Suzhou Hycan Holdings Co Ltd Stock Forecast
Suzhou Hycan Holdings Co Ltd stock price up 1.67% on Tuesday
(Updated on Apr 30, 2024)
The Suzhou Hycan Holdings Co Ltd stock price gained 1.67% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥7.79 to ¥7.92. During the last trading day the stock fluctuated 6.14% from a day low at ¥7.49 to a day high of ¥7.95. The price has risen in 8 of the last 10 days and is up by 23.36% over the past 2 weeks. Volume fell on the last day by -4 million shares and in total, 9 million shares were bought and sold for approximately ¥68.01 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 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 31.83% during the next 3 months and, with a 90% probability hold a price between ¥8.59 and ¥11.57 at the end of this 3-month period.
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002787.SZ Signals & Forecast
The Suzhou Hycan Holdings Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥7.44 and ¥7.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 23.36%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Suzhou Hycan Holdings Co Ltd stock
Suzhou Hycan Holdings Co Ltd finds support from accumulated volume at ¥7.81 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 ¥0.460 between high and low, or 6.14%. For the last week, the stock has had daily average volatility of 6.77%.
Our recommended stop-loss: ¥7.65 (-3.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (002787.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Suzhou Hycan Holdings Co Ltd to open at ¥7.79, and during the day (based on 14 day Average True Range), to move between ¥7.34 and ¥8.50, which gives a possible trading interval of +/-¥0.585 (+/-7.38%) up or down from last closing price. If Suzhou Hycan Holdings Co Ltd takes out the full calculated possible swing range there will be an estimated 14.76% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥7.81, some ¥0.110 (1.39%) from the current price of ¥7.92, our system finds the risk reward attractive.
Is Suzhou Hycan Holdings Co Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Suzhou Hycan Holdings Co Ltd stock to perform well in the short-term.
Current score: 4.711 Buy Candidate Unchanged
Predicted Opening Price for Suzhou Hycan Holdings Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥7.79 ( 1.68%) | ¥7.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002787.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.25 | 4.12 % | |
| R2 | 8.07 | 1.91 % | ||
| R1 | 7.96 | 0.535 % | ||
| Current price: | 7.92 | |||
| Support | S1 | 7.61 | -3.90 % | |
| S2 | 7.50 | -5.27 % | ||
| S3 | 7.33 | -7.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 7.92 | |||
| Support | S1 | 7.81 | -1.39% | |
| S2 | 7.56 | -4.55% | ||
| S3 | 6.42 | -18.94% |
002787 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | ¥0.0500 | 0.86% |
| 2 | Jun 05, 2020 | Jun 05, 2020 | Jun 05, 2020 | ¥0.100 | 1.47% |
| 3 | May 30, 2019 | May 30, 2019 | May 30, 2019 | ¥0.0500 | 0.691% |
| 4 | Jun 06, 2018 | Jun 06, 2018 | Jun 06, 2018 | ¥0.200 | 1.81% |
| 5 | Jun 12, 2017 | Jun 12, 2017 | Jun 12, 2017 | ¥0.250 | 0.684% |
FAQ
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