Great Chinasoft Technology Co Ltd Stock Forecast
Great Chinasoft Technology Co Ltd stock upgraded to Sell Candidate.
(Updated on Apr 24, 2024)
No changes to the price of Great Chinasoft Technology Co Ltd stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 3.81% from a day low at ¥5.25 to a day high of ¥5.45. The price has fallen in 6 of the last 10 days and is down by -12.58% for this period.
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 ¥4.85 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.94% during the next 3 months and, with a 90% probability hold a price between ¥3.84 and ¥5.93 at the end of this 3-month period.
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002453.SZ Signals & Forecast
There are mixed signals in the stock today. The Great Chinasoft Technology 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 ¥6.45. On a fall, the stock will find some support from the short-term average at ¥5.25. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.73%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Great Chinasoft Technology Co Ltd stock
Great Chinasoft Technology Co Ltd finds support from accumulated volume at ¥5.29 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 ¥0.200 between high and low, or 3.81%. For the last week, the stock has had daily average volatility of 10.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002453.SZ) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Great Chinasoft Technology Co Ltd to open at ¥5.35, and during the day (based on 14 day Average True Range), to move between ¥4.84 and ¥5.86, which gives a possible trading interval of +/-¥0.513 (+/-9.60%) up or down from last closing price. If Great Chinasoft Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 19.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.29 (1.12%) than the resistance at ¥5.50 (2.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Great Chinasoft Technology Co Ltd stock A Buy?
Great Chinasoft Technology 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.484 Sell Candidate Upgraded
Predicted Opening Price for Great Chinasoft Technology Co Ltd of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
¥5.35 ( 0.00000000%) | ¥5.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002453.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.55 | 3.74 % | |
R2 | 5.47 | 2.31 % | ||
R1 | 5.43 | 1.43 % | ||
Current price: | 5.35 | |||
Support | S1 | 5.27 | -1.43 % | |
S2 | 5.23 | -2.31 % | ||
S3 | 5.15 | -3.74 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.35 | 18.69 % | |
R2 | 6.11 | 14.21 % | ||
R1 | 5.50 | 2.80 % | ||
Current price | 5.35 | |||
Support | S1 | 5.29 | -1.12% | |
S2 | 5.27 | -1.50% | ||
S3 | 5.06 | -5.42% |
002453 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 02, 2016 | Jun 02, 2016 | Jun 02, 2016 | ¥0.0130 | 0.147% |
2 | Jun 15, 2015 | Jun 15, 2015 | Jun 15, 2015 | ¥0.0200 | 0.125% |
3 | Apr 21, 2014 | Apr 21, 2014 | Apr 21, 2014 | ¥0.0500 | 0.84% |
4 | May 16, 2013 | May 16, 2013 | May 16, 2013 | ¥0.0750 | 1.29% |
5 | Apr 17, 2012 | Apr 17, 2012 | Apr 17, 2012 | ¥0.0500 | 0.88% |
FAQ
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