¥9.71 ( 1.04%) | ¥9.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002410.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.07 | 4.79% |
| R2 | 9.93 | 3.36% |
| R1 | 9.85 | 2.47% |
| Price | 9.61 | |
| S1 | 9.57 | -0.390% |
| S2 | 9.49 | -1.27% |
| S3 | 9.35 | -2.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.69 | 21.64% |
| R2 | 11.32 | 17.79% |
| R1 | 9.68 | 0.728% |
| Price | 9.61 | |
| S1 | 9.59 | -0.208% |
| S2 | 9.58 | -0.312% |
| S3 | 9.43 | -1.87% |
002410 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | May 23, 2024 | ¥0.0700 | 0.556% |
| 2 | May 15, 2023 | May 15, 2023 | May 15, 2023 | ¥0.400 | 1.06% |
| 3 | May 10, 2022 | May 10, 2022 | May 10, 2022 | ¥0.300 | 0.88% |
| 4 | May 10, 2021 | May 10, 2021 | May 10, 2021 | ¥0.250 | 0.523% |
| 5 | May 08, 2020 | May 08, 2020 | May 08, 2020 | ¥0.100 | 0.268% |
FAQ
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