SHANDONG MOLONG/Shs A Vtg 1.00 Stock Forecast
SHANDONG MOLONG/Shs A Vtg 1.00 stock price ended at ¥2.42 on Tuesday, after gaining 0.83%.
(Updated on Apr 30, 2024)
The SHANDONG MOLONG/Shs A Vtg 1.00 stock price gained 0.83% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥2.40 to ¥2.42. During the last trading day the stock fluctuated 6.93% from a day low at ¥2.31 to a day high of ¥2.47. The price has fallen in 6 of the last 10 days and is down by -11.03% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 748 thousand more shares were traded than the day before. In total, 24 million shares were bought and sold for approximately ¥57.73 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.27% during the next 3 months and, with a 90% probability hold a price between ¥1.77 and ¥2.74 at the end of this 3-month period.
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002490.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 9.50%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SHANDONG MOLONG/Shs A Vtg 1.00 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 ¥2.99. On a fall, the stock will find some support from the short-term average at ¥2.33. 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.
Support, Risk & Stop-loss for SHANDONG MOLONG/Shs A Vtg 1.00 stock
SHANDONG MOLONG/Shs A Vtg 1.00 finds support from accumulated volume at ¥2.37 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.160 between high and low, or 6.93%. For the last week, the stock has had daily average volatility of 6.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002490.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect SHANDONG MOLONG/Shs A Vtg 1.00 to open at ¥2.40, and during the day (based on 14 day Average True Range), to move between ¥2.23 and ¥2.61, which gives a possible trading interval of +/-¥0.195 (+/-8.05%) up or down from last closing price. If SHANDONG MOLONG/Shs A Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 16.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥2.37 (2.07%) than the resistance at ¥2.58 (6.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SHANDONG MOLONG/Shs A Vtg 1.00 stock A Buy?
SHANDONG MOLONG/Shs A Vtg 1.00 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: -2.866 Sell Candidate Unchanged
Predicted Opening Price for SHANDONG MOLONG/Shs A Vtg 1.00 of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
¥2.40 ( 0.83%) | ¥2.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002490.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.56 | 5.79 % | |
R2 | 2.50 | 3.26 % | ||
R1 | 2.46 | 1.70 % | ||
Current price: | 2.42 | |||
Support | S1 | 2.34 | -3.35 % | |
S2 | 2.30 | -4.91 % | ||
S3 | 2.24 | -7.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.87 | 18.60 % | |
R2 | 2.73 | 12.81 % | ||
R1 | 2.58 | 6.61 % | ||
Current price | 2.42 | |||
Support | S1 | 2.37 | -2.07% | |
S2 | 2.33 | -3.72% | ||
S3 | 2.21 | -8.68% |
002490 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 29, 2013 | Jul 29, 2013 | Jul 29, 2013 | ¥0.0500 | 0.565% |
2 | Jul 20, 2012 | Jul 20, 2012 | Jul 20, 2012 | ¥0.0500 | 0.621% |
3 | Jun 13, 2011 | Jun 13, 2011 | Jun 13, 2011 | ¥0.0750 | 1.01% |
FAQ
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