Shenzhen Asianntime Intrnl Constn Co Ltd Stock Forecast
Red day on Tuesday for Shenzhen Asianntime Intrnl Constn Co Ltd
(Updated on May 07, 2024)
The Shenzhen Asianntime Intrnl Constn Co Ltd stock price fell by -0.695% on the last day (Tuesday, 7th May 2024) from ¥7.19 to ¥7.14. During the last trading day the stock fluctuated 3.69% from a day low at ¥7.04 to a day high of ¥7.30. The price has risen in 6 of the last 10 days and is up by 19.4% over the past 2 weeks. 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 -8 million shares and in total, 9 million shares were bought and sold for approximately ¥61.60 million.
The stock lies in the middle of a very 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 9.14% during the next 3 months and, with a 90% probability hold a price between ¥6.05 and ¥8.89 at the end of this 3-month period.
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002811.SZ Signals & Forecast
The Shenzhen Asianntime Intrnl Constn 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 ¥6.84 and ¥6.79. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -1.92%. Further fall is indicated until a new bottom pivot has been found. 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 Shenzhen Asianntime Intrnl Constn Co Ltd stock
Shenzhen Asianntime Intrnl Constn Co Ltd finds support from accumulated volume at ¥7.04 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 ¥0.260 between high and low, or 3.69%. For the last week, the stock has had daily average volatility of 7.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002811.SZ) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Shenzhen Asianntime Intrnl Constn Co Ltd to open at ¥7.16, and during the day (based on 14 day Average True Range), to move between ¥6.57 and ¥7.71, which gives a possible trading interval of +/-¥0.575 (+/-8.05%) up or down from last closing price. If Shenzhen Asianntime Intrnl Constn Co Ltd takes out the full calculated possible swing range there will be an estimated 16.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥7.19 (0.70%) than the support at ¥7.04 (1.40%), 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.
Earnings coming up
Shenzhen Asianntime Intrnl Constn Co Ltd will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for Shenzhen Asianntime Intrnl Constn Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.33% in the first trading day after earnings release.
Is Shenzhen Asianntime Intrnl Constn Co Ltd stock A Buy?
Shenzhen Asianntime Intrnl Constn 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: -1.098 Sell Candidate Unchanged
Predicted Opening Price for Shenzhen Asianntime Intrnl Constn Co Ltd of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| ¥7.16 ( 0.280%) | ¥7.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002811.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.42 | 3.92 % | |
| R2 | 7.32 | 2.53 % | ||
| R1 | 7.26 | 1.67 % | ||
| Current price: | 7.14 | |||
| Support | S1 | 7.06 | -1.11 % | |
| S2 | 7.00 | -1.97 % | ||
| S3 | 6.90 | -3.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.63 | 6.86 % | |
| R2 | 7.35 | 2.94 % | ||
| R1 | 7.19 | 0.700 % | ||
| Current price | 7.14 | |||
| Support | S1 | 7.04 | -1.40% | |
| S2 | 6.43 | -9.94% | ||
| S3 | 6.19 | -13.31% |
002811 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 07, 2022 | Jul 07, 2022 | Jul 07, 2022 | ¥0.500 | 6.18% |
| 2 | Jun 15, 2021 | Jun 15, 2021 | Jun 15, 2021 | ¥0.400 | 5.37% |
| 3 | Jun 03, 2020 | Jun 03, 2020 | Jun 03, 2020 | ¥0.200 | 2.13% |
| 4 | Jul 23, 2019 | Jul 23, 2019 | Jul 23, 2019 | ¥0.133 | 1.52% |
| 5 | Jun 21, 2018 | Jun 21, 2018 | Jun 21, 2018 | ¥0.133 | 1.57% |
FAQ
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