ShengXing Group Co Ltd Stock Forecast
ShengXing Group Co Ltd stock price ended at ¥5.08 on Wednesday, after losing 1.93%.
(Updated on Jul 03, 2024)
The ShengXing Group Co Ltd stock price fell by -1.93% on the last day (Wednesday, 3rd Jul 2024) from ¥5.18 to ¥5.08. During the last trading day the stock fluctuated 2.77% from a day low at ¥5.06 to a day high of ¥5.20. The price has fallen in 6 of the last 10 days and is down by -4.69% for this period. 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 -501 thousand shares and in total, 6 million shares were bought and sold for approximately ¥32.70 million.
The stock lies in the middle of a very wide and weak 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 4.79% during the next 3 months and, with a 90% probability hold a price between ¥4.91 and ¥6.62 at the end of this 3-month period.
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002752.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ShengXing Group 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 ¥5.16 and ¥5.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -17.67%. Further fall is indicated until a new bottom pivot has been found. 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 ShengXing Group Co Ltd stock
ShengXing Group Co Ltd finds support from accumulated volume at ¥5.06 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 ¥0.140 between high and low, or 2.77%. For the last week, the stock has had daily average volatility of 3.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002752.SZ) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect ShengXing Group Co Ltd to open at ¥5.11, and during the day (based on 14 day Average True Range), to move between ¥4.86 and ¥5.30, which gives a possible trading interval of +/-¥0.222 (+/-4.36%) up or down from last closing price. If ShengXing Group Co Ltd takes out the full calculated possible swing range there will be an estimated 8.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.06 (0.39%) than the resistance at ¥5.49 (8.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ShengXing Group Co Ltd stock A Buy?
The ShengXing Group Co Ltd stock holds several negative signals and despite the positive trend, we believe ShengXing Group Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.710 Sell Candidate Unchanged
Predicted Opening Price for ShengXing Group Co Ltd of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ¥5.11 ( 0.656%) | ¥5.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002752.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.25 | 3.41% |
| R2 | 5.20 | 2.36% |
| R1 | 5.17 | 1.71% |
| Price | 5.08 | |
| S1 | 5.06 | -0.397% |
| S2 | 5.03 | -1.05% |
| S3 | 4.97 | -2.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.76 | 13.39% |
| R2 | 5.59 | 10.04% |
| R1 | 5.49 | 8.07% |
| Price | 5.08 | |
| S1 | 5.06 | -0.394% |
| S2 | 5.04 | -0.787% |
| S3 | 4.43 | -12.80% |
002752 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 17, 2023 | Jul 17, 2023 | Jul 17, 2023 | ¥0.0500 | 1.05% |
| 2 | Jul 01, 2022 | Jul 01, 2022 | Jul 01, 2022 | ¥0.0300 | 0.615% |
| 3 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | ¥0.0100 | 0.182% |
| 4 | Jun 02, 2020 | Jun 02, 2020 | Jun 02, 2020 | ¥0.0250 | 0.458% |
| 5 | Jun 12, 2019 | Jun 12, 2019 | Jun 12, 2019 | ¥0.0250 | 0.389% |
FAQ
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