ORG Technology Co Ltd Stock Forecast
ORG Technology Co Ltd stock price ended at ¥4.25 on Wednesday, after losing 2.52%.
(Updated on Apr 24, 2024)
The ORG Technology Co Ltd stock price fell by -2.52% on the last day (Wednesday, 24th Apr 2024) from ¥4.36 to ¥4.25. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.49% from a day low at ¥4.16 to a day high of ¥4.43. The price has fallen in 6 of the last 10 days and is down by -5.56% for this period. Volume has increased on the last day by 14 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 29 million shares were bought and sold for approximately ¥121.22 million.
The stock lies in the middle of a 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 11.72% during the next 3 months and, with a 90% probability hold a price between ¥4.60 and ¥5.23 at the end of this 3-month period.
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002701.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The ORG Technology 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 ¥4.39 and ¥4.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -7.00%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for ORG Technology Co Ltd stock
ORG Technology Co Ltd finds support from accumulated volume at ¥4.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.270 (6.49%) between high and low. For the last week, the stock has had daily average volatility of 3.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002701.SZ) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect ORG Technology Co Ltd to open at ¥4.28, and during the day (based on 14 day Average True Range), to move between ¥4.09 and ¥4.41, which gives a possible trading interval of +/-¥0.162 (+/-3.82%) up or down from last closing price. If ORG Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 7.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥4.26 (0.24%) than the support at ¥4.24 (0.24%), 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 ORG Technology Co Ltd stock A Buy?
The ORG Technology Co Ltd stock holds several negative signals and despite the positive trend, we believe ORG Technology Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.526 Sell Candidate Unchanged
Predicted Opening Price for ORG Technology Co Ltd of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| ¥4.28 ( 0.706%) | ¥4.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002701.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.55 | 7.06 % | |
| R2 | 4.45 | 4.63 % | ||
| R1 | 4.38 | 3.13 % | ||
| Current price: | 4.25 | |||
| Support | S1 | 4.18 | -1.72 % | |
| S2 | 4.11 | -3.22 % | ||
| S3 | 4.01 | -5.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.39 | 3.29 % | |
| R2 | 4.27 | 0.471 % | ||
| R1 | 4.26 | 0.235 % | ||
| Current price | 4.25 | |||
| Support | S1 | 4.24 | -0.235% | |
| S2 | 4.23 | -0.471% | ||
| S3 | 4.20 | -1.18% |
002701 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2023 | Jul 12, 2023 | Jul 12, 2023 | ¥0.120 | 2.70% |
| 2 | Jul 14, 2022 | Jul 14, 2022 | Jul 14, 2022 | ¥0.136 | 2.69% |
| 3 | Jun 09, 2021 | Jun 09, 2021 | Jun 09, 2021 | ¥0.0400 | 0.781% |
| 4 | Oct 20, 2020 | Oct 20, 2020 | Oct 20, 2020 | ¥0.117 | 1.97% |
| 5 | Jun 18, 2020 | Jun 18, 2020 | Jun 18, 2020 | ¥0.0630 | 1.60% |
FAQ
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