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AI Analysis of 002531.SZ
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High volatility in Titan Wind Energy (suzhou) Co Ltd stock price on Tuesday which ended trading at ¥10.38
(Updated on Apr 30, 2024)

Buy candidate since Apr 29, 2024 Gain 0.39% PDF

The Titan Wind Energy (suzhou) Co Ltd stock price gained 0.387% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥10.34 to ¥10.38. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 13.38% from a day low at ¥9.27 to a day high of ¥10.51. The price has been going up and down for this period, and there has been a 8.13% gain 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, 1 million more shares were traded than the day before. In total, 47 million shares were bought and sold for approximately ¥487.39 million.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.36% during the next 3 months and, with a 90% probability hold a price between ¥8.98 and ¥12.08 at the end of this 3-month period.

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002531.SZ Signals & Forecast

The Titan Wind Energy (suzhou) Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥9.62 and ¥10.28. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -8.14%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Titan Wind Energy (suzhou) Co Ltd stock

Titan Wind Energy (suzhou) Co Ltd finds support from accumulated volume at ¥10.34 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 ¥1.24 between high and low, or 13.38%. For the last week, the stock has had daily average volatility of 9.69%.

Our recommended stop-loss: ¥9.77 (-5.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 33 days ago.)

Trading Expectations (002531.SZ) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Titan Wind Energy (suzhou) Co Ltd to open at ¥10.05, and during the day (based on 14 day Average True Range), to move between ¥9.74 and ¥11.02, which gives a possible trading interval of +/-¥0.640 (+/-6.17%) up or down from last closing price. If Titan Wind Energy (suzhou) Co Ltd takes out the full calculated possible swing range there will be an estimated 12.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥10.42 (0.39%) than the support at ¥10.34 (0.39%), 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 Titan Wind Energy (suzhou) Co Ltd stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Titan Wind Energy (suzhou) Co Ltd stock to perform well in the short-term.

Current score: 1.046 Buy Candidate Unchanged

Predicted Opening Price for Titan Wind Energy (suzhou) Co Ltd of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
¥10.05 ( 3.15%) ¥10.38

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

Trading levels for 002531.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.29 8.80 %
R2 10.82 4.24 %
R1 10.53 1.42 %
Current price: 10.38
Support S1 9.58 -7.71 %
S2 9.29 -10.53 %
S3 8.81 -15.09 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.28 8.67 %
R2 10.59 2.02 %
R1 10.42 0.385 %
Current price 10.38
Support S1 10.34 -0.385%
S2 9.87 -4.91%
S3 9.60 -7.51%

002531 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 01, 2022 Jul 01, 2022 Jul 01, 2022 ¥0.0800 0.503%
2 Jul 02, 2021 Jul 02, 2021 Jul 02, 2021 ¥0.150 1.85%
3 Jul 10, 2020 Jul 10, 2020 Jul 10, 2020 ¥0.100 1.63%
4 Jul 11, 2019 Jul 11, 2019 Jul 11, 2019 ¥0.0601 1.09%
5 Jun 29, 2018 Jun 29, 2018 Jun 29, 2018 ¥0.0330 0.797%

FAQ

What is the symbol for Titan Wind Energy (suzhou) Co Ltd Stock and on which exchange is it traded?
The symbol for Titan Wind Energy (suzhou) Co Ltd is 002531.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Titan Wind Energy (suzhou) Co Ltd Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Titan Wind Energy (suzhou) Co Ltd stock to perform well in the short-term.

How to buy Titan Wind Energy (suzhou) Co Ltd Stock?
Titan Wind Energy (suzhou) 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 Titan Wind Energy (suzhou) Co Ltd Stock.

What's the current price of Titan Wind Energy (suzhou) Co Ltd Stock?
As of the end of day on the Apr 30, 2024, the price of an Titan Wind Energy (suzhou) Co Ltd (002531.SZ) share was ¥10.38.

What is the 52-week high and low for Titan Wind Energy (suzhou) Co Ltd Stock?
The 52-week high for Titan Wind Energy (suzhou) Co Ltd Stock is ¥17.15 and the 52-week low is ¥7.90.

What is the market capitalization of Titan Wind Energy (suzhou) Co Ltd Stock?
As of the Apr 30, 2024, the market capitalization of Titan Wind Energy (suzhou) Co Ltd is 18.652B.

When is the next earnings date for Titan Wind Energy (suzhou) Co Ltd?
The upcoming earnings date for Titan Wind Energy (suzhou) Co Ltd is May 23, 2025.
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About Titan Wind Energy (suzhou) Co Ltd

Titan Wind Energy (Suzhou) Co.,Ltd produces and sells wind towers and components in China. The company is also involved in the production and sales of wind power blades and molds; and the development, investment, construction, and operation of wind farm projects. In addition, it engages in the equity investment; finance leasing; and general import and export trade activities. The company was founded in 2005 and is based in Taicang, China.... 002531.SZ Profile

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