Guangdong Dongfang Precision & Tech Stock Forecast
Big movements in Guangdong Dongfang Precision & Tech stock price on Friday moving 17.89% between high and low
(Updated on May 17, 2024)
No changes to the price of Guangdong Dongfang Precision & Tech stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 17.89% from a day low at ¥5.98 to a day high of ¥7.05. The price has fallen in 5 of the last 10 days and is down by -4.4% for this period.
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 -3.38% during the next 3 months and, with a 90% probability hold a price between ¥3.86 and ¥8.50 at the end of this 3-month period.
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002611.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Guangdong Dongfang Precision & Tech 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 ¥6.38 and ¥6.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -32.74%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Guangdong Dongfang Precision & Tech stock
Guangdong Dongfang Precision & Tech finds support from accumulated volume at ¥5.86 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 ¥1.07 between high and low, or 17.89%. For the last week, the stock has had daily average volatility of 16.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002611.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Guangdong Dongfang Precision & Tech to open at ¥6.37, and during the day (based on 14 day Average True Range), to move between ¥5.44 and ¥6.72, which gives a possible trading interval of +/-¥0.645 (+/-10.60%) up or down from last closing price. If Guangdong Dongfang Precision & Tech takes out the full calculated possible swing range there will be an estimated 21.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.86 (3.62%) than the resistance at ¥7.22 (18.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Guangdong Dongfang Precision & Tech will release earnings BMO on Monday, May 27, 2024. We will update the financials statements for Guangdong Dongfang Precision & Tech, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.74% in the first trading day after earnings release.
Is Guangdong Dongfang Precision & Tech stock A Buy?
Guangdong Dongfang Precision & Tech 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: -4.128 Sell Candidate Unchanged
Predicted Opening Price for Guangdong Dongfang Precision & Tech of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥6.37 ( 4.77%) | ¥6.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002611.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.44 | 22.37 % | |
| R2 | 7.03 | 15.65 % | ||
| R1 | 6.78 | 11.49 % | ||
| Current price: | 6.08 | |||
| Support | S1 | 5.96 | -1.95 % | |
| S2 | 5.71 | -6.11 % | ||
| S3 | 5.30 | -12.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.59 | 24.84 % | |
| R2 | 7.27 | 19.57 % | ||
| R1 | 7.22 | 18.75 % | ||
| Current price | 6.08 | |||
| Support | S1 | 5.86 | -3.62% | |
| S2 | 5.46 | -10.20% | ||
| S3 | 4.96 | -18.42% |
002611 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 22, 2018 | Jun 22, 2018 | Jun 22, 2018 | ¥0.0281 | 0.454% |
| 2 | Jun 08, 2017 | Jun 08, 2017 | Jun 08, 2017 | ¥0.0125 | 0.0976% |
| 3 | May 26, 2015 | May 26, 2015 | May 26, 2015 | ¥0.0188 | 0.0963% |
| 4 | Apr 22, 2014 | Apr 22, 2014 | Apr 22, 2014 | ¥0.0391 | 1.25% |
| 5 | May 21, 2013 | May 21, 2013 | May 21, 2013 | ¥0.0391 | 2.33% |
FAQ
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