Shenyang Cuihua Gold & Silvr Jwlry CoLtd Stock Forecast

Shenyang Cuihua Gold & Silvr Jwlry CoLtd stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)

002731.SZ Signals & Forecast

There are mixed signals in the stock today. The Shenyang Cuihua Gold & Silvr Jwlry CoLtd 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 ¥9.99 and ¥10.32. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 6.96%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, March 15, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Shenyang Cuihua Gold & Silvr Jwlry CoLtd stock

Shenyang Cuihua Gold & Silvr Jwlry CoLtd finds support from accumulated volume at ¥9.94 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 ¥0.370 between high and low, or 3.76%. For the last week, the stock has had daily average volatility of 4.02%.

Our recommended stop-loss: ¥9.49 (-4.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (002731.SZ) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Shenyang Cuihua Gold & Silvr Jwlry CoLtd to open at ¥10.01, and during the day (based on 14 day Average True Range), to move between ¥9.28 and ¥10.70, which gives a possible trading interval of +/-¥0.712 (+/-7.13%) up or down from last closing price. If Shenyang Cuihua Gold & Silvr Jwlry CoLtd takes out the full calculated possible swing range there will be an estimated 14.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥9.94 (0.50%) than the resistance at ¥10.98 (9.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Shenyang Cuihua Gold & Silvr Jwlry CoLtd stock A Buy?

Shenyang Cuihua Gold & Silvr Jwlry CoLtd 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.880 Hold/Accumulate Upgraded

Predicted Opening Price for Shenyang Cuihua Gold & Silvr Jwlry CoLtd of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.