Beijing SPC Environment Prtcn Tech CoLtd Stock Forecast
Beijing SPC Environment Prtcn Tech CoLtd stock price ended at ¥4.80 on Friday, after gaining 1.27%.
(Updated on May 17, 2024)
The Beijing SPC Environment Prtcn Tech CoLtd stock price gained 1.27% on the last trading day (Friday, 17th May 2024), rising from ¥4.74 to ¥4.80. During the last trading day the stock fluctuated 2.35% from a day low at ¥4.69 to a day high of ¥4.80. The price has risen in 6 of the last 10 days and is up by 5.26% 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, 751 thousand more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately ¥29.02 million.
Given the current horizontal trend, you can expect Beijing SPC Environment Prtcn Tech CoLtd stock with a 90% probability to be traded between ¥4.27 and ¥4.84 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.
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002573.SZ Signals & Forecast
Mostly positive signals in the chart today. The Beijing SPC Environment Prtcn 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 ¥4.72 and ¥4.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 13.48%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Beijing SPC Environment Prtcn Tech CoLtd stock
Beijing SPC Environment Prtcn Tech CoLtd finds support from accumulated volume at ¥4.63 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 ¥0.110 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 1.67%.
The Beijing SPC Environment Prtcn Tech CoLtd stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ¥4.62 (-3.75%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 95 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (002573.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Beijing SPC Environment Prtcn Tech CoLtd to open at ¥4.76, and during the day (based on 14 day Average True Range), to move between ¥4.64 and ¥4.96, which gives a possible trading interval of +/-¥0.163 (+/-3.39%) up or down from last closing price. If Beijing SPC Environment Prtcn Tech CoLtd takes out the full calculated possible swing range there will be an estimated 6.78% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥4.63, some ¥0.170 (3.54%) from the current price of ¥4.80, our system finds the risk reward attractive.
Earnings coming up
Beijing SPC Environment Prtcn Tech CoLtd will release earnings BMO on Wednesday, May 22, 2024. We will update the financials statements for Beijing SPC Environment Prtcn Tech CoLtd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.63% in the first trading day after earnings release.
Is Beijing SPC Environment Prtcn Tech CoLtd stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Beijing SPC Environment Prtcn Tech CoLtd stock to perform well in the short-term period.
Current score: 4.091 Buy Candidate Unchanged
Predicted Opening Price for Beijing SPC Environment Prtcn Tech CoLtd of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
¥4.76 ( 0.764%) | ¥4.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002573.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.87 | 1.53 % | |
R2 | 4.83 | 0.652 % | ||
R1 | 4.81 | 0.112 % | ||
Current price: | 4.80 | |||
Support | S1 | 4.72 | -1.64 % | |
S2 | 4.70 | -2.18 % | ||
S3 | 4.65 | -3.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 4.80 | |||
Support | S1 | 4.63 | -3.54% | |
S2 | 4.56 | -5.00% | ||
S3 | 4.51 | -6.04% |
002573 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | ¥0.100 | 1.83% |
2 | Jul 26, 2022 | Jul 26, 2022 | Jul 26, 2022 | ¥0.100 | 1.58% |
3 | Jun 04, 2021 | Jun 04, 2021 | Jun 04, 2021 | ¥0.100 | 1.92% |
4 | May 28, 2020 | May 28, 2020 | May 28, 2020 | ¥0.150 | 2.76% |
5 | Jun 26, 2019 | Jun 26, 2019 | Jun 26, 2019 | ¥0.100 | 1.26% |
FAQ
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