Foshan Nationstar Optoelectronics Co Ltd Stock Forecast
Foshan Nationstar Optoelectronics Co Ltd stock price ended at ¥7.46 on Friday, after gaining 2.75%.
(Updated on May 17, 2024)
The Foshan Nationstar Optoelectronics Co Ltd stock price gained 2.75% on the last trading day (Friday, 17th May 2024), rising from ¥7.26 to ¥7.46. During the last trading day the stock fluctuated 3.18% from a day low at ¥7.24 to a day high of ¥7.47. The price has risen in 6 of the last 10 days and is up by 2.9% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately ¥69.85 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 Foshan Nationstar Optoelectronics Co Ltd stock with a 90% probability to be traded between ¥6.24 and ¥8.09 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002449.SZ Signals & Forecast
Mostly positive signals in the chart today. The Foshan Nationstar Optoelectronics Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥7.28 and ¥7.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 22.70%. 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 Foshan Nationstar Optoelectronics Co Ltd stock
Foshan Nationstar Optoelectronics Co Ltd finds support from accumulated volume at ¥7.40 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 ¥0.230 between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 2.73%.
Our recommended stop-loss: ¥7.05 (-5.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (002449.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Foshan Nationstar Optoelectronics Co Ltd to open at ¥7.39, and during the day (based on 14 day Average True Range), to move between ¥7.15 and ¥7.77, which gives a possible trading interval of +/-¥0.315 (+/-4.22%) up or down from last closing price. If Foshan Nationstar Optoelectronics Co Ltd takes out the full calculated possible swing range there will be an estimated 8.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥7.51 (0.67%) than the support at ¥7.40 (0.80%), 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 Foshan Nationstar Optoelectronics Co Ltd stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Foshan Nationstar Optoelectronics Co Ltd stock to perform well in the short-term period.
Current score: 4.298 Buy Candidate Unchanged
Predicted Opening Price for Foshan Nationstar Optoelectronics Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥7.39 ( 0.94%) | ¥7.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002449.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.62 | 2.14 % | |
| R2 | 7.53 | 0.97 % | ||
| R1 | 7.48 | 0.239 % | ||
| Current price: | 7.46 | |||
| Support | S1 | 7.30 | -2.12 % | |
| S2 | 7.25 | -2.84 % | ||
| S3 | 7.16 | -4.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.86 | 5.36 % | |
| R2 | 7.66 | 2.68 % | ||
| R1 | 7.51 | 0.670 % | ||
| Current price | 7.46 | |||
| Support | S1 | 7.40 | -0.80% | |
| S2 | 7.21 | -3.35% | ||
| S3 | 6.54 | -12.33% |
002449 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | ¥0.0600 | 0.682% |
| 2 | May 24, 2022 | May 24, 2022 | May 24, 2022 | ¥0.0500 | 0.590% |
| 3 | Jun 22, 2021 | Jun 22, 2021 | Jun 22, 2021 | ¥0.0600 | 0.618% |
| 4 | Jun 12, 2020 | Jun 12, 2020 | Jun 12, 2020 | ¥0.300 | 2.69% |
| 5 | May 15, 2019 | May 15, 2019 | May 15, 2019 | ¥0.300 | 2.15% |
FAQ
Click here for our free guide on how to buy Foshan Nationstar Optoelectronics Co Ltd Stock.
