Gci Science & Technology Co Ltd Stock Forecast
Gci Science & Technology Co Ltd stock downgraded to Sell Candidate
(Updated on May 08, 2024)
The Gci Science & Technology Co Ltd stock price fell by -3.13% on the last day (Wednesday, 8th May 2024) from ¥24.95 to ¥24.17. During the last trading day the stock fluctuated 9.04% from a day low at ¥23.90 to a day high of ¥26.06. The price has risen in 6 of the last 10 days and is up by 0.5% over the past 2 weeks. Volume has increased on the last day by 769 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 million shares were bought and sold for approximately ¥264.30 million.
Given the current short-term trend, the stock is expected to rise 67.87% during the next 3 months and, with a 90% probability hold a price between ¥40.57 and ¥52.85 at the end of this 3-month period.
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002544.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Gci Science & Technology 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 ¥25.04 and ¥24.56. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -11.27%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Gci Science & Technology Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥22.11 and ¥22.05. 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, Gci Science & Technology Co Ltd finds support just below today's level at ¥22.11. If this is broken, then the next support from accumulated volume will be at ¥22.05 and ¥21.62.
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 ¥2.16 between high and low, or 9.04%. For the last week, the stock has had daily average volatility of 6.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002544.SZ) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Gci Science & Technology Co Ltd to open at ¥24.71, and during the day (based on 14 day Average True Range), to move between ¥22.38 and ¥25.96, which gives a possible trading interval of +/-¥1.79 (+/-7.41%) up or down from last closing price. If Gci Science & Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 14.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥24.39 (0.91%) than the support at ¥22.11 (8.52%), 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 Gci Science & Technology Co Ltd stock A Buy?
The Gci Science & Technology Co Ltd stock holds several negative signals and despite the positive trend, we believe Gci Science & Technology Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.031 Sell Candidate Downgraded
Predicted Opening Price for Gci Science & Technology Co Ltd of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ¥24.71 ( 2.23%) | ¥24.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002544.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.87 | 11.17 % | |
| R2 | 26.04 | 7.76 % | ||
| R1 | 25.54 | 5.65 % | ||
| Current price: | 24.17 | |||
| Support | S1 | 23.88 | -1.18 % | |
| S2 | 23.38 | -3.29 % | ||
| S3 | 22.55 | -6.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.09 | 12.08 % | |
| R2 | 24.68 | 2.11 % | ||
| R1 | 24.39 | 0.91 % | ||
| Current price | 24.17 | |||
| Support | S1 | 22.11 | -8.52% | |
| S2 | 22.05 | -8.77% | ||
| S3 | 21.62 | -10.55% |
002544 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 11, 2023 | Jul 11, 2023 | Jul 11, 2023 | ¥0.157 | 0.688% |
| 2 | Jul 08, 2022 | Jul 08, 2022 | Jul 08, 2022 | ¥0.104 | 0.455% |
| 3 | Jul 13, 2021 | Jul 13, 2021 | Jul 13, 2021 | ¥0.0710 | 0.523% |
| 4 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | ¥0.0330 | 0.227% |
| 5 | Jul 15, 2019 | Jul 15, 2019 | Jul 15, 2019 | ¥0.0300 | 0.245% |
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