Jiangsu Asia Pacific Lght Aly Tech CoLtd Stock Forecast
Stronger technical forecast for Jiangsu Asia Pacific Lght Aly Tech CoLtd stock price after Tuesday trading.
(Updated on Apr 30, 2024)
The Jiangsu Asia Pacific Lght Aly Tech CoLtd stock price gained 2.08% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥6.24 to ¥6.37. During the last trading day the stock fluctuated 4.58% from a day low at ¥6.12 to a day high of ¥6.40. The price has risen in 6 of the last 10 days and is up by 11.17% over the past 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, 23 million shares were bought and sold for approximately ¥143.66 million.
The stock lies in the middle of a wide and strong 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 23.32% during the next 3 months and, with a 90% probability hold a price between ¥7.37 and ¥8.42 at the end of this 3-month period.
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002540.SZ Signals & Forecast
The Jiangsu Asia Pacific Lght Aly Tech CoLtd 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 ¥6.22 and ¥5.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 34.11%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Jiangsu Asia Pacific Lght Aly Tech CoLtd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥5.91 and ¥5.74. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Jiangsu Asia Pacific Lght Aly Tech CoLtd finds support just below today's level at ¥5.91. If this is broken, then the next support from accumulated volume will be at ¥5.74 and ¥5.13.
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 ¥0.280 (4.58%) between high and low. For the last week, the stock has had daily average volatility of 4.19%.
Our recommended stop-loss: ¥6.13 (-3.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 55 days ago.)
Trading Expectations (002540.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Jiangsu Asia Pacific Lght Aly Tech CoLtd to open at ¥6.30, and during the day (based on 14 day Average True Range), to move between ¥6.12 and ¥6.62, which gives a possible trading interval of +/-¥0.253 (+/-3.97%) up or down from last closing price. If Jiangsu Asia Pacific Lght Aly Tech CoLtd takes out the full calculated possible swing range there will be an estimated 7.94% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥5.91, some ¥0.460 (7.22%) from the current price of ¥6.37, our system finds the risk reward attractive.
Is Jiangsu Asia Pacific Lght Aly Tech CoLtd stock A Buy?
Jiangsu Asia Pacific Lght Aly Tech CoLtd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.675 Strong Buy Candidate Upgraded
Predicted Opening Price for Jiangsu Asia Pacific Lght Aly Tech CoLtd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥6.30 ( 1.15%) | ¥6.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002540.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.58 | 3.24 % | |
| R2 | 6.47 | 1.57 % | ||
| R1 | 6.40 | 0.528 % | ||
| Current price: | 6.37 | |||
| Support | S1 | 6.19 | -2.83 % | |
| S2 | 6.12 | -3.87 % | ||
| S3 | 6.02 | -5.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 6.37 | |||
| Support | S1 | 5.91 | -7.22% | |
| S2 | 5.74 | -9.89% | ||
| S3 | 5.13 | -19.47% |
002540 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2023 | May 26, 2023 | May 26, 2023 | ¥0.250 | 4.54% |
| 2 | Jul 08, 2022 | Jul 08, 2022 | Jul 08, 2022 | ¥0.100 | 1.57% |
| 3 | Jun 23, 2021 | Jun 23, 2021 | Jun 23, 2021 | ¥0.0600 | 1.25% |
| 4 | Nov 05, 2020 | Nov 05, 2020 | Nov 05, 2020 | ¥0.161 | 3.28% |
| 5 | May 29, 2020 | May 29, 2020 | May 29, 2020 | ¥0.0800 | 1.88% |
FAQ
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