Yunnan Energy New Material Co Ltd Stock Forecast
High volatility in Yunnan Energy New Material Co Ltd stock price on Thursday which ended trading at ¥39.52
(Updated on Apr 25, 2024)
The Yunnan Energy New Material Co Ltd stock price gained 4.69% on the last trading day (Thursday, 25th Apr 2024), rising from ¥37.75 to ¥39.52. During the last trading day the stock fluctuated 18.28% from a day low at ¥36.00 to a day high of ¥42.58. The price has fallen in 7 of the last 10 days and is down by -6.7% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 million more shares were traded than the day before. In total, 31 million shares were bought and sold for approximately ¥1.22 billion.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.95% during the next 3 months and, with a 90% probability hold a price between ¥35.45 and ¥45.13 at the end of this 3-month period.
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002812.SZ Signals & Forecast
There are mixed signals in the stock today. The Yunnan Energy New Material 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 ¥40.64 and ¥43.16. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 4.69%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Yunnan Energy New Material Co Ltd stock
Yunnan Energy New Material Co Ltd finds support from accumulated volume at ¥39.01 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 ¥6.58 between high and low, or 18.28%. For the last week, the stock has had daily average volatility of 11.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002812.SZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Yunnan Energy New Material Co Ltd to open at ¥39.37, and during the day (based on 14 day Average True Range), to move between ¥36.47 and ¥42.57, which gives a possible trading interval of +/-¥3.05 (+/-7.73%) up or down from last closing price. If Yunnan Energy New Material Co Ltd takes out the full calculated possible swing range there will be an estimated 15.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥39.01 (1.29%) than the resistance at ¥44.35 (12.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Yunnan Energy New Material Co Ltd will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.500. We will update the financials statements for Yunnan Energy New Material Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.74% in the first trading day after earnings release.
Is Yunnan Energy New Material Co Ltd stock A Buy?
Yunnan Energy New Material 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: -2.085 Sell Candidate Unchanged
Predicted Opening Price for Yunnan Energy New Material Co Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ¥39.37 ( 0.388%) | ¥39.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002812.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.95 | 16.26 % | |
| R2 | 43.43 | 9.90 % | ||
| R1 | 41.88 | 5.97 % | ||
| Current price: | 39.52 | |||
| Support | S1 | 36.85 | -6.75 % | |
| S2 | 35.30 | -10.68 % | ||
| S3 | 32.79 | -17.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.98 | 21.41 % | |
| R2 | 45.06 | 14.02 % | ||
| R1 | 44.35 | 12.22 % | ||
| Current price | 39.52 | |||
| Support | S1 | 39.01 | -1.29% | |
| S2 | 38.64 | -2.23% | ||
| S3 | 37.75 | -4.48% |
002812 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 21, 2023 | Aug 21, 2023 | Aug 21, 2023 | ¥0.178 | 0.212% |
| 2 | May 16, 2022 | May 16, 2022 | May 16, 2022 | ¥0.303 | 0.145% |
| 3 | Apr 30, 2021 | Apr 30, 2021 | Apr 30, 2021 | ¥0.170 | 0.126% |
| 4 | May 21, 2020 | May 21, 2020 | May 21, 2020 | ¥0.125 | 0.216% |
| 5 | Jul 09, 2019 | Jul 09, 2019 | Jul 09, 2019 | ¥0.223 | 0.726% |
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