Global Top E-Commerce Co Ltd Stock Forecast
Green day on Tuesday for Global Top E-Commerce Co Ltd stock after gaining 0.599%
(Updated on Jun 18, 2024)
The Global Top E-Commerce Co Ltd stock price gained 0.599% on the last trading day (Tuesday, 18th Jun 2024), rising from ¥1.67 to ¥1.68. During the last trading day the stock fluctuated 3.01% from a day low at ¥1.66 to a day high of ¥1.71. The price has fallen in 7 of the last 10 days and is down by -23.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 32 million shares were bought and sold for approximately ¥53.51 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥1.55 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -30.43% during the next 3 months and, with a 90% probability hold a price between ¥1.08 and ¥1.56 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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002640.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 0.599%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Global Top E-Commerce 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 ¥1.71 and ¥2.13. 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).
Support, Risk & Stop-loss for Global Top E-Commerce Co Ltd stock
Global Top E-Commerce Co Ltd finds support from accumulated volume at ¥1.67 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.0500 between high and low, or 3.01%. For the last week, the stock has had daily average volatility of 4.53%.
Global Top E-Commerce Co Ltd is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002640.SZ) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Global Top E-Commerce Co Ltd to open at ¥1.68, and during the day (based on 14 day Average True Range), to move between ¥1.49 and ¥1.87, which gives a possible trading interval of +/-¥0.187 (+/-11.15%) up or down from last closing price. If Global Top E-Commerce Co Ltd takes out the full calculated possible swing range there will be an estimated 22.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥1.69 (0.60%) than the support at ¥1.67 (0.60%), 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 Global Top E-Commerce Co Ltd stock A Buy?
Global Top E-Commerce Co Ltd 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: -4.946 Sell Candidate Unchanged
Predicted Opening Price for Global Top E-Commerce Co Ltd of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| ¥1.68 ( 0.198%) | ¥1.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002640.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.73 | 3.17% |
| R2 | 1.71 | 2.04% |
| R1 | 1.70 | 1.34% |
| Price | 1.68 | |
| S1 | 1.66 | -0.94% |
| S2 | 1.65 | -1.64% |
| S3 | 1.63 | -2.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.86 | 10.71% |
| R2 | 1.73 | 2.98% |
| R1 | 1.69 | 0.595% |
| Price | 1.68 | |
| S1 | 1.67 | -0.595% |
| S2 | 0 | - |
| S3 | 0 | - |
002640 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2019 | Jul 18, 2019 | Jul 18, 2019 | ¥0.0450 | 0.557% |
| 2 | Jul 17, 2018 | Jul 17, 2018 | Jul 17, 2018 | ¥0.0530 | 0.353% |
| 3 | Jun 05, 2017 | Jun 05, 2017 | Jun 05, 2017 | ¥0.0560 | 0.308% |
| 4 | Jun 14, 2016 | Jun 14, 2016 | Jun 14, 2016 | ¥0.0265 | 0.175% |
| 5 | Jun 08, 2015 | Jun 08, 2015 | Jun 08, 2015 | ¥0.0050 | 0.0306% |
FAQ
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