RSI low/high Values: [ 25 - 75 ]
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AI Analysis of 002502.SZ
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Stronger technical forecast for Huawei Culture Co.,Ltd. stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Huawei Culture Co.,Ltd. stock price fell by -4.98% on the last day (Wednesday, 27th Mar 2024) from ¥2.01 to ¥1.91. During the last trading day the stock fluctuated 5.24% from a day low at ¥1.91 to a day high of ¥2.01. The price has risen in 5 of the last 10 days but is still down by -1.55% for this period. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 17 million shares were bought and sold for approximately ¥32.41 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 -20.33% during the next 3 months and, with a 90% probability hold a price between ¥1.10 and ¥1.65 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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002502.SZ Signals & Forecast

The Huawei Culture 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 ¥2.04. On a fall, the stock will find some support from the long-term average at approximately ¥1.90. 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. 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 -9.91%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Huawei Culture Co.,Ltd. stock

Huawei Culture Co.,Ltd. finds support from accumulated volume at ¥1.88 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 ¥0.1000 between high and low, or 5.24%. For the last week, the stock has had daily average volatility of 4.50%.

Our recommended stop-loss: ¥1.81 (-5.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (002502.SZ) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Huawei Culture Co.,Ltd. to open at ¥1.94, and during the day (based on 14 day Average True Range), to move between ¥1.82 and ¥2.00, which gives a possible trading interval of +/-¥0.0851 (+/-4.46%) up or down from last closing price. If Huawei Culture Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 8.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥1.94 (1.57%) than the support at ¥1.88 (1.57%), 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 Huawei Culture Co.,Ltd. stock A Buy?

Huawei Culture 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: -0.551 Hold/Accumulate Upgraded

Predicted Opening Price for Huawei Culture Co.,Ltd. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
¥1.94 ( 1.75%) ¥1.91

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

Trading levels for 002502.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.04 6.98 %
R2 2.01 4.98 %
R1 1.98 3.75 %
Current price: 1.91
Support S1 1.91 -0.255 %
S2 1.88 -1.49 %
S3 1.84 -3.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.26 18.32 %
R2 2.02 5.76 %
R1 1.94 1.57 %
Current price 1.91
Support S1 1.88 -1.57%
S2 1.83 -4.19%
S3 1.66 -13.09%

002502 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 24, 2018 Jul 24, 2018 Jul 24, 2018 ¥0.0500 0.86%
2 May 19, 2017 May 19, 2017 May 19, 2017 ¥0.0400 0.412%
3 Jun 23, 2015 Jun 23, 2015 Jun 23, 2015 ¥0.0200 0.149%
4 May 09, 2014 May 09, 2014 May 09, 2014 ¥0.0250 0.445%
5 Jul 19, 2013 Jul 19, 2013 Jul 19, 2013 ¥0.0250 0.770%

FAQ

What is the symbol for Huawei Culture Co.,Ltd. Stock and on which exchange is it traded?
The symbol for Huawei Culture Co.,Ltd. is 002502.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Huawei Culture Co.,Ltd. Stock?
Huawei Culture 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.

How to buy Huawei Culture Co.,Ltd. Stock?
Huawei Culture 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 Huawei Culture Co.,Ltd. Stock.

What's the current price of Huawei Culture Co.,Ltd. Stock?
As of the end of day on the 2024-03-27, the price of an Huawei Culture Co.,Ltd. (002502.SZ) share was ¥1.91.

What is the 52-week high and low for Huawei Culture Co.,Ltd. Stock?
The 52-week high for Huawei Culture Co.,Ltd. Stock is ¥4.02 and the 52-week low is ¥1.58.

What is the market capitalization of Huawei Culture Co.,Ltd. Stock?
As of the 2024-03-27, the market capitalization of Huawei Culture Co.,Ltd. is 1.81B.
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About Huawei Culture Co.,Ltd.

Dinglong Culture Co., Ltd. engages in the television and film businesses in the People's Republic of China and internationally. It invests in, shoots, produces, and distributes film and television dramas. The company is also involved in the titanium ore business, including mining, washing, and sale of ilmenite ore; research, development, and operation of mobile online games; and commodity trading business. In addition, it researches, develops, ma... 002502.SZ Profile

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