Shenzhen Click Technology Co Ltd Stock Forecast
Shenzhen Click Technology Co Ltd stock upgraded to Buy Candidate.
(Updated on Jun 26, 2024)
The Shenzhen Click Technology Co Ltd stock price gained 4.63% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥10.36 to ¥10.84. During the last trading day the stock fluctuated 9.70% from a day low at ¥10.21 to a day high of ¥11.20. The price has risen in 6 of the last 10 days but is still down by -0.46% for this period. Volume fell on the last day by -591 thousand shares and in total, 5 million shares were bought and sold for approximately ¥52.96 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 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 5.49% during the next 3 months and, with a 90% probability hold a price between ¥10.45 and ¥12.50 at the end of this 3-month period.
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002782.SZ Signals & Forecast
The Shenzhen Click Technology 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 ¥11.06 and ¥11.23. A break-up above any of these levels will issue buy signals. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 4.63%. 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 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 Shenzhen Click Technology Co Ltd stock
Shenzhen Click Technology Co Ltd finds support from accumulated volume at ¥10.69 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 ¥0.99 between high and low, or 9.70%. For the last week, the stock has had daily average volatility of 6.32%.
Our recommended stop-loss: ¥10.38 (-4.21%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (002782.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Shenzhen Click Technology Co Ltd to open at ¥10.75, and during the day (based on 14 day Average True Range), to move between ¥10.23 and ¥11.45, which gives a possible trading interval of +/-¥0.605 (+/-5.58%) up or down from last closing price. If Shenzhen Click Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 11.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥10.69 (1.38%) than the resistance at ¥11.28 (4.06%), 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 Click Technology Co Ltd stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.564 Buy Candidate Upgraded
Predicted Opening Price for Shenzhen Click Technology Co Ltd of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
¥10.75 ( 0.83%) | ¥10.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002782.SZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 11.74 | 8.30% |
R2 | 11.36 | 4.81% |
R1 | 11.13 | 2.66% |
Price | 10.84 | |
S1 | 10.37 | -4.32% |
S2 | 10.14 | -6.47% |
S3 | 9.76 | -9.96% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 11.60 | 7.01% |
R2 | 11.34 | 4.61% |
R1 | 11.28 | 4.06% |
Price | 10.84 | |
S1 | 10.69 | -1.38% |
S2 | 10.64 | -1.85% |
S3 | 10.13 | -6.55% |
002782 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 15, 2024 | May 15, 2024 | May 15, 2024 | ¥0.0800 | 0.712% |
2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | ¥0.0800 | 0.538% |
3 | Jun 22, 2022 | Jun 22, 2022 | Jun 22, 2022 | ¥0.0500 | 0.283% |
4 | May 12, 2021 | May 12, 2021 | May 12, 2021 | ¥0.150 | 1.46% |
5 | May 15, 2020 | May 15, 2020 | May 15, 2020 | ¥0.100 | 0.91% |
FAQ
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