Stanley Agricultural Group Co Ltd Stock Forecast

Stanley Agricultural Group Co Ltd stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)

002588.SZ Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen 0%. 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The Stanley Agricultural Group 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 ¥6.66 and ¥6.46. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Wednesday, June 14, 2023 in the long-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 Stanley Agricultural Group Co Ltd stock

Stanley Agricultural Group Co Ltd finds support from accumulated volume at ¥6.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 ¥0.260 (3.89%) between high and low. For the last week, the stock has had daily average volatility of 4.58%.

Our recommended stop-loss: ¥6.63 (-3.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (002588.SZ) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Stanley Agricultural Group Co Ltd to open at ¥6.84, and during the day (based on 14 day Average True Range), to move between ¥6.61 and ¥7.17, which gives a possible trading interval of +/-¥0.282 (+/-4.09%) up or down from last closing price. If Stanley Agricultural Group Co Ltd takes out the full calculated possible swing range there will be an estimated 8.18% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ¥6.66, some ¥0.230 (3.34%) from the current price of ¥6.89, our system finds the risk reward attractive.

Is Stanley Agricultural Group 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 Stanley Agricultural Group Co Ltd stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.520 Buy Candidate Downgraded

Predicted Opening Price for Stanley Agricultural Group Co Ltd of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.