Chengdu Wintrue Holding Co Ltd Stock Forecast
Red day on Friday for Chengdu Wintrue Holding Co Ltd
(Updated on May 10, 2024)
The Chengdu Wintrue Holding Co Ltd stock price fell by -1.25% on the last day (Friday, 10th May 2024) from ¥8.77 to ¥8.66. During the last trading day the stock fluctuated 3.38% from a day low at ¥8.59 to a day high of ¥8.88. The price has risen in 7 of the last 10 days and is up by 15.93% 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 -3 million shares and in total, 14 million shares were bought and sold for approximately ¥120.20 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ¥8.78 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.65% during the next 3 months and, with a 90% probability hold a price between ¥8.07 and ¥9.36 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002539.SZ Signals & Forecast
The Chengdu Wintrue Holding Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥8.51 and ¥7.92. 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). 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 Thursday, May 09, 2024, and so far it has fallen -1.25%. Further fall is indicated until a new bottom pivot has been found. 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 Chengdu Wintrue Holding Co Ltd stock
Chengdu Wintrue Holding Co Ltd finds support from accumulated volume at ¥8.60 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 ¥0.290 between high and low, or 3.38%. For the last week, the stock has had daily average volatility of 8.52%.
Our recommended stop-loss: ¥8.31 (-4.10%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (002539.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Chengdu Wintrue Holding Co Ltd to open at ¥8.71, and during the day (based on 14 day Average True Range), to move between ¥8.22 and ¥9.10, which gives a possible trading interval of +/-¥0.442 (+/-5.11%) up or down from last closing price. If Chengdu Wintrue Holding Co Ltd takes out the full calculated possible swing range there will be an estimated 10.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥8.60 (0.69%) than the resistance at ¥8.74 (0.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Chengdu Wintrue Holding 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 Chengdu Wintrue Holding Co Ltd stock to perform well in the short-term.
Current score: 3.138 Buy Candidate Unchanged
Predicted Opening Price for Chengdu Wintrue Holding Co Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ¥8.71 ( 0.577%) | ¥8.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002539.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.00 | 3.93 % | |
| R2 | 8.89 | 2.65 % | ||
| R1 | 8.82 | 1.86 % | ||
| Current price: | 8.66 | |||
| Support | S1 | 8.60 | -0.702 % | |
| S2 | 8.53 | -1.49 % | ||
| S3 | 8.42 | -2.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 8.77 | 1.27 % | ||
| R1 | 8.74 | 0.92 % | ||
| Current price | 8.66 | |||
| Support | S1 | 8.60 | -0.693% | |
| S2 | 7.99 | -7.74% | ||
| S3 | 7.93 | -8.43% |
002539 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 12, 2023 | May 12, 2023 | May 12, 2023 | ¥0.300 | 2.97% |
| 2 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | ¥0.400 | 2.40% |
| 3 | May 19, 2021 | May 19, 2021 | May 19, 2021 | ¥0.200 | 2.40% |
| 4 | Jun 17, 2020 | Jun 17, 2020 | Jun 17, 2020 | ¥0.150 | 2.22% |
| 5 | May 29, 2019 | May 29, 2019 | May 29, 2019 | ¥0.100 | 2.11% |
FAQ
Click here for our free guide on how to buy Chengdu Wintrue Holding Co Ltd Stock.
