Shanghai Xujiahui Commercial Co Ltd Stock Forecast
Shanghai Xujiahui Commercial Co Ltd stock price down 1.19% on Friday
(Updated on May 10, 2024)
The Shanghai Xujiahui Commercial Co Ltd stock price fell by -1.19% on the last day (Friday, 10th May 2024) from ¥8.43 to ¥8.33. During the last trading day the stock fluctuated 2.17% from a day low at ¥8.29 to a day high of ¥8.47. The price has risen in 7 of the last 10 days and is up by 4.13% 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 -755 thousand shares and in total, 8 million shares were bought and sold for approximately ¥68.98 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Shanghai Xujiahui Commercial Co Ltd stock with a 90% probability to be traded between ¥7.70 and ¥9.38 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002561.SZ Signals & Forecast
There are mixed signals in the stock today. The Shanghai Xujiahui Commercial Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥8.34 and ¥8.58. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Shanghai Xujiahui Commercial Co Ltd stock
Shanghai Xujiahui Commercial Co Ltd finds support from accumulated volume at ¥8.24 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 ¥0.180 between high and low, or 2.17%. For the last week, the stock has had daily average volatility of 2.81%.
Our recommended stop-loss: ¥7.88 (-5.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (002561.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Shanghai Xujiahui Commercial Co Ltd to open at ¥8.36, and during the day (based on 14 day Average True Range), to move between ¥7.88 and ¥8.78, which gives a possible trading interval of +/-¥0.446 (+/-5.36%) up or down from last closing price. If Shanghai Xujiahui Commercial Co Ltd takes out the full calculated possible swing range there will be an estimated 10.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥8.34 (0.12%) than the support at ¥8.24 (1.08%), 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 Shanghai Xujiahui Commercial Co Ltd stock A Buy?
Shanghai Xujiahui Commercial Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.181 Hold/Accumulate Unchanged
Predicted Opening Price for Shanghai Xujiahui Commercial Co Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ¥8.36 ( 0.400%) | ¥8.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002561.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.54 | 2.56 % | |
| R2 | 8.47 | 1.74 % | ||
| R1 | 8.43 | 1.23 % | ||
| Current price: | 8.33 | |||
| Support | S1 | 8.29 | -0.425 % | |
| S2 | 8.25 | -0.94 % | ||
| S3 | 8.18 | -1.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.61 | 15.37 % | |
| R2 | 8.55 | 2.64 % | ||
| R1 | 8.34 | 0.120 % | ||
| Current price | 8.33 | |||
| Support | S1 | 8.24 | -1.08% | |
| S2 | 8.18 | -1.80% | ||
| S3 | 7.89 | -5.28% |
002561 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 14, 2024 | ¥0.120 | 1.44% |
| 2 | May 11, 2023 | May 11, 2023 | May 11, 2023 | ¥0.120 | 1.30% |
| 3 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | ¥0.160 | 1.47% |
| 4 | May 13, 2021 | May 13, 2021 | May 13, 2021 | ¥0.120 | 1.66% |
| 5 | May 20, 2020 | May 20, 2020 | May 20, 2020 | ¥0.360 | 5.03% |
FAQ
Click here for our free guide on how to buy Shanghai Xujiahui Commercial Co Ltd Stock.
