Shenzhen Infinova Ltd Stock Forecast
Green day on Friday for Shenzhen Infinova Ltd
(Updated on Apr 26, 2024)
The Shenzhen Infinova Ltd stock price gained 1.23% on the last trading day (Friday, 26th Apr 2024), rising from ¥5.67 to ¥5.74. During the last trading day the stock fluctuated 3.96% from a day low at ¥5.55 to a day high of ¥5.77. The price has been going up and down for this period, and there has been a -8.01% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 14 million shares were bought and sold for approximately ¥82.63 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 -9.50% during the next 3 months and, with a 90% probability hold a price between ¥4.52 and ¥6.34 at the end of this 3-month period.
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002528.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.89%. Further rise is indicated until a new top pivot has been found. 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 Shenzhen Infinova 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 ¥6.58. On a fall, the stock will find some support from the short-term average at ¥5.62. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Shenzhen Infinova Ltd stock
Shenzhen Infinova Ltd finds support from accumulated volume at ¥5.70 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.220 between high and low, or 3.96%. For the last week, the stock has had daily average volatility of 3.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002528.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Shenzhen Infinova Ltd to open at ¥5.69, and during the day (based on 14 day Average True Range), to move between ¥5.31 and ¥6.17, which gives a possible trading interval of +/-¥0.430 (+/-7.49%) up or down from last closing price. If Shenzhen Infinova Ltd takes out the full calculated possible swing range there will be an estimated 14.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.70 (0.70%) than the resistance at ¥6.97 (21.43%), 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 Infinova Ltd stock A Buy?
Shenzhen Infinova Ltd 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: -2.914 Sell Candidate Unchanged
Predicted Opening Price for Shenzhen Infinova Ltd of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
¥5.69 ( 0.93%) | ¥5.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002528.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.91 | 2.90 % | |
R2 | 5.82 | 1.44 % | ||
R1 | 5.77 | 0.535 % | ||
Current price: | 5.74 | |||
Support | S1 | 5.60 | -2.39 % | |
S2 | 5.55 | -3.30 % | ||
S3 | 5.47 | -4.76 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.09 | 23.52 % | |
R2 | 7.07 | 23.17 % | ||
R1 | 6.97 | 21.43 % | ||
Current price | 5.74 | |||
Support | S1 | 5.70 | -0.697% | |
S2 | 5.68 | -1.05% | ||
S3 | 5.65 | -1.57% |
002528 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 19, 2015 | Jun 19, 2015 | Jun 19, 2015 | ¥0.0769 | 0.647% |
2 | May 28, 2014 | May 28, 2014 | May 28, 2014 | ¥0.0789 | 1.20% |
3 | Jun 07, 2013 | Jun 07, 2013 | Jun 07, 2013 | ¥0.0789 | 2.00% |
4 | Jul 13, 2012 | Jul 13, 2012 | Jul 13, 2012 | ¥0.0526 | 1.51% |
5 | Jul 05, 2011 | Jul 05, 2011 | Jul 05, 2011 | ¥0.0493 | 0.87% |
FAQ
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