Shenzhen Center Power Stock Forecast
Shenzhen Center Power stock price took a fall of -5.86% on Tuesday
(Updated on Apr 30, 2024)
The Shenzhen Center Power stock price fell by -5.86% on the last day (Tuesday, 30th Apr 2024) from ¥13.49 to ¥12.70. During the last trading day the stock fluctuated 3.94% from a day low at ¥12.70 to a day high of ¥13.20. The price has risen in 6 of the last 10 days and is up by 5.66% over the past 2 weeks. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 million shares were bought and sold for approximately ¥138.97 million.
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 14.84% during the next 3 months and, with a 90% probability hold a price between ¥13.75 and ¥17.91 at the end of this 3-month period.
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002733.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Shenzhen Center Power 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 ¥12.99 and ¥13.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -15.73%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Shenzhen Center Power stock
Shenzhen Center Power finds support from accumulated volume at ¥12.25 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 ¥0.500 between high and low, or 3.94%. For the last week, the stock has had daily average volatility of 3.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002733.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Shenzhen Center Power to open at ¥12.87, and during the day (based on 14 day Average True Range), to move between ¥11.81 and ¥13.59, which gives a possible trading interval of +/-¥0.89 (+/-6.98%) up or down from last closing price. If Shenzhen Center Power takes out the full calculated possible swing range there will be an estimated 13.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥12.25 (3.54%) than the resistance at ¥14.24 (12.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shenzhen Center Power stock A Buy?
The Shenzhen Center Power stock holds several negative signals and despite the positive trend, we believe Shenzhen Center Power will perform weakly in the next couple of days or weeks. Therefore, we 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: -5.350 Strong Sell Candidate Downgraded
Predicted Opening Price for Shenzhen Center Power of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
¥12.87 ( 1.31%) | ¥12.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002733.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.37 | 5.25 % | |
R2 | 13.18 | 3.75 % | ||
R1 | 13.06 | 2.82 % | ||
Current price: | 12.70 | |||
Support | S1 | 12.68 | -0.192 % | |
S2 | 12.56 | -1.12 % | ||
S3 | 12.37 | -2.62 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.83 | 16.77 % | |
R2 | 14.45 | 13.78 % | ||
R1 | 14.24 | 12.13 % | ||
Current price | 12.70 | |||
Support | S1 | 12.25 | -3.54% | |
S2 | 12.02 | -5.35% | ||
S3 | 11.73 | -7.64% |
002733 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | ¥0.100 | 0.627% |
2 | May 27, 2021 | May 27, 2021 | May 27, 2021 | ¥0.100 | 0.637% |
3 | Jun 01, 2020 | Jun 01, 2020 | Jun 01, 2020 | ¥0.250 | 1.19% |
4 | May 27, 2019 | May 27, 2019 | May 27, 2019 | ¥0.150 | 0.656% |
5 | Sep 13, 2018 | Sep 13, 2018 | Sep 13, 2018 | ¥0.0500 | 0.538% |
FAQ
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