DJE/Shs A Vtg 1.00 Stock Forecast

Red day on Friday for DJE/Shs A Vtg 1.00 stock after losing 0%
(Updated on May 17, 2024)

002672.SZ Signals & Forecast

The DJE/Shs A Vtg 1.00 stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥4.59 and ¥4.56. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Wednesday, May 15, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for DJE/Shs A Vtg 1.00 stock

DJE/Shs A Vtg 1.00 finds support from accumulated volume at ¥4.55 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 ¥0.130 between high and low, or 2.86%. For the last week, the stock has had daily average volatility of 3.19%.

Our recommended stop-loss: ¥4.47 (-3.52%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (002672.SZ) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect DJE/Shs A Vtg 1.00 to open at ¥4.61, and during the day (based on 14 day Average True Range), to move between ¥4.42 and ¥4.84, which gives a possible trading interval of +/-¥0.207 (+/-4.48%) up or down from last closing price. If DJE/Shs A Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 8.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥4.55 (1.73%) than the resistance at ¥4.94 (6.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is DJE/Shs A Vtg 1.00 stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for DJE/Shs A Vtg 1.00 stock to perform well in the short-term.

Current score: 1.690 Buy Candidate Unchanged

Predicted Opening Price for DJE/Shs A Vtg 1.00 of Monday, May 20, 2024

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