Dong Yi Ri Sheng Home Decoratn Gp Co Ltd Stock Forecast
High volatility in Dong Yi Ri Sheng Home Decoratn Gp Co Ltd stock price on Thursday which ended trading at ¥3.92
(Updated on Apr 25, 2024)
The Dong Yi Ri Sheng Home Decoratn Gp Co Ltd stock price gained 1.55% on the last trading day (Thursday, 25th Apr 2024), rising from ¥3.86 to ¥3.92. During the last trading day the stock fluctuated 12.01% from a day low at ¥3.83 to a day high of ¥4.29. The price has fallen in 7 of the last 10 days and is down by -23.44% for this period. Volume fell on the last day by -5 million shares and in total, 10 million shares were bought and sold for approximately ¥38.52 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥3.74 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.09% during the next 3 months and, with a 90% probability hold a price between ¥3.03 and ¥5.06 at the end of this 3-month period.
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002713.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 3.43%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dong Yi Ri Sheng Home Decoratn Gp Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥4.04 and ¥5.19. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Dong Yi Ri Sheng Home Decoratn Gp Co Ltd stock
Dong Yi Ri Sheng Home Decoratn Gp Co Ltd finds support from accumulated volume at ¥3.87 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.460 between high and low, or 12.01%. For the last week, the stock has had daily average volatility of 16.39%.
Dong Yi Ri Sheng Home Decoratn Gp Co Ltd is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002713.SZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Dong Yi Ri Sheng Home Decoratn Gp Co Ltd to open at ¥4.01, and during the day (based on 14 day Average True Range), to move between ¥3.45 and ¥4.39, which gives a possible trading interval of +/-¥0.473 (+/-12.05%) up or down from last closing price. If Dong Yi Ri Sheng Home Decoratn Gp Co Ltd takes out the full calculated possible swing range there will be an estimated 24.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.87 (1.28%) than the resistance at ¥4.12 (5.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dong Yi Ri Sheng Home Decoratn Gp Co Ltd stock A Buy?
Dong Yi Ri Sheng Home Decoratn Gp Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.149 Sell Candidate Unchanged
Predicted Opening Price for Dong Yi Ri Sheng Home Decoratn Gp Co Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ¥4.01 ( 2.38%) | ¥3.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002713.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.47 | 14.12 % | |
| R2 | 4.30 | 9.63 % | ||
| R1 | 4.19 | 6.86 % | ||
| Current price: | 3.92 | |||
| Support | S1 | 3.84 | -2.10 % | |
| S2 | 3.73 | -4.87 % | ||
| S3 | 3.55 | -9.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.65 | 18.62 % | |
| R2 | 4.19 | 6.89 % | ||
| R1 | 4.12 | 5.10 % | ||
| Current price | 3.92 | |||
| Support | S1 | 3.87 | -1.28% | |
| S2 | 3.86 | -1.53% | ||
| S3 | 3.79 | -3.32% |
002713 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2019 | Jun 21, 2019 | Jun 21, 2019 | ¥0.550 | 5.02% |
| 2 | Jun 08, 2018 | Jun 08, 2018 | Jun 08, 2018 | ¥0.688 | 5.03% |
| 3 | Apr 28, 2017 | Apr 28, 2017 | Apr 28, 2017 | ¥0.500 | 3.74% |
| 4 | May 30, 2016 | May 30, 2016 | May 30, 2016 | ¥0.250 | 1.61% |
| 5 | May 21, 2015 | May 21, 2015 | May 21, 2015 | ¥0.188 | 0.721% |
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