Dianguang Explosion-proof Tchnlgy Co Ltd Stock Forecast
Green day on Monday for Dianguang Explosion-proof Tchnlgy Co Ltd stock after gaining 1.60%
(Updated on May 06, 2024)
The Dianguang Explosion-proof Tchnlgy Co Ltd stock price gained 1.60% on the last trading day (Monday, 6th May 2024), rising from ¥7.50 to ¥7.62. During the last trading day the stock fluctuated 1.73% from a day low at ¥7.53 to a day high of ¥7.66. The price has been going up and down for this period, and there has been a 8.39% gain for the last 2 weeks. Volume fell on the last day by -4 million shares and in total, 12 million shares were bought and sold for approximately ¥88.97 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 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 12.09% during the next 3 months and, with a 90% probability hold a price between ¥7.10 and ¥9.73 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002730.SZ Signals & Forecast
There are mixed signals in the stock today. The Dianguang Explosion-proof Tchnlgy 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 ¥7.65. On a fall, the stock will find some support from the short-term average at ¥7.44. 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -7.19%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Dianguang Explosion-proof Tchnlgy Co Ltd stock
Dianguang Explosion-proof Tchnlgy Co Ltd finds support from accumulated volume at ¥7.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.130 between high and low, or 1.73%. For the last week, the stock has had daily average volatility of 4.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002730.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Dianguang Explosion-proof Tchnlgy Co Ltd to open at ¥7.60, and during the day (based on 14 day Average True Range), to move between ¥7.08 and ¥8.16, which gives a possible trading interval of +/-¥0.542 (+/-7.12%) up or down from last closing price. If Dianguang Explosion-proof Tchnlgy Co Ltd takes out the full calculated possible swing range there will be an estimated 14.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥7.67 (0.66%) than the support at ¥7.54 (1.05%), 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 Dianguang Explosion-proof Tchnlgy Co Ltd stock A Buy?
Dianguang Explosion-proof Tchnlgy 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.
Current score: -3.913 Sell Candidate Unchanged
Predicted Opening Price for Dianguang Explosion-proof Tchnlgy Co Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥7.60 ( 0.219%) | ¥7.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002730.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.73 | 1.49 % | |
| R2 | 7.68 | 0.84 % | ||
| R1 | 7.65 | 0.433 % | ||
| Current price: | 7.62 | |||
| Support | S1 | 7.55 | -0.87 % | |
| S2 | 7.52 | -1.27 % | ||
| S3 | 7.47 | -1.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.12 | 6.56 % | |
| R2 | 7.76 | 1.84 % | ||
| R1 | 7.67 | 0.656 % | ||
| Current price | 7.62 | |||
| Support | S1 | 7.54 | -1.05% | |
| S2 | 7.38 | -3.15% | ||
| S3 | 7.22 | -5.25% |
002730 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | ¥0.110 | 1.24% |
| 2 | Jun 07, 2022 | Jun 07, 2022 | Jun 07, 2022 | ¥0.110 | 1.28% |
| 3 | Jun 08, 2021 | Jun 08, 2021 | Jun 08, 2021 | ¥0.0800 | 0.600% |
| 4 | Jun 05, 2020 | Jun 05, 2020 | Jun 05, 2020 | ¥0.100 | 1.37% |
| 5 | Jun 06, 2019 | Jun 06, 2019 | Jun 06, 2019 | ¥0.0500 | 0.654% |
FAQ
Click here for our free guide on how to buy Dianguang Explosion-proof Tchnlgy Co Ltd Stock.
