Beijing SDL Technology Co Ltd Stock Forecast
Beijing SDL Technology Co Ltd stock price down 3.86% on Friday
(Updated on May 31, 2024)
The Beijing SDL Technology Co Ltd stock price fell by -3.86% on the last day (Friday, 31st May 2024) from ¥5.96 to ¥5.73. During the last trading day the stock fluctuated 4.20% from a day low at ¥5.72 to a day high of ¥5.96. The price has been going up and down for this period, and there has been a -7.73% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 7 million shares were bought and sold for approximately ¥41.07 million.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (¥5.78) are considered to be a "second chance" to get out. According to the fan-theory ¥4.71 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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002658.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Beijing SDL Technology 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 ¥5.86 and ¥6.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -17.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Beijing SDL Technology Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ¥0.240 between high and low, or 4.20%. For the last week, the stock has had daily average volatility of 5.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002658.SZ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Beijing SDL Technology Co Ltd to open at ¥5.80, and during the day (based on 14 day Average True Range), to move between ¥5.42 and ¥6.04, which gives a possible trading interval of +/-¥0.306 (+/-5.34%) up or down from last closing price. If Beijing SDL Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 10.69% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ¥7.05, some ¥1.32 (23.04%) from the current price of ¥5.73, our system finds the risk reward not very attractive.
Is Beijing SDL Technology Co Ltd stock A Buy?
Beijing SDL Technology Co Ltd holds several negative signals and is within a 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: -3.893 Sell Candidate Unchanged
Predicted Opening Price for Beijing SDL Technology Co Ltd of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ¥5.80 ( 1.28%) | ¥5.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002658.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.04 | 5.47 % | |
| R2 | 5.95 | 3.87 % | ||
| R1 | 5.90 | 2.88 % | ||
| Current price: | 5.73 | |||
| Support | S1 | 5.71 | -0.320 % | |
| S2 | 5.66 | -1.31 % | ||
| S3 | 5.56 | -2.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.15 | 24.78 % | |
| R2 | 7.14 | 24.61 % | ||
| R1 | 7.05 | 23.04 % | ||
| Current price | 5.73 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
002658 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | May 22, 2024 | ¥0.300 | 5.03% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | ¥0.390 | 5.19% |
| 3 | May 10, 2022 | May 10, 2022 | May 10, 2022 | ¥0.300 | 4.61% |
| 4 | Oct 19, 2021 | Oct 19, 2021 | Oct 19, 2021 | ¥0.150 | 1.66% |
| 5 | May 17, 2021 | May 17, 2021 | May 17, 2021 | ¥0.120 | 1.19% |
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