Suzhou Shijia Science & Technology Inc Stock Forecast
Suzhou Shijia Science & Technology Inc stock price down 0.243% on Tuesday
(Updated on Apr 23, 2024)
The Suzhou Shijia Science & Technology Inc stock price fell by -0.243% on the last day (Tuesday, 23rd Apr 2024) from ¥8.23 to ¥8.21. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 7.20% from a day low at ¥8.05 to a day high of ¥8.63. The price has fallen in 9 of the last 10 days and is down by -40.29% 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 -3 million shares and in total, 13 million shares were bought and sold for approximately ¥106.79 million.
Given the current short-term trend, the stock is expected to rise 22.03% during the next 3 months and, with a 90% probability hold a price between ¥10.02 and ¥19.31 at the end of this 3-month period.
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002796.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Suzhou Shijia Science & Technology Inc 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 ¥8.60 and ¥10.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -46.27%. 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 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 Suzhou Shijia Science & Technology Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥7.13 and ¥6.54. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Suzhou Shijia Science & Technology Inc finds support just below today's level at ¥7.13. If this is broken, then the next support from accumulated volume will be at ¥6.54 and ¥6.48.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.580 between high and low, or 7.20%. For the last week, the stock has had daily average volatility of 16.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002796.SZ) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Suzhou Shijia Science & Technology Inc to open at ¥8.30, and during the day (based on 14 day Average True Range), to move between ¥6.77 and ¥9.65, which gives a possible trading interval of +/-¥1.44 (+/-17.50%) up or down from last closing price. If Suzhou Shijia Science & Technology Inc takes out the full calculated possible swing range there will be an estimated 35.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥9.23 (12.42%) than the support at ¥7.13 (13.15%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Suzhou Shijia Science & Technology Inc stock A Buy?
The Suzhou Shijia Science & Technology Inc stock holds several negative signals and despite the positive trend, we believe Suzhou Shijia Science & Technology Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.731 Sell Candidate Unchanged
Predicted Opening Price for Suzhou Shijia Science & Technology Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| ¥8.30 ( 1.06%) | ¥8.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002796.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.88 | 8.12 % | |
| R2 | 8.66 | 5.42 % | ||
| R1 | 8.52 | 3.75 % | ||
| Current price: | 8.21 | |||
| Support | S1 | 8.08 | -1.64 % | |
| S2 | 7.94 | -3.31 % | ||
| S3 | 7.72 | -6.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.25 | 24.85 % | |
| R2 | 9.96 | 21.32 % | ||
| R1 | 9.23 | 12.42 % | ||
| Current price | 8.21 | |||
| Support | S1 | 7.13 | -13.15% | |
| S2 | 6.54 | -20.34% | ||
| S3 | 6.48 | -21.07% |
002796 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2020 | May 28, 2020 | May 28, 2020 | ¥0.0333 | 0.151% |
| 2 | Apr 01, 2019 | Apr 01, 2019 | Apr 01, 2019 | ¥0.0889 | 0.393% |
| 3 | Apr 18, 2018 | Apr 18, 2018 | Apr 18, 2018 | ¥0.0889 | 0.786% |
| 4 | May 19, 2017 | May 19, 2017 | May 19, 2017 | ¥0.133 | 0.81% |
| 5 | Sep 05, 2016 | Sep 05, 2016 | Sep 05, 2016 | ¥0.267 | 0.87% |
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