Beijing Shengtong Printing Co Ltd Stock Forecast
Beijing Shengtong Printing Co Ltd stock price down 2.42% on Monday
(Updated on Apr 22, 2024)
The Beijing Shengtong Printing Co Ltd stock price fell by -2.42% on the last day (Monday, 22nd Apr 2024) from ¥5.37 to ¥5.24. During the last trading day the stock fluctuated 9.23% from a day low at ¥5.09 to a day high of ¥5.56. The price has fallen in 6 of the last 10 days and is down by -16.43% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 million shares were bought and sold for approximately ¥77.54 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 ¥5.14 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 21.98% during the next 3 months and, with a 90% probability hold a price between ¥6.27 and ¥9.94 at the end of this 3-month period.
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002599.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.97%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Beijing Shengtong Printing 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 ¥5.47 and ¥6.42. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Beijing Shengtong Printing Co Ltd stock
Beijing Shengtong Printing Co Ltd finds support from accumulated volume at ¥5.22 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 ¥0.470 between high and low, or 9.23%. For the last week, the stock has had daily average volatility of 14.05%.
Beijing Shengtong Printing Co Ltd is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002599.SZ) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Beijing Shengtong Printing Co Ltd to open at ¥5.30, and during the day (based on 14 day Average True Range), to move between ¥4.67 and ¥5.81, which gives a possible trading interval of +/-¥0.568 (+/-10.84%) up or down from last closing price. If Beijing Shengtong Printing Co Ltd takes out the full calculated possible swing range there will be an estimated 21.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.22 (0.38%) than the resistance at ¥5.46 (4.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beijing Shengtong Printing Co Ltd stock A Buy?
The Beijing Shengtong Printing Co Ltd stock holds several negative signals and despite the positive trend, we believe Beijing Shengtong Printing Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.757 Sell Candidate Unchanged
Predicted Opening Price for Beijing Shengtong Printing Co Ltd of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| ¥5.30 ( 1.08%) | ¥5.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002599.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.77 | 10.05 % | |
| R2 | 5.59 | 6.62 % | ||
| R1 | 5.48 | 4.51 % | ||
| Current price: | 5.24 | |||
| Support | S1 | 5.12 | -2.34 % | |
| S2 | 5.01 | -4.46 % | ||
| S3 | 4.83 | -7.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.45 | 23.09 % | |
| R2 | 5.99 | 14.31 % | ||
| R1 | 5.46 | 4.20 % | ||
| Current price | 5.24 | |||
| Support | S1 | 5.22 | -0.382% | |
| S2 | 4.99 | -4.77% | ||
| S3 | 4.23 | -19.27% |
002599 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2018 | Jun 27, 2018 | Jun 27, 2018 | ¥0.0294 | 0.488% |
| 2 | Jun 07, 2017 | Jun 07, 2017 | Jun 07, 2017 | ¥0.0088 | 0.0947% |
| 3 | Jul 04, 2016 | Jul 04, 2016 | Jul 04, 2016 | ¥0.0088 | 0.0825% |
| 4 | May 29, 2015 | May 29, 2015 | May 29, 2015 | ¥0.0088 | 0.0826% |
| 5 | Jul 09, 2014 | Jul 09, 2014 | Jul 09, 2014 | ¥0.0088 | 0.215% |
FAQ
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