Hangzhou Innover Technology Co Ltd Stock Forecast
High volatility in Hangzhou Innover Technology Co Ltd stock price on Wednesday which ended trading at ¥11.96
(Updated on Jun 26, 2024)
The Hangzhou Innover Technology Co Ltd stock price gained 4.45% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥11.45 to ¥11.96. During the last trading day the stock fluctuated 16.06% from a day low at ¥11.21 to a day high of ¥13.01. The price has been going up and down for this period, and there has been a 4.09% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 986 thousand more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately ¥95.09 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.15% during the next 3 months and, with a 90% probability hold a price between ¥9.66 and ¥14.37 at the end of this 3-month period.
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002767.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 4.45%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hangzhou Innover Technology Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥12.64 and ¥12.51. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Hangzhou Innover Technology Co Ltd stock
Hangzhou Innover Technology Co Ltd finds support from accumulated volume at ¥11.78 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥1.80 between high and low, or 16.06%. For the last week, the stock has had daily average volatility of 15.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002767.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Hangzhou Innover Technology Co Ltd to open at ¥12.06, and during the day (based on 14 day Average True Range), to move between ¥10.58 and ¥13.34, which gives a possible trading interval of +/-¥1.38 (+/-11.50%) up or down from last closing price. If Hangzhou Innover Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 23.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥11.78 (1.51%) than the resistance at ¥12.41 (3.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hangzhou Innover Technology Co Ltd stock A Buy?
Hangzhou Innover Technology 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: -2.430 Sell Candidate Unchanged
Predicted Opening Price for Hangzhou Innover Technology Co Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥12.06 ( 0.84%) | ¥11.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002767.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.86 | 15.89% |
| R2 | 13.17 | 10.14% |
| R1 | 12.75 | 6.59% |
| Price | 11.96 | |
| S1 | 11.37 | -4.91% |
| S2 | 10.95 | -8.46% |
| S3 | 10.26 | -14.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.73 | 23.16% |
| R2 | 13.77 | 15.13% |
| R1 | 12.41 | 3.76% |
| Price | 11.96 | |
| S1 | 11.78 | -1.51% |
| S2 | 11.64 | -2.68% |
| S3 | 11.45 | -4.26% |
002767 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jun 28, 2024 | ¥0.0160 | 0.134% |
| 2 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | ¥0.0270 | 0.257% |
| 3 | Jul 01, 2021 | Jul 01, 2021 | Jul 01, 2021 | ¥0.0280 | 0.191% |
| 4 | Jul 10, 2020 | Jul 10, 2020 | Jul 10, 2020 | ¥0.0350 | 0.249% |
| 5 | Jul 12, 2019 | Jul 12, 2019 | Jul 12, 2019 | ¥0.0310 | 0.181% |
FAQ
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