Shenzhen Jieshun Science Stock Forecast
Shenzhen Jieshun Science stock price ended at ¥7.92 on Friday, after losing 1.37%.
(Updated on May 24, 2024)
The Shenzhen Jieshun Science stock price fell by -1.37% on the last day (Friday, 24th May 2024) from ¥8.03 to ¥7.92. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 7.33% from a day low at ¥7.91 to a day high of ¥8.49. The price has fallen in 6 of the last 10 days and is down by -4% for this period. 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 -2 million shares and in total, 6 million shares were bought and sold for approximately ¥47.96 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.16% during the next 3 months and, with a 90% probability hold a price between ¥5.97 and ¥8.89 at the end of this 3-month period.
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002609.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.17%. 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 Shenzhen Jieshun Science 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 ¥8.21 and ¥8.44. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Shenzhen Jieshun Science stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥7.39. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at ¥ may give a huge drop in the stock price.
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 ¥0.580 between high and low, or 7.33%. For the last week, the stock has had daily average volatility of 5.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002609.SZ) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Shenzhen Jieshun Science to open at ¥8.11, and during the day (based on 14 day Average True Range), to move between ¥7.41 and ¥8.43, which gives a possible trading interval of +/-¥0.510 (+/-6.43%) up or down from last closing price. If Shenzhen Jieshun Science takes out the full calculated possible swing range there will be an estimated 12.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥8.20 (3.54%) than the support at ¥7.39 (6.69%), 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 Shenzhen Jieshun Science stock A Buy?
Shenzhen Jieshun Science holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.302 Sell Candidate Unchanged
Predicted Opening Price for Shenzhen Jieshun Science of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ¥8.11 ( 2.36%) | ¥7.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002609.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.69 | 9.68 % | |
| R2 | 8.47 | 6.88 % | ||
| R1 | 8.33 | 5.15 % | ||
| Current price: | 7.92 | |||
| Support | S1 | 7.89 | -0.441 % | |
| S2 | 7.75 | -2.17 % | ||
| S3 | 7.53 | -4.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.49 | 19.82 % | |
| R2 | 9.47 | 19.57 % | ||
| R1 | 8.20 | 3.54 % | ||
| Current price | 7.92 | |||
| Support | S1 | 7.39 | -6.69% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
002609 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | ¥0.0300 | 0.256% |
| 2 | May 31, 2022 | May 31, 2022 | May 31, 2022 | ¥0.0300 | 0.402% |
| 3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.100 | 1.00% |
| 4 | May 29, 2020 | May 29, 2020 | May 29, 2020 | ¥0.0300 | 0.266% |
| 5 | Jun 04, 2019 | Jun 04, 2019 | Jun 04, 2019 | ¥0.150 | 1.98% |
FAQ
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