United Electronics Co Ltd Stock Forecast
United Electronics Co Ltd stock price ended at ¥5.41 on Monday, after losing 0%.
(Updated on Jun 17, 2024)
No changes to the price of United Electronics Co Ltd stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 1.87% from a day low at ¥5.36 to a day high of ¥5.46. The price has risen in 5 of the last 10 days but is still down by -6.56% for this period.
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 -21.27% during the next 3 months and, with a 90% probability hold a price between ¥3.83 and ¥4.59 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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002642.SZ Signals & Forecast
There are mixed signals in the stock today. The United Electronics Co Ltd 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 ¥5.71. On a fall, the stock will find some support from the short-term average at ¥5.28. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 7.55%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for United Electronics Co Ltd stock
United Electronics Co Ltd finds support from accumulated volume at ¥5.37 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 ¥0.1000 between high and low, or 1.87%. For the last week, the stock has had daily average volatility of 5.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002642.SZ) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect United Electronics Co Ltd to open at ¥5.41, and during the day (based on 14 day Average True Range), to move between ¥5.09 and ¥5.73, which gives a possible trading interval of +/-¥0.317 (+/-5.87%) up or down from last closing price. If United Electronics Co Ltd takes out the full calculated possible swing range there will be an estimated 11.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.37 (0.74%) than the resistance at ¥5.77 (6.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is United Electronics Co Ltd stock A Buy?
United Electronics 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: -1.653 Sell Candidate Unchanged
Predicted Opening Price for United Electronics Co Ltd of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ¥5.41 ( 0%) | ¥5.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002642.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.51 | 1.85% |
| R2 | 5.47 | 1.14% |
| R1 | 5.45 | 0.706% |
| Price | 5.41 | |
| S1 | 5.37 | -0.706% |
| S2 | 5.35 | -1.14% |
| S3 | 5.31 | -1.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.23 | 15.16% |
| R2 | 6.04 | 11.65% |
| R1 | 5.77 | 6.65% |
| Price | 5.41 | |
| S1 | 5.37 | -0.739% |
| S2 | 5.08 | -6.10% |
| S3 | 5.03 | -7.02% |
002642 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2017 | Jul 04, 2017 | Jul 04, 2017 | ¥0.0200 | 0.0798% |
| 2 | Jun 24, 2016 | Jun 24, 2016 | Jun 24, 2016 | ¥0.0500 | 0.203% |
| 3 | Jun 19, 2015 | Jun 19, 2015 | Jun 19, 2015 | ¥0.0667 | 0.121% |
| 4 | May 06, 2014 | May 06, 2014 | May 06, 2014 | ¥0.0233 | 0.131% |
| 5 | May 22, 2013 | May 22, 2013 | May 22, 2013 | ¥0.0889 | 1.43% |
FAQ
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