14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 002664.SZ
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Evaluation of Changying Xinzhi Technology Co Ltd stock downgraded after the last trading session.
(Updated on Apr 30, 2024)

Sell candidate since Apr 30, 2024 PDF

The Changying Xinzhi Technology Co Ltd stock price fell by -0.249% on the last day (Tuesday, 30th Apr 2024) from ¥16.08 to ¥16.04. During the last trading day the stock fluctuated 7.97% from a day low at ¥15.19 to a day high of ¥16.40. The price has risen in 6 of the last 10 days and is up by 9.86% over the past 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 -1 million shares and in total, 4 million shares were bought and sold for approximately ¥66.47 million.

The stock lies in the middle of a very wide and strong 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 34.20% during the next 3 months and, with a 90% probability hold a price between ¥20.07 and ¥26.42 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

002664.SZ Signals & Forecast

The Changying Xinzhi Technology Co 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 ¥15.56 and ¥16.02. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -6.14%. 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 Changying Xinzhi Technology Co Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at ¥15.11 and ¥13.13. 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, Changying Xinzhi Technology Co Ltd finds support just below today's level at ¥15.11. If this is broken, then the next support from accumulated volume will be at ¥13.13 and ¥12.52.

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 ¥1.21 between high and low, or 7.97%. For the last week, the stock has had daily average volatility of 5.09%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (002664.SZ) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Changying Xinzhi Technology Co Ltd to open at ¥15.88, and during the day (based on 14 day Average True Range), to move between ¥15.20 and ¥16.88, which gives a possible trading interval of +/-¥0.84 (+/-5.26%) up or down from last closing price. If Changying Xinzhi Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 10.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥16.40 (2.24%) than the support at ¥15.11 (5.80%), 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 Changying Xinzhi Technology Co Ltd stock A Buy?

Changying Xinzhi 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.612 Sell Candidate Downgraded

Predicted Opening Price for Changying Xinzhi Technology Co Ltd of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
¥15.88 ( 1.02%) ¥16.04

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 002664.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.09 6.53 %
R2 16.62 3.64 %
R1 16.34 1.86 %
Current price: 16.04
Support S1 15.41 -3.90 %
S2 15.13 -5.68 %
S3 14.67 -8.56 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 17.09 6.55 %
R2 16.55 3.18 %
R1 16.40 2.24 %
Current price 16.04
Support S1 15.11 -5.80%
S2 13.13 -18.14%
S3 12.52 -21.95%

002664 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 12, 2023 Jun 12, 2023 Jun 12, 2023 ¥0.0600 0.465%
2 Apr 20, 2022 Apr 20, 2022 Apr 20, 2022 ¥0.0600 0.493%
3 Jun 25, 2021 Jun 25, 2021 Jun 25, 2021 ¥0.100 0.589%
4 Jul 13, 2020 Jul 13, 2020 Jul 13, 2020 ¥0.0800 0.494%
5 May 28, 2019 May 28, 2019 May 28, 2019 ¥0.0700 0.517%

FAQ

What is the symbol for Changying Xinzhi Technology Co Ltd Stock and on which exchange is it traded?
The symbol for Changying Xinzhi Technology Co Ltd is 002664.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Changying Xinzhi Technology Co Ltd Stock?
Changying Xinzhi 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Changying Xinzhi Technology Co Ltd Stock?
Changying Xinzhi Technology Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Changying Xinzhi Technology Co Ltd Stock.

What's the current price of Changying Xinzhi Technology Co Ltd Stock?
As of the end of day on the Apr 30, 2024, the price of an Changying Xinzhi Technology Co Ltd (002664.SZ) share was ¥16.04.

What is the 52-week high and low for Changying Xinzhi Technology Co Ltd Stock?
The 52-week high for Changying Xinzhi Technology Co Ltd Stock is ¥21.99 and the 52-week low is ¥9.50.

What is the market capitalization of Changying Xinzhi Technology Co Ltd Stock?
As of the Apr 30, 2024, the market capitalization of Changying Xinzhi Technology Co Ltd is 6.482B.

When is the next earnings date for Changying Xinzhi Technology Co Ltd?
The upcoming earnings date for Changying Xinzhi Technology Co Ltd is May 13, 2024.
Click to get the best stock tips daily for free!

About Changying Xinzhi Technology Co Ltd

Changying Xinzhi Technology Co.,Ltd. produces and sells stator cores and lamination cores for use in the motor field of automobiles, electric bikes, and air-conditioners in China and internationally. It offers stator cores of automobile alternators, armatures of micro-motors, stator assemblies of automobiles, armatures of e-bikes, fans of automobile alternators, stator frames of automobile starters, stator cores of elevator traction machines, and... 002664.SZ Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT