Shanxi Securities Co Ltd Stock Forecast
Shanxi Securities Co Ltd stock upgraded to Hold/Accumulate.
(Updated on Jun 26, 2024)
The Shanxi Securities Co Ltd stock price gained 1.46% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥4.81 to ¥4.88. During the last trading day the stock fluctuated 3.13% from a day low at ¥4.79 to a day high of ¥4.94. The price has fallen in 5 of the last 10 days and is down by -1.01% for this period. Volume fell on the last day by -8 million shares and in total, 17 million shares were bought and sold for approximately ¥83.39 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 at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ¥4.81 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Shanxi Securities Co Ltd stock with a 90% probability to be traded between ¥4.82 and ¥5.32 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.
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002500.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.46%. Further rise is indicated until a new top pivot has been found. 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 Shanxi Securities Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥4.93 and ¥5.10. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Shanxi Securities Co Ltd stock
Shanxi Securities Co Ltd finds support from accumulated volume at ¥4.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.150 (3.13%) between high and low. For the last week, the stock has had daily average volatility of 2.98%.
Our recommended stop-loss: ¥4.61 (-5.49%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (002500.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Shanxi Securities Co Ltd to open at ¥4.87, and during the day (based on 14 day Average True Range), to move between ¥4.75 and ¥5.01, which gives a possible trading interval of +/-¥0.133 (+/-2.73%) up or down from last closing price. If Shanxi Securities Co Ltd takes out the full calculated possible swing range there will be an estimated 5.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥4.89 (0.20%) than the support at ¥4.85 (0.61%), 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 Shanxi Securities Co Ltd stock A Buy?
Shanxi Securities Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.888 Hold/Accumulate Upgraded
Predicted Opening Price for Shanxi Securities Co Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥4.87 ( 0.205%) | ¥4.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002500.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.02 | 2.87% |
| R2 | 4.96 | 1.69% |
| R1 | 4.93 | 0.97% |
| Price | 4.88 | |
| S1 | 4.81 | -1.38% |
| S2 | 4.78 | -2.10% |
| S3 | 4.72 | -3.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.13 | 5.12% |
| R2 | 4.97 | 1.84% |
| R1 | 4.89 | 0.205% |
| Price | 4.88 | |
| S1 | 4.85 | -0.615% |
| S2 | 4.81 | -1.43% |
| S3 | 4.73 | -3.07% |
002500 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | ¥0.0800 | 1.43% |
| 2 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | ¥0.120 | 2.12% |
| 3 | Jun 25, 2021 | Jun 25, 2021 | Jun 25, 2021 | ¥0.110 | 1.62% |
| 4 | May 29, 2020 | May 29, 2020 | May 29, 2020 | ¥0.0950 | 1.44% |
| 5 | Jul 12, 2019 | Jul 12, 2019 | Jul 12, 2019 | ¥0.0475 | 0.579% |
FAQ
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