Baoding Technology Co Ltd Stock Forecast
Red day on Tuesday for Baoding Technology Co Ltd stock after losing 0.416%
(Updated on Apr 30, 2024)
The Baoding Technology Co Ltd stock price fell by -0.416% on the last day (Tuesday, 30th Apr 2024) from ¥14.41 to ¥14.35. During the last trading day the stock fluctuated 3.68% from a day low at ¥14.12 to a day high of ¥14.64. The price has fallen in 6 of the last 10 days and is down by -11.15% for this period. 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 -344 thousand shares and in total, 8 million shares were bought and sold for approximately ¥116.66 million.
The stock lies in the lower part of a very 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 ¥13.69 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 23.97% during the next 3 months and, with a 90% probability hold a price between ¥16.97 and ¥21.41 at the end of this 3-month period.
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002552.SZ Signals & Forecast
The Baoding Technology 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 ¥14.23 and ¥13.97. A breakdown below any of these levels will issue sell signals. 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 Wednesday, April 17, 2024, and so far it has fallen -14.33%. 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. The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Baoding Technology Co Ltd stock
Baoding Technology Co Ltd finds support from accumulated volume at ¥14.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.520 between high and low, or 3.68%. For the last week, the stock has had daily average volatility of 8.85%.
Our recommended stop-loss: ¥13.49 (-5.98%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (002552.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Baoding Technology Co Ltd to open at ¥14.37, and during the day (based on 14 day Average True Range), to move between ¥13.19 and ¥15.51, which gives a possible trading interval of +/-¥1.16 (+/-8.11%) up or down from last closing price. If Baoding Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 16.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥14.32 (0.21%) than the resistance at ¥16.13 (12.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Baoding Technology Co Ltd will release earnings BMO on Monday, May 06, 2024. We will update the financials statements for Baoding Technology Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.67% in the first trading day after earnings release.
Is Baoding Technology 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 Baoding Technology Co Ltd stock to perform well in the short-term.
Current score: 1.178 Buy Candidate Unchanged
Predicted Opening Price for Baoding Technology Co Ltd of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
¥14.37 ( 0.139%) | ¥14.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002552.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.89 | 3.76 % | |
R2 | 14.69 | 2.38 % | ||
R1 | 14.57 | 1.52 % | ||
Current price: | 14.35 | |||
Support | S1 | 14.17 | -1.24 % | |
S2 | 14.05 | -2.10 % | ||
S3 | 13.85 | -3.48 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.75 | 16.72 % | |
R2 | 16.15 | 12.54 % | ||
R1 | 16.13 | 12.40 % | ||
Current price | 14.35 | |||
Support | S1 | 14.32 | -0.209% | |
S2 | 14.25 | -0.697% | ||
S3 | 13.78 | -3.97% |
002552 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 28, 2016 | Jun 28, 2016 | Jun 28, 2016 | ¥0.0100 | 0.0683% |
2 | Jul 08, 2015 | Jul 08, 2015 | Jul 08, 2015 | ¥0.0200 | 0.140% |
3 | May 29, 2014 | May 29, 2014 | May 29, 2014 | ¥0.0250 | 0.390% |
4 | Jun 21, 2013 | Jun 21, 2013 | Jun 21, 2013 | ¥0.0500 | 0.98% |
5 | Jun 28, 2012 | Jun 28, 2012 | Jun 28, 2012 | ¥0.100 | 1.94% |
FAQ
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