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AI Analysis of 002595.SZ
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Shandong Himile Mechanical Science & Tec stock price up 0.624% on Friday
(Updated on May 17, 2024)

Buy or Hold candidate since Feb 09, 2024 Gain 26.81% PDF

The Shandong Himile Mechanical Science & Tec stock price gained 0.624% on the last trading day (Friday, 17th May 2024), rising from ¥40.05 to ¥40.30. During the last trading day the stock fluctuated 3.91% from a day low at ¥39.60 to a day high of ¥41.15. The price has been going up and down for this period, and there has been a 1.23% gain for the last 2 weeks. Volume fell on the last day by -469 thousand shares and in total, 2 million shares were bought and sold for approximately ¥92.10 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥40.24 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 34.78% during the next 3 months and, with a 90% probability hold a price between ¥54.23 and ¥58.02 at the end of this 3-month period.

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002595.SZ Signals & Forecast

A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -2.54%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Shandong Himile Mechanical Science & Tec stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥40.75. On a fall, the stock will find some support from the long-term average at approximately ¥38.62. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Shandong Himile Mechanical Science & Tec stock

On the downside, the stock finds support just below today's level from accumulated volume at ¥35.40 and ¥32.06. 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, Shandong Himile Mechanical Science & Tec finds support just below today's level at ¥35.40. If this is broken, then the next support from accumulated volume will be at ¥32.06 and ¥30.93.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥1.55 between high and low, or 3.91%. For the last week the stock has had daily average volatility of 2.70%.

Our recommended stop-loss: ¥38.73 (-3.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (002595.SZ) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Shandong Himile Mechanical Science & Tec to open at ¥40.35, and during the day (based on 14 day Average True Range), to move between ¥38.94 and ¥41.66, which gives a possible trading interval of +/-¥1.36 (+/-3.39%) up or down from last closing price. If Shandong Himile Mechanical Science & Tec takes out the full calculated possible swing range there will be an estimated 6.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥40.36 (0.15%) than the support at ¥35.40 (12.16%), 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 Shandong Himile Mechanical Science & Tec stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.020 Buy Candidate Unchanged

Predicted Opening Price for Shandong Himile Mechanical Science & Tec of Monday, May 20, 2024

Fair opening price May 20, 2024 Current price
¥40.35 ( 0.124%) ¥40.30

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

Trading levels for 002595.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 41.90 3.97 %
R2 41.31 2.50 %
R1 40.94 1.59 %
Current price: 40.30
Support S1 39.76 -1.35 %
S2 39.39 -2.25 %
S3 38.80 -3.72 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 41.35 2.61 %
R2 40.68 0.94 %
R1 40.36 0.149 %
Current price 40.30
Support S1 35.40 -12.16%
S2 32.06 -20.45%
S3 30.93 -23.25%

002595 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 29, 2023 Jun 29, 2023 Jun 29, 2023 ¥0.375 1.08%
2 Jun 30, 2022 Jun 30, 2022 Jun 30, 2022 ¥0.375 1.68%
3 Sep 29, 2021 Sep 29, 2021 Sep 29, 2021 ¥0.375 1.47%
4 Oct 15, 2020 Oct 15, 2020 Oct 15, 2020 ¥0.375 1.29%
5 Jun 19, 2019 Jun 19, 2019 Jun 19, 2019 ¥0.375 1.83%

FAQ

What is the symbol for Shandong Himile Mechanical Science & Tec Stock and on which exchange is it traded?
The symbol for Shandong Himile Mechanical Science & Tec is 002595.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Shandong Himile Mechanical Science & Tec Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

How to buy Shandong Himile Mechanical Science & Tec Stock?
Shandong Himile Mechanical Science & Tec Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Shandong Himile Mechanical Science & Tec Stock.

What's the current price of Shandong Himile Mechanical Science & Tec Stock?
As of the end of day on the May 17, 2024, the price of an Shandong Himile Mechanical Science & Tec (002595.SZ) share was ¥40.30.

What is the 52-week high and low for Shandong Himile Mechanical Science & Tec Stock?
The 52-week high for Shandong Himile Mechanical Science & Tec Stock is ¥41.75 and the 52-week low is ¥26.27.

What is the market capitalization of Shandong Himile Mechanical Science & Tec Stock?
As of the May 17, 2024, the market capitalization of Shandong Himile Mechanical Science & Tec is 36.541B.

When is the next earnings date for Shandong Himile Mechanical Science & Tec?
The upcoming earnings date for Shandong Himile Mechanical Science & Tec is May 15, 2025.
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About Shandong Himile Mechanical Science & Tec

Himile Mechanical Science and Technology (Shandong) Co., Ltd manufactures and sells tire molds in China and internationally. It also offers gas turbine casings, castings, and rubber machinery. The company was founded in 1995 and is headquartered in Gaomi, China. Himile Mechanical Science and Technology (Shandong) Co., Ltd was a former subsidiary of Himile Group Co.,Ltd.... 002595.SZ Profile

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