Xiamen Comfort Sci&Tech Group Co Ltd Stock Forecast
Xiamen Comfort Sci&Tech Group Co Ltd stock price ended at ¥5.61 on Wednesday, after gaining 2.75%.
(Updated on Jun 26, 2024)
The Xiamen Comfort Sci&Tech Group Co Ltd stock price gained 2.75% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥5.46 to ¥5.61. During the last trading day the stock fluctuated 4.28% from a day low at ¥5.38 to a day high of ¥5.61. The price has fallen in 5 of the last 10 days and is down by -4.59% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 983 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately ¥29.36 million.
The stock lies in the middle of a 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 -20.85% during the next 3 months and, with a 90% probability hold a price between ¥4.28 and ¥4.98 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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002614.SZ Signals & Forecast
There are mixed signals in the stock today. The Xiamen Comfort Sci&Tech Group 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 ¥5.63 and ¥6.40. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.75%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Xiamen Comfort Sci&Tech Group Co Ltd stock
Xiamen Comfort Sci&Tech Group Co Ltd finds support from accumulated volume at ¥5.56 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 ¥0.230 between high and low, or 4.28%. For the last week, the stock has had daily average volatility of 4.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002614.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Xiamen Comfort Sci&Tech Group Co Ltd to open at ¥5.53, and during the day (based on 14 day Average True Range), to move between ¥5.37 and ¥5.85, which gives a possible trading interval of +/-¥0.240 (+/-4.28%) up or down from last closing price. If Xiamen Comfort Sci&Tech Group Co Ltd takes out the full calculated possible swing range there will be an estimated 8.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.56 (0.89%) than the resistance at ¥6.95 (23.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xiamen Comfort Sci&Tech Group Co Ltd stock A Buy?
Xiamen Comfort Sci&Tech Group Co Ltd 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: -1.672 Sell Candidate Unchanged
Predicted Opening Price for Xiamen Comfort Sci&Tech Group Co Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥5.53 ( 1.37%) | ¥5.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002614.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.76 | 2.73% |
| R2 | 5.68 | 1.17% |
| R1 | 5.62 | 0.200% |
| Price | 5.61 | |
| S1 | 5.45 | -2.93% |
| S2 | 5.39 | -3.90% |
| S3 | 5.30 | -5.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.01 | 24.96% |
| R2 | 7.00 | 24.78% |
| R1 | 6.95 | 23.89% |
| Price | 5.61 | |
| S1 | 5.56 | -0.89% |
| S2 | 5.46 | -2.67% |
| S3 | 0 | - |
002614 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | May 29, 2024 | ¥0.300 | 4.57% |
| 2 | May 29, 2023 | May 29, 2023 | May 29, 2023 | ¥0.300 | 3.91% |
| 3 | May 31, 2022 | May 31, 2022 | May 31, 2022 | ¥0.300 | 3.52% |
| 4 | Apr 30, 2021 | Apr 30, 2021 | Apr 30, 2021 | ¥0.300 | 1.79% |
| 5 | May 29, 2020 | May 29, 2020 | May 29, 2020 | ¥0.200 | 2.35% |
FAQ
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