Guangdong Delian Group Co Ltd Stock Forecast
Red day on Friday for Guangdong Delian Group Co Ltd
(Updated on May 24, 2024)
The Guangdong Delian Group Co Ltd stock price fell by -0.459% on the last day (Friday, 24th May 2024) from ¥4.36 to ¥4.34. During the last trading day the stock fluctuated 7.19% from a day low at ¥4.31 to a day high of ¥4.62. The price has fallen in 7 of the last 10 days and is down by -6.67% for this period. 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, 4 million shares were bought and sold for approximately ¥18.74 million.
The stock lies in the middle of a 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 6.38% during the next 3 months and, with a 90% probability hold a price between ¥4.17 and ¥5.16 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.
002666.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Guangdong Delian Group Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥4.48 and ¥4.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -8.05%. 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 Guangdong Delian Group Co Ltd stock
Guangdong Delian Group Co Ltd finds support from accumulated volume at ¥4.31 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 ¥0.310 between high and low, or 7.19%. For the last week, the stock has had daily average volatility of 5.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002666.SZ) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Guangdong Delian Group Co Ltd to open at ¥4.42, and during the day (based on 14 day Average True Range), to move between ¥4.11 and ¥4.57, which gives a possible trading interval of +/-¥0.229 (+/-5.28%) up or down from last closing price. If Guangdong Delian Group Co Ltd takes out the full calculated possible swing range there will be an estimated 10.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.31 (0.69%) than the resistance at ¥4.44 (2.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangdong Delian Group Co Ltd stock A Buy?
The Guangdong Delian Group Co Ltd stock holds several negative signals and despite the positive trend, we believe Guangdong Delian Group Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.246 Sell Candidate Unchanged
Predicted Opening Price for Guangdong Delian Group Co Ltd of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ¥4.42 ( 1.92%) | ¥4.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002666.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.73 | 9.06 % | |
| R2 | 4.61 | 6.33 % | ||
| R1 | 4.54 | 4.65 % | ||
| Current price: | 4.34 | |||
| Support | S1 | 4.30 | -0.81 % | |
| S2 | 4.23 | -2.49 % | ||
| S3 | 4.11 | -5.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.65 | 7.14 % | |
| R2 | 4.51 | 3.92 % | ||
| R1 | 4.44 | 2.30 % | ||
| Current price | 4.34 | |||
| Support | S1 | 4.31 | -0.691% | |
| S2 | 4.11 | -5.30% | ||
| S3 | 3.96 | -8.76% |
002666 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | May 21, 2024 | May 21, 2024 | ¥0.0670 | 1.51% |
| 2 | Jul 08, 2021 | Jul 08, 2021 | Jul 08, 2021 | ¥0.107 | 2.18% |
| 3 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | ¥0.0400 | 0.600% |
| 4 | May 08, 2019 | May 08, 2019 | May 08, 2019 | ¥0.266 | 5.98% |
| 5 | Jul 19, 2018 | Jul 19, 2018 | Jul 19, 2018 | ¥0.0470 | 1.18% |
FAQ
Click here for our free guide on how to buy Guangdong Delian Group Co Ltd Stock.
