JC Finance & Tax Interconnect Hldngs Ltd Stock Forecast
Red day on Friday for JC Finance & Tax Interconnect Hldngs Ltd
(Updated on May 10, 2024)
The JC Finance & Tax Interconnect Hldngs Ltd stock price fell by -1.36% on the last day (Friday, 10th May 2024) from ¥7.37 to ¥7.27. During the last trading day the stock fluctuated 2.92% from a day low at ¥7.20 to a day high of ¥7.41. The price has risen in 6 of the last 10 days and is up by 8.18% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 5 million shares were bought and sold for approximately ¥35.99 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 -8.96% during the next 3 months and, with a 90% probability hold a price between ¥5.83 and ¥7.68 at the end of this 3-month period.
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002530.SZ Signals & Forecast
There are mixed signals in the stock today. The JC Finance & Tax Interconnect Hldngs 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 ¥7.44 and ¥7.64. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.65%. 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).
Support, Risk & Stop-loss for JC Finance & Tax Interconnect Hldngs Ltd stock
JC Finance & Tax Interconnect Hldngs Ltd finds support from accumulated volume at ¥7.07 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 ¥0.210 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 3.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002530.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect JC Finance & Tax Interconnect Hldngs Ltd to open at ¥7.29, and during the day (based on 14 day Average True Range), to move between ¥6.84 and ¥7.70, which gives a possible trading interval of +/-¥0.425 (+/-5.85%) up or down from last closing price. If JC Finance & Tax Interconnect Hldngs Ltd takes out the full calculated possible swing range there will be an estimated 11.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.07 (2.75%) than the resistance at ¥7.99 (9.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
JC Finance & Tax Interconnect Hldngs Ltd will release earnings BMO on Friday, May 17, 2024. We will update the financials statements for JC Finance & Tax Interconnect Hldngs Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.83% in the first trading day after earnings release.
Is JC Finance & Tax Interconnect Hldngs Ltd stock A Buy?
JC Finance & Tax Interconnect Hldngs 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: -1.394 Sell Candidate Unchanged
Predicted Opening Price for JC Finance & Tax Interconnect Hldngs Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ¥7.29 ( 0.321%) | ¥7.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002530.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.50 | 3.21 % | |
| R2 | 7.42 | 2.11 % | ||
| R1 | 7.37 | 1.42 % | ||
| Current price: | 7.27 | |||
| Support | S1 | 7.21 | -0.782 % | |
| S2 | 7.16 | -1.46 % | ||
| S3 | 7.08 | -2.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.47 | 16.51 % | |
| R2 | 8.16 | 12.24 % | ||
| R1 | 7.99 | 9.90 % | ||
| Current price | 7.27 | |||
| Support | S1 | 7.07 | -2.75% | |
| S2 | 6.90 | -5.09% | ||
| S3 | 6.63 | -8.80% |
002530 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 08, 2018 | Jun 08, 2018 | Jun 08, 2018 | ¥0.0313 | 0.244% |
| 2 | Apr 27, 2016 | Apr 27, 2016 | Apr 27, 2016 | ¥0.0188 | 0.117% |
| 3 | May 12, 2015 | May 12, 2015 | May 12, 2015 | ¥0.0188 | 0.223% |
| 4 | Apr 22, 2014 | Apr 22, 2014 | Apr 22, 2014 | ¥0.0313 | 0.82% |
| 5 | Apr 02, 2013 | Apr 02, 2013 | Apr 02, 2013 | ¥0.0375 | 1.05% |
FAQ
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