Goldenmax International Technology Ltd Stock Forecast
High volatility in Goldenmax International Technology Ltd stock price on Tuesday which ended trading at ¥7.44
(Updated on May 07, 2024)
The Goldenmax International Technology Ltd stock price gained 5.38% on the last trading day (Tuesday, 7th May 2024), rising from ¥7.06 to ¥7.44. During the last trading day the stock fluctuated 10.27% from a day low at ¥6.91 to a day high of ¥7.62. The price has risen in 7 of the last 10 days and is up by 22.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 19 million shares were bought and sold for approximately ¥143.85 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.12% during the next 3 months and, with a 90% probability hold a price between ¥6.10 and ¥8.93 at the end of this 3-month period.
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002636.SZ Signals & Forecast
Mostly positive signals in the chart today. The Goldenmax International Technology Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥6.78 and ¥6.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 33.57%. 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 Goldenmax International Technology Ltd stock
Goldenmax International Technology Ltd finds support from accumulated volume at ¥7.42 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 ¥0.710 between high and low, or 10.27%. For the last week, the stock has had daily average volatility of 9.39%.
Our recommended stop-loss: ¥7.16 (-3.72%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (002636.SZ) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Goldenmax International Technology Ltd to open at ¥7.32, and during the day (based on 14 day Average True Range), to move between ¥6.90 and ¥7.98, which gives a possible trading interval of +/-¥0.536 (+/-7.21%) up or down from last closing price. If Goldenmax International Technology Ltd takes out the full calculated possible swing range there will be an estimated 14.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥7.45 (0.13%) than the support at ¥7.42 (0.27%), 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 Goldenmax International Technology Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Goldenmax International Technology Ltd stock to perform well in the short-term.
Current score: 3.730 Buy Candidate Unchanged
Predicted Opening Price for Goldenmax International Technology Ltd of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| ¥7.32 ( 1.57%) | ¥7.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002636.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.03 | 7.97 % | |
| R2 | 7.76 | 4.33 % | ||
| R1 | 7.59 | 2.08 % | ||
| Current price: | 7.44 | |||
| Support | S1 | 7.05 | -5.21 % | |
| S2 | 6.88 | -7.47 % | ||
| S3 | 6.61 | -11.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.06 | 8.33 % | |
| R2 | 7.63 | 2.55 % | ||
| R1 | 7.45 | 0.134 % | ||
| Current price | 7.44 | |||
| Support | S1 | 7.42 | -0.269% | |
| S2 | 7.22 | -2.96% | ||
| S3 | 6.98 | -6.18% |
002636 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | ¥0.0850 | 0.97% |
| 2 | Aug 09, 2022 | Aug 09, 2022 | Aug 09, 2022 | ¥0.0850 | 0.89% |
| 3 | Jul 23, 2021 | Jul 23, 2021 | Jul 23, 2021 | ¥0.0600 | 0.341% |
| 4 | Jul 12, 2017 | Jul 12, 2017 | Jul 12, 2017 | ¥0.0650 | 0.372% |
| 5 | Jul 10, 2014 | Jul 10, 2014 | Jul 10, 2014 | ¥0.0231 | 0.543% |
FAQ
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