Shenzhen Fenda Technology Co Ltd Stock Forecast
Green day on Friday for Shenzhen Fenda Technology Co Ltd
(Updated on May 17, 2024)
The Shenzhen Fenda Technology Co Ltd stock price gained 1.17% on the last trading day (Friday, 17th May 2024), rising from ¥4.29 to ¥4.34. During the last trading day the stock fluctuated 1.64% from a day low at ¥4.27 to a day high of ¥4.34. The price has risen in 4 of the last 10 days but is still down by -1.14% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 880 thousand more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately ¥73.68 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.42% during the next 3 months and, with a 90% probability hold a price between ¥3.47 and ¥4.44 at the end of this 3-month period.
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002681.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 11.86%. 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 Shenzhen Fenda 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 ¥4.40. On a fall, the stock will find some support from the short-term average at ¥4.29. 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 Shenzhen Fenda Technology Co Ltd stock
Shenzhen Fenda Technology Co Ltd finds support from accumulated volume at ¥4.22 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 ¥0.0700 between high and low, or 1.64%. For the last week, the stock has had daily average volatility of 3.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002681.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Shenzhen Fenda Technology Co Ltd to open at ¥4.32, and during the day (based on 14 day Average True Range), to move between ¥4.14 and ¥4.54, which gives a possible trading interval of +/-¥0.196 (+/-4.51%) up or down from last closing price. If Shenzhen Fenda Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 9.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.22 (2.76%) than the resistance at ¥4.80 (10.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shenzhen Fenda Technology Co Ltd stock A Buy?
Shenzhen Fenda 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: -1.893 Sell Candidate Unchanged
Predicted Opening Price for Shenzhen Fenda Technology Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥4.32 ( 0.538%) | ¥4.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002681.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.39 | 1.08 % | |
| R2 | 4.36 | 0.459 % | ||
| R1 | 4.34 | 0.0785 % | ||
| Current price: | 4.34 | |||
| Support | S1 | 4.29 | -1.15 % | |
| S2 | 4.27 | -1.53 % | ||
| S3 | 4.25 | -2.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.97 | 14.52 % | |
| R2 | 4.83 | 11.29 % | ||
| R1 | 4.80 | 10.60 % | ||
| Current price | 4.34 | |||
| Support | S1 | 4.22 | -2.76% | |
| S2 | 4.15 | -4.38% | ||
| S3 | 4.14 | -4.61% |
002681 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2018 | Jul 04, 2018 | Jul 04, 2018 | ¥0.0427 | 0.730% |
| 2 | Jun 02, 2017 | Jun 02, 2017 | Jun 02, 2017 | ¥0.0358 | 0.394% |
| 3 | May 27, 2016 | May 27, 2016 | May 27, 2016 | ¥0.0358 | 0.342% |
| 4 | Jun 15, 2015 | Jun 15, 2015 | Jun 15, 2015 | ¥0.0537 | 0.362% |
| 5 | Apr 22, 2014 | Apr 22, 2014 | Apr 22, 2014 | ¥0.0298 | 0.600% |
FAQ
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