Guangdong Huafeng New En Tech C Ltd Stock Forecast
Stronger technical forecast for Guangdong Huafeng New En Tech C Ltd stock price after Friday trading.
(Updated on May 24, 2024)
No changes to the price of Guangdong Huafeng New En Tech C Ltd stock on the last trading day (Friday, 24th May 2024). During the last trading day the stock fluctuated 5.14% from a day low at ¥8.56 to a day high of ¥9.00. The price has fallen in 5 of the last 10 days and is down by -2.58% for this period.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Guangdong Huafeng New En Tech C Ltd stock with a 90% probability to be traded between ¥7.16 and ¥10.54 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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002806.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and 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. The Guangdong Huafeng New En Tech C 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 ¥8.90 and ¥8.82. 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 29, 2024, and so far it has fallen -4.71%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Guangdong Huafeng New En Tech C Ltd stock
Guangdong Huafeng New En Tech C Ltd finds support from accumulated volume at ¥8.59 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 ¥0.440 between high and low, or 5.14%. For the last week, the stock has had daily average volatility of 4.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002806.SZ) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Guangdong Huafeng New En Tech C Ltd to open at ¥8.75, and during the day (based on 14 day Average True Range), to move between ¥8.11 and ¥9.29, which gives a possible trading interval of +/-¥0.594 (+/-6.82%) up or down from last closing price. If Guangdong Huafeng New En Tech C Ltd takes out the full calculated possible swing range there will be an estimated 13.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥8.59 (1.26%) than the resistance at ¥9.54 (9.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangdong Huafeng New En Tech C Ltd stock A Buy?
Guangdong Huafeng New En Tech C Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.393 Sell Candidate Upgraded
Predicted Opening Price for Guangdong Huafeng New En Tech C Ltd of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ¥8.75 ( 0.613%) | ¥8.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002806.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.19 | 5.67 % | |
| R2 | 9.03 | 3.74 % | ||
| R1 | 8.92 | 2.54 % | ||
| Current price: | 8.70 | |||
| Support | S1 | 8.59 | -1.32 % | |
| S2 | 8.48 | -2.51 % | ||
| S3 | 8.31 | -4.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.68 | 22.76 % | |
| R2 | 10.10 | 16.09 % | ||
| R1 | 9.54 | 9.66 % | ||
| Current price | 8.70 | |||
| Support | S1 | 8.59 | -1.26% | |
| S2 | 8.44 | -2.99% | ||
| S3 | 7.82 | -10.11% |
002806 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2020 | May 29, 2020 | May 29, 2020 | ¥0.0800 | 0.701% |
| 2 | May 23, 2019 | May 23, 2019 | May 23, 2019 | ¥0.0800 | 0.504% |
| 3 | Jun 04, 2018 | Jun 04, 2018 | Jun 04, 2018 | ¥0.0800 | 0.235% |
| 4 | May 18, 2017 | May 18, 2017 | May 18, 2017 | ¥0.0588 | 0.230% |
FAQ
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