Shenzhen Kstar Science And Technology Stock Forecast
Shenzhen Kstar Science And Technology stock downgraded to Sell Candidate
(Updated on May 17, 2024)
The Shenzhen Kstar Science And Technology stock price gained 0.191% on the last trading day (Friday, 17th May 2024), rising from ¥20.96 to ¥21.00. During the last trading day the stock fluctuated 8.91% from a day low at ¥20.66 to a day high of ¥22.50. The price has been going up and down for this period, and there has been a -2.91% loss for the last 2 weeks. Volume fell on the last day by -929 thousand shares and in total, 5 million shares were bought and sold for approximately ¥107.38 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 lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥20.35 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.36% during the next 3 months and, with a 90% probability hold a price between ¥18.44 and ¥22.48 at the end of this 3-month period.
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002518.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 0.623%. 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 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 Shenzhen Kstar Science And Technology 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 ¥21.79 and ¥22.43. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Shenzhen Kstar Science And Technology stock
Shenzhen Kstar Science And Technology finds support from accumulated volume at ¥20.96 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 ¥1.84 (8.91%) between high and low. For the last week, the stock has had daily average volatility of 5.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002518.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Shenzhen Kstar Science And Technology to open at ¥21.39, and during the day (based on 14 day Average True Range), to move between ¥19.75 and ¥22.25, which gives a possible trading interval of +/-¥1.25 (+/-5.97%) up or down from last closing price. If Shenzhen Kstar Science And Technology takes out the full calculated possible swing range there will be an estimated 11.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥20.96 (0.19%) than the resistance at ¥24.15 (15.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shenzhen Kstar Science And Technology stock A Buy?
Shenzhen Kstar Science And Technology holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.231 Sell Candidate Downgraded
Predicted Opening Price for Shenzhen Kstar Science And Technology of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
¥21.39 ( 1.84%) | ¥21.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002518.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.23 | 10.60 % | |
R2 | 22.52 | 7.26 % | ||
R1 | 22.09 | 5.19 % | ||
Current price: | 21.00 | |||
Support | S1 | 20.68 | -1.51 % | |
S2 | 20.25 | -3.57 % | ||
S3 | 19.55 | -6.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.22 | 24.86 % | |
R2 | 25.80 | 22.86 % | ||
R1 | 24.15 | 15.00 % | ||
Current price | 21.00 | |||
Support | S1 | 20.96 | -0.190% | |
S2 | 20.87 | -0.619% | ||
S3 | 0 | . |
002518 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 16, 2024 | May 16, 2024 | May 16, 2024 | ¥0.450 | 2.15% |
2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | ¥0.350 | 0.86% |
3 | May 26, 2022 | May 26, 2022 | May 26, 2022 | ¥0.250 | 1.14% |
4 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | ¥0.200 | 1.60% |
5 | Apr 30, 2020 | Apr 30, 2020 | Apr 30, 2020 | ¥0.200 | 1.64% |
FAQ
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