Moso Power Supply Technology Co Ltd Stock Forecast
Moso Power Supply Technology Co Ltd stock price up 0.87% on Tuesday
(Updated on May 07, 2024)
The Moso Power Supply Technology Co Ltd stock price gained 0.87% on the last trading day (Tuesday, 7th May 2024), rising from ¥8.08 to ¥8.15. During the last trading day the stock fluctuated 3.00% from a day low at ¥8.00 to a day high of ¥8.24. The price has risen in 6 of the last 10 days and is up by 9.54% 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, 626 thousand more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately ¥59.27 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 5.97% during the next 3 months and, with a 90% probability hold a price between ¥7.42 and ¥10.29 at the end of this 3-month period.
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002660.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 18.46%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Moso Power Supply Technology 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 ¥8.21. On a fall, the stock will find some support from the short-term average at ¥7.86. 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.
Support, Risk & Stop-loss for Moso Power Supply Technology Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥7.58 and ¥6.84. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Moso Power Supply Technology Co Ltd finds support just below today's level at ¥7.58. If this is broken, then the next support from accumulated volume will be at ¥6.84 and ¥6.40.
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 ¥0.240 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 4.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002660.SZ) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Moso Power Supply Technology Co Ltd to open at ¥8.13, and during the day (based on 14 day Average True Range), to move between ¥7.55 and ¥8.75, which gives a possible trading interval of +/-¥0.603 (+/-7.40%) up or down from last closing price. If Moso Power Supply Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 14.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.58 (6.99%) than the resistance at ¥8.82 (8.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Moso Power Supply Technology Co Ltd stock A Buy?
Moso Power Supply Technology 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: -1.437 Sell Candidate Unchanged
Predicted Opening Price for Moso Power Supply Technology Co Ltd of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| ¥8.13 ( 0.245%) | ¥8.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002660.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.37 | 2.70 % | |
| R2 | 8.28 | 1.57 % | ||
| R1 | 8.22 | 0.88 % | ||
| Current price: | 8.15 | |||
| Support | S1 | 8.04 | -1.37 % | |
| S2 | 7.98 | -2.07 % | ||
| S3 | 7.89 | -3.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.51 | 16.69 % | |
| R2 | 9.36 | 14.85 % | ||
| R1 | 8.82 | 8.22 % | ||
| Current price | 8.15 | |||
| Support | S1 | 7.58 | -6.99% | |
| S2 | 6.84 | -16.07% | ||
| S3 | 6.40 | -21.47% |
002660 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | ¥0.100 | 1.07% |
| 2 | May 30, 2016 | May 30, 2016 | May 30, 2016 | ¥0.0160 | 0.130% |
| 3 | Jun 11, 2014 | Jun 11, 2014 | Jun 11, 2014 | ¥0.0300 | 0.332% |
| 4 | Jun 18, 2013 | Jun 18, 2013 | Jun 18, 2013 | ¥0.0769 | 0.85% |
| 5 | Jul 10, 2012 | Jul 10, 2012 | Jul 10, 2012 | ¥0.0769 | 1.07% |
FAQ
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