Sichuan Yahua Industrial Group Co Ltd Stock Forecast
Green day on Friday for Sichuan Yahua Industrial Group Co Ltd stock after gaining 2.63%
(Updated on Apr 26, 2024)
The Sichuan Yahua Industrial Group Co Ltd stock price gained 2.63% on the last trading day (Friday, 26th Apr 2024), rising from ¥9.88 to ¥10.14. During the last trading day the stock fluctuated 5.45% from a day low at ¥9.72 to a day high of ¥10.25. The price has fallen in 6 of the last 10 days and is down by -5.23% for this period. Volume fell on the last day by -1 million shares and in total, 18 million shares were bought and sold for approximately ¥186.46 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 Sichuan Yahua Industrial Group Co Ltd stock with a 90% probability to be traded between ¥8.67 and ¥11.61 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.
002497.SZ Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sichuan Yahua Industrial Group 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 ¥10.78. On a fall, the stock will find some support from the short-term average at ¥10.00. 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. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -12.06%. 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 Sichuan Yahua Industrial Group Co Ltd stock
Sichuan Yahua Industrial Group Co Ltd finds support from accumulated volume at ¥9.70 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 ¥0.530 between high and low, or 5.45%. For the last week, the stock has had daily average volatility of 6.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002497.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Sichuan Yahua Industrial Group Co Ltd to open at ¥10.04, and during the day (based on 14 day Average True Range), to move between ¥9.51 and ¥10.77, which gives a possible trading interval of +/-¥0.628 (+/-6.20%) up or down from last closing price. If Sichuan Yahua Industrial Group Co Ltd takes out the full calculated possible swing range there will be an estimated 12.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥10.18 (0.39%) than the support at ¥9.70 (4.34%), 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 Sichuan Yahua Industrial Group Co Ltd stock A Buy?
Sichuan Yahua Industrial Group Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.178 Sell Candidate Unchanged
Predicted Opening Price for Sichuan Yahua Industrial Group Co Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥10.04 ( 1.02%) | ¥10.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002497.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.57 | 4.21 % | |
| R2 | 10.36 | 2.21 % | ||
| R1 | 10.24 | 0.98 % | ||
| Current price: | 10.14 | |||
| Support | S1 | 9.83 | -3.02 % | |
| S2 | 9.71 | -4.25 % | ||
| S3 | 9.51 | -6.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.45 | 12.92 % | |
| R2 | 11.38 | 12.23 % | ||
| R1 | 10.18 | 0.394 % | ||
| Current price | 10.14 | |||
| Support | S1 | 9.70 | -4.34% | |
| S2 | 9.25 | -8.78% | ||
| S3 | 8.58 | -15.38% |
002497 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ¥0.470 | 2.70% |
| 2 | Jun 22, 2022 | Jun 22, 2022 | Jun 22, 2022 | ¥0.0300 | 0.0985% |
| 3 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | ¥0.0150 | 0.0660% |
| 4 | Jul 06, 2020 | Jul 06, 2020 | Jul 06, 2020 | ¥0.0150 | 0.150% |
| 5 | Jul 08, 2019 | Jul 08, 2019 | Jul 08, 2019 | ¥0.0200 | 0.300% |
FAQ
Click here for our free guide on how to buy Sichuan Yahua Industrial Group Co Ltd Stock.
