Beijing StarNeto Technology Co Ltd Stock Forecast
Green day on Thursday for Beijing StarNeto Technology Co Ltd stock after gaining 0.428%
(Updated on May 09, 2024)
The Beijing StarNeto Technology Co Ltd stock price gained 0.428% on the last trading day (Thursday, 9th May 2024), rising from ¥21.04 to ¥21.13. During the last trading day the stock fluctuated 4.12% from a day low at ¥20.65 to a day high of ¥21.50. The price has been going up and down for this period, and there has been a 0.76% gain for the last 2 weeks. Volume fell on the last day by -3 million shares and in total, 7 million shares were bought and sold for approximately ¥140.09 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 16.17% during the next 3 months and, with a 90% probability hold a price between ¥22.21 and ¥32.69 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002829.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Beijing StarNeto Technology 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 ¥21.18 and ¥22.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -18.61%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Beijing StarNeto Technology Co Ltd stock
Beijing StarNeto Technology Co Ltd finds support from accumulated volume at ¥20.86 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 ¥0.85 between high and low, or 4.12%. For the last week, the stock has had daily average volatility of 7.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002829.SZ) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Beijing StarNeto Technology Co Ltd to open at ¥21.09, and during the day (based on 14 day Average True Range), to move between ¥19.27 and ¥22.99, which gives a possible trading interval of +/-¥1.86 (+/-8.78%) up or down from last closing price. If Beijing StarNeto Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 17.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥20.86 (1.28%) than the resistance at ¥24.34 (15.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beijing StarNeto Technology Co Ltd stock A Buy?
The Beijing StarNeto Technology Co Ltd stock holds several negative signals and despite the positive trend, we believe Beijing StarNeto Technology Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.674 Sell Candidate Unchanged
Predicted Opening Price for Beijing StarNeto Technology Co Ltd of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ¥21.09 ( 0.174%) | ¥21.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002829.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.94 | 3.85 % | |
| R2 | 21.62 | 2.31 % | ||
| R1 | 21.42 | 1.36 % | ||
| Current price: | 21.13 | |||
| Support | S1 | 20.77 | -1.71 % | |
| S2 | 20.57 | -2.66 % | ||
| S3 | 20.24 | -4.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.96 | 22.86 % | |
| R2 | 24.50 | 15.95 % | ||
| R1 | 24.34 | 15.19 % | ||
| Current price | 21.13 | |||
| Support | S1 | 20.86 | -1.28% | |
| S2 | 20.68 | -2.13% | ||
| S3 | 17.78 | -15.85% |
002829 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | ¥0.360 | 0.97% |
| 2 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | ¥0.150 | 0.607% |
| 3 | May 27, 2021 | May 27, 2021 | May 27, 2021 | ¥0.100 | 0.396% |
| 4 | Jun 20, 2018 | Jun 20, 2018 | Jun 20, 2018 | ¥0.0200 | 0.0804% |
| 5 | Apr 13, 2017 | Apr 13, 2017 | Apr 13, 2017 | ¥0.100 | 0.282% |
FAQ
Click here for our free guide on how to buy Beijing StarNeto Technology Co Ltd Stock.
