Shenzhen Jieshun Science Stock Forecast
Green day on Friday for Shenzhen Jieshun Science stock after gaining 0.637%
(Updated on Jun 14, 2024)
The Shenzhen Jieshun Science stock price gained 0.637% on the last trading day (Friday, 14th Jun 2024), rising from ¥7.85 to ¥7.90. During the last trading day the stock fluctuated 7.03% from a day low at ¥7.40 to a day high of ¥7.92. The price has been going up and down for this period, and there has been a 0.64% gain for the last 2 weeks. Volume fell on the last day by -648 thousand shares and in total, 4 million shares were bought and sold for approximately ¥29.95 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 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 -18.72% during the next 3 months and, with a 90% probability hold a price between ¥4.88 and ¥7.43 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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002609.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 8.07%. 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 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. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥8.14. On a fall, the stock will find some support from the short-term average at ¥7.69. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Shenzhen Jieshun Science stock
Shenzhen Jieshun Science finds support from accumulated volume at ¥7.85 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 ¥0.520 between high and low, or 7.03%. For the last week, the stock has had daily average volatility of 6.77%.
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 Monday 17th
For the upcoming trading day on Monday, 17th we expect Shenzhen Jieshun Science to open at ¥7.74, and during the day (based on 14 day Average True Range), to move between ¥7.45 and ¥8.35, which gives a possible trading interval of +/-¥0.455 (+/-5.76%) up or down from last closing price. If Shenzhen Jieshun Science takes out the full calculated possible swing range there will be an estimated 11.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.85 (0.63%) than the resistance at ¥8.20 (3.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shenzhen Jieshun Science stock A Buy?
Shenzhen Jieshun Science holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.154 Sell Candidate Unchanged
Predicted Opening Price for Shenzhen Jieshun Science of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ¥7.74 ( 2.03%) | ¥7.90 |
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 | |
|---|---|---|
| R3 | 8.26 | 4.56% |
| R2 | 8.06 | 2.04% |
| R1 | 7.94 | 0.489% |
| Price | 7.90 | |
| S1 | 7.54 | -4.54% |
| S2 | 7.42 | -6.09% |
| S3 | 7.22 | -8.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.49 | 20.13% |
| R2 | 9.47 | 19.87% |
| R1 | 8.20 | 3.80% |
| Price | 7.90 | |
| S1 | 7.85 | -0.633% |
| S2 | 7.39 | -6.46% |
| S3 | 7.31 | -7.47% |
002609 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 05, 2024 | ¥0.125 | 1.62% |
| 2 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | ¥0.0300 | 0.256% |
| 3 | May 31, 2022 | May 31, 2022 | May 31, 2022 | ¥0.0300 | 0.402% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.100 | 1.00% |
| 5 | May 29, 2020 | May 29, 2020 | May 29, 2020 | ¥0.0300 | 0.266% |
FAQ
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