Simei Media Co Ltd Stock Forecast
Simei Media Co Ltd stock upgraded to Buy Candidate.
(Updated on May 24, 2024)
The Simei Media Co Ltd stock price gained 2.09% on the last trading day (Friday, 24th May 2024), rising from ¥4.79 to ¥4.89. During the last trading day the stock fluctuated 7.81% from a day low at ¥4.74 to a day high of ¥5.11. The price has fallen in 6 of the last 10 days and is down by -17.95% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 million more shares were traded than the day before. In total, 47 million shares were bought and sold for approximately ¥227.61 million.
The stock lies in the middle of a very 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 3.48% during the next 3 months and, with a 90% probability hold a price between ¥3.93 and ¥6.49 at the end of this 3-month period.
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002712.SZ Signals & Forecast
The Simei Media Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥4.92. On a fall, the stock will find some support from the long-term average at approximately ¥4.82. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 2.52%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Simei Media Co Ltd stock
Simei Media Co Ltd finds support from accumulated volume at ¥4.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.370 between high and low, or 7.81%. For the last week, the stock has had daily average volatility of 7.25%.
Our recommended stop-loss: ¥4.61 (-5.69%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (002712.SZ) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Simei Media Co Ltd to open at ¥4.91, and during the day (based on 14 day Average True Range), to move between ¥4.21 and ¥5.57, which gives a possible trading interval of +/-¥0.681 (+/-13.93%) up or down from last closing price. If Simei Media Co Ltd takes out the full calculated possible swing range there will be an estimated 27.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥4.91 (0.41%) than the support at ¥4.79 (2.04%), 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 Simei Media Co Ltd 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 Simei Media Co Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.173 Buy Candidate Upgraded
Predicted Opening Price for Simei Media Co Ltd of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ¥4.91 ( 0.477%) | ¥4.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002712.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.28 | 8.04 % | |
| R2 | 5.14 | 5.15 % | ||
| R1 | 5.05 | 3.37 % | ||
| Current price: | 4.89 | |||
| Support | S1 | 4.77 | -2.41 % | |
| S2 | 4.68 | -4.20 % | ||
| S3 | 4.54 | -7.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.91 | 20.86 % | |
| R2 | 5.75 | 17.59 % | ||
| R1 | 4.91 | 0.409 % | ||
| Current price | 4.89 | |||
| Support | S1 | 4.79 | -2.04% | |
| S2 | 4.65 | -4.91% | ||
| S3 | 4.41 | -9.82% |
002712 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2019 | Jun 20, 2019 | Jun 20, 2019 | ¥0.0083 | 0.117% |
| 2 | Jul 10, 2018 | Jul 10, 2018 | Jul 10, 2018 | ¥0.0647 | 0.610% |
| 3 | Jul 18, 2017 | Jul 18, 2017 | Jul 18, 2017 | ¥0.0412 | 0.382% |
| 4 | Jun 17, 2016 | Jun 17, 2016 | Jun 17, 2016 | ¥0.0294 | 0.0443% |
| 5 | Jul 03, 2015 | Jul 03, 2015 | Jul 03, 2015 | ¥0.0294 | 0.209% |
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