Dong Yi Ri Sheng Home Decoratn Gp Co Ltd Stock Forecast
Evaluation of Dong Yi Ri Sheng Home Decoratn Gp Co Ltd stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The Dong Yi Ri Sheng Home Decoratn Gp Co Ltd stock price fell by -4.55% on the last day (Tuesday, 30th Apr 2024) from ¥4.18 to ¥3.99. During the last trading day the stock fluctuated 7.38% from a day low at ¥3.93 to a day high of ¥4.22. The price has been going up and down for this period, and there has been a -4.77% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -819 thousand shares and in total, 12 million shares were bought and sold for approximately ¥49.07 million.
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 ¥3.64 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -22.66% during the next 3 months and, with a 90% probability hold a price between ¥2.81 and ¥4.63 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 5.28%. Further rise is indicated until a new top pivot has been found. 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 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 ¥5.03. On a fall, the stock will find some support from the short-term average at ¥3.93. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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 ¥0.290 between high and low, or 7.38%. For the last week, the stock has had daily average volatility of 10.71%.
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect Dong Yi Ri Sheng Home Decoratn Gp Co Ltd to open at ¥4.05, and during the day (based on 14 day Average True Range), to move between ¥3.54 and ¥4.44, which gives a possible trading interval of +/-¥0.447 (+/-11.20%) 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 22.40% 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 (3.01%) than the resistance at ¥4.12 (3.26%), 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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.071 Strong Sell Candidate Downgraded
Predicted Opening Price for Dong Yi Ri Sheng Home Decoratn Gp Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥4.05 ( 1.42%) | ¥3.99 |
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 | 4.34 | 8.69 % | |
| R2 | 4.23 | 5.91 % | ||
| R1 | 4.16 | 4.20 % | ||
| Current price: | 3.99 | |||
| Support | S1 | 3.94 | -1.36 % | |
| S2 | 3.87 | -3.07 % | ||
| S3 | 3.76 | -5.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.65 | 16.54 % | |
| R2 | 4.18 | 4.76 % | ||
| R1 | 4.12 | 3.26 % | ||
| Current price | 3.99 | |||
| Support | S1 | 3.87 | -3.01% | |
| S2 | 3.86 | -3.26% | ||
| S3 | 3.79 | -5.01% |
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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