Goldcup Electric Apparatus Co Ltd Stock Forecast
Red day on Tuesday for Goldcup Electric Apparatus Co Ltd
(Updated on Apr 30, 2024)
The Goldcup Electric Apparatus Co Ltd stock price fell by -0.604% on the last day (Tuesday, 30th Apr 2024) from ¥9.94 to ¥9.88. During the last trading day the stock fluctuated 3.77% from a day low at ¥9.82 to a day high of ¥10.19. The price has been going up and down for this period, and there has been a -2.18% loss for the last 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 -6 million shares and in total, 20 million shares were bought and sold for approximately ¥198.74 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥9.79 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 34.69% during the next 3 months and, with a 90% probability hold a price between ¥13.19 and ¥15.11 at the end of this 3-month period.
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002533.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Goldcup Electric Apparatus Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥10.14 and ¥10.01. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -9.11%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Goldcup Electric Apparatus Co Ltd stock
Goldcup Electric Apparatus Co Ltd finds support from accumulated volume at ¥9.56 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 ¥0.370 (3.77%) between high and low. For the last week, the stock has had daily average volatility of 6.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002533.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Goldcup Electric Apparatus Co Ltd to open at ¥9.96, and during the day (based on 14 day Average True Range), to move between ¥9.34 and ¥10.42, which gives a possible trading interval of +/-¥0.538 (+/-5.45%) up or down from last closing price. If Goldcup Electric Apparatus Co Ltd takes out the full calculated possible swing range there will be an estimated 10.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥9.56 (3.24%) than the resistance at ¥10.29 (4.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Goldcup Electric Apparatus Co Ltd stock A Buy?
The Goldcup Electric Apparatus Co Ltd stock holds several negative signals and despite the positive trend, we believe Goldcup Electric Apparatus Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.592 Sell Candidate Unchanged
Predicted Opening Price for Goldcup Electric Apparatus Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥9.96 ( 0.84%) | ¥9.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002533.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.33 | 4.59 % | |
| R2 | 10.19 | 3.16 % | ||
| R1 | 10.10 | 2.27 % | ||
| Current price: | 9.88 | |||
| Support | S1 | 9.82 | -0.587 % | |
| S2 | 9.73 | -1.47 % | ||
| S3 | 9.59 | -2.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.75 | 8.81 % | |
| R2 | 10.32 | 4.45 % | ||
| R1 | 10.29 | 4.15 % | ||
| Current price | 9.88 | |||
| Support | S1 | 9.56 | -3.24% | |
| S2 | 8.46 | -14.37% | ||
| S3 | 7.65 | -22.57% |
002533 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 19, 2023 | May 19, 2023 | May 19, 2023 | ¥0.350 | 4.47% |
| 2 | May 11, 2022 | May 11, 2022 | May 11, 2022 | ¥0.300 | 4.90% |
| 3 | May 26, 2021 | May 26, 2021 | May 26, 2021 | ¥0.250 | 4.72% |
| 4 | May 19, 2020 | May 19, 2020 | May 19, 2020 | ¥0.250 | 4.50% |
| 5 | May 08, 2019 | May 08, 2019 | May 08, 2019 | ¥0.150 | 2.91% |
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