RSI low/high Values: [ 20 - 75 ]
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AI Analysis of 002456.SZ
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Volatile ride for OFILM Group Co Ltd stock price on Thursday moving between ¥9.28 and ¥10.26
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 29, 2024 Gain 23.28% PDF

The OFILM Group Co Ltd stock price gained 7.82% on the last trading day (Thursday, 28th Mar 2024), rising from ¥9.33 to ¥10.06. During the last trading day the stock fluctuated 10.56% from a day low at ¥9.28 to a day high of ¥10.26. The price has risen in 6 of the last 10 days and is up by 4.36% 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, 113 million more shares were traded than the day before. In total, 388 million shares were bought and sold for approximately ¥3.90 billion.

The stock lies in the middle of a very wide and strong 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 34.94% during the next 3 months and, with a 90% probability hold a price between ¥10.35 and ¥14.57 at the end of this 3-month period.

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002456.SZ Signals & Forecast

The OFILM Group 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 ¥10.10. On a fall, the stock will find some support from the long-term average at approximately ¥8.67. 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. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, March 20, 2024, and so far it has fallen -4.28%. 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).

Support, Risk & Stop-loss for OFILM Group Co Ltd stock

OFILM Group Co Ltd finds support from accumulated volume at ¥9.71 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 ¥0.98 between high and low, or 10.56%. For the last week, the stock has had daily average volatility of 6.85%.

Our recommended stop-loss: ¥9.56 (-5.02%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (002456.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect OFILM Group Co Ltd to open at ¥9.87, and during the day (based on 14 day Average True Range), to move between ¥9.50 and ¥10.62, which gives a possible trading interval of +/-¥0.557 (+/-5.53%) up or down from last closing price. If OFILM Group Co Ltd takes out the full calculated possible swing range there will be an estimated 11.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥10.40 (3.38%) than the support at ¥9.71 (3.48%), 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 OFILM Group Co Ltd stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for OFILM Group Co Ltd stock to perform well in the short-term.

Current score: 2.226 Buy Candidate Unchanged

Predicted Opening Price for OFILM Group Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥9.87 ( 1.92%) ¥10.06

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

Trading levels for 002456.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.85 7.82 %
R2 10.47 4.10 %
R1 10.24 1.80 %
Current price: 10.06
Support S1 9.49 -5.64 %
S2 9.26 -7.94 %
S3 8.89 -11.66 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.51 4.47 %
R2 10.50 4.37 %
R1 10.40 3.38 %
Current price 10.06
Support S1 9.71 -3.48%
S2 9.39 -6.66%
S3 8.65 -14.02%

002456 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 09, 2020 Nov 09, 2020 Nov 09, 2020 ¥0.0080 0.0471%
2 Jul 06, 2020 Jul 06, 2020 Jul 06, 2020 ¥0.0210 0.106%
3 Aug 06, 2018 Aug 06, 2018 Aug 06, 2018 ¥0.0460 0.297%
4 Jun 12, 2017 Jun 12, 2017 Jun 12, 2017 ¥0.110 0.665%
5 Jul 01, 2016 Jul 01, 2016 Jul 01, 2016 ¥0.0280 0.241%

FAQ

What is the symbol for OFILM Group Co Ltd Stock and on which exchange is it traded?
The symbol for OFILM Group Co Ltd is 002456.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell OFILM Group Co Ltd Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for OFILM Group Co Ltd stock to perform well in the short-term.

How to buy OFILM Group Co Ltd Stock?
OFILM Group 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 OFILM Group Co Ltd Stock.

What's the current price of OFILM Group Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an OFILM Group Co Ltd (002456.SZ) share was ¥10.06.

What is the 52-week high and low for OFILM Group Co Ltd Stock?
The 52-week high for OFILM Group Co Ltd Stock is ¥12.30 and the 52-week low is ¥4.50.

What is the market capitalization of OFILM Group Co Ltd Stock?
As of the 2024-03-28, the market capitalization of OFILM Group Co Ltd is 32.582B.
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About OFILM Group Co Ltd

OFILM Group Co., Ltd. manufactures and sells optic and photoelectric products. Its products include compact camera modules, touch panel modules, fingerprint recognition module, and electronic products of intelligent vehicles. The company's products are used in consumer electronics, as well as smart phones, tablets, PCs, smart cars, and wearable electronics. It operates in China, the United States, Japan, South Korea, and Europe. The company was f... 002456.SZ Profile

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