Simei Media Co Ltd Stock Forecast
High volatility in Simei Media Co Ltd stock price on Friday which ended trading at ¥4.73
(Updated on Jun 14, 2024)
The Simei Media Co Ltd stock price gained 0.212% on the last trading day (Friday, 14th Jun 2024), rising from ¥4.72 to ¥4.73. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 17.98% from a day low at ¥4.06 to a day high of ¥4.79. The price has risen in 6 of the last 10 days and is up by 2.6% over the past 2 weeks. Volume fell on the last day by -12 million shares and in total, 30 million shares were bought and sold for approximately ¥139.62 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -8.67% during the next 3 months and, with a 90% probability hold a price between ¥3.05 and ¥5.47 at the end of this 3-month period.
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002712.SZ Signals & Forecast
There are mixed signals in the stock today. The Simei Media 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 ¥4.82. On a fall, the stock will find some support from the short-term average at ¥4.41. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 18.84%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Simei Media Co Ltd stock
Simei Media Co Ltd finds support from accumulated volume at ¥4.72 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 ¥0.730 between high and low, or 17.98%. For the last week, the stock has had daily average volatility of 14.58%.
Our recommended stop-loss: ¥4.54 (-4.03%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (002712.SZ) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Simei Media Co Ltd to open at ¥4.53, and during the day (based on 14 day Average True Range), to move between ¥4.17 and ¥5.29, which gives a possible trading interval of +/-¥0.556 (+/-11.75%) 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 23.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.72 (0.21%) than the resistance at ¥5.20 (9.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Simei Media Co Ltd stock A Buy?
Simei Media Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.652 Hold/Accumulate Unchanged
Predicted Opening Price for Simei Media Co Ltd of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ¥4.53 ( 4.30%) | ¥4.73 |
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 | |
|---|---|---|
| R3 | 5.26 | 11.13% |
| R2 | 4.98 | 5.24% |
| R1 | 4.81 | 1.60% |
| Price | 4.73 | |
| S1 | 4.25 | -10.19% |
| S2 | 4.08 | -13.84% |
| S3 | 3.80 | -19.73% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.91 | 24.95% |
| R2 | 5.75 | 21.56% |
| R1 | 5.20 | 9.94% |
| Price | 4.73 | |
| S1 | 4.72 | -0.211% |
| S2 | 4.70 | -0.634% |
| S3 | 4.63 | -2.11% |
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% |
FAQ
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