Beijing StarNeto Technology Co Ltd Stock Forecast
Volatile ride for Beijing StarNeto Technology Co Ltd stock price on Friday moving between ¥15.26 and ¥21.00
(Updated on May 17, 2024)
The Beijing StarNeto Technology Co Ltd stock price gained 5.86% on the last trading day (Friday, 17th May 2024), rising from ¥15.35 to ¥16.25. During the last trading day the stock fluctuated 37.61% from a day low at ¥15.26 to a day high of ¥21.00. The price has fallen in 6 of the last 10 days and is down by -23.53% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 464 thousand more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately ¥284.22 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥15.36 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.06% during the next 3 months and, with a 90% probability hold a price between ¥15.67 and ¥26.82 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
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 5.93%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 ¥17.36 and ¥20.91. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Beijing StarNeto Technology Co Ltd stock
Beijing StarNeto Technology Co Ltd finds support from accumulated volume at ¥15.98 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 ¥5.74 between high and low, or 37.61%. For the last week, the stock has had daily average volatility of 34.42%.
Beijing StarNeto Technology Co Ltd is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 Monday 20th
For the upcoming trading day on Monday, 20th we expect Beijing StarNeto Technology Co Ltd to open at ¥17.50, and during the day (based on 14 day Average True Range), to move between ¥13.30 and ¥19.20, which gives a possible trading interval of +/-¥2.95 (+/-18.15%) 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 36.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥15.98 (1.66%) than the resistance at ¥17.78 (9.42%), 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
Beijing StarNeto Technology Co Ltd will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Beijing StarNeto Technology Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.17% in the first trading day after earnings release.
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: -1.447 Sell Candidate Unchanged
Predicted Opening Price for Beijing StarNeto Technology Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥17.50 ( 7.71%) | ¥16.25 |
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 | 23.24 | 43.04 % | |
| R2 | 21.05 | 29.54 % | ||
| R1 | 19.70 | 21.21 % | ||
| Current price: | 16.25 | |||
| Support | S1 | 15.31 | -5.78 % | |
| S2 | 13.96 | -14.12 % | ||
| S3 | 11.76 | -27.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.21 | 24.37 % | |
| R2 | 19.73 | 21.42 % | ||
| R1 | 17.78 | 9.42 % | ||
| Current price | 16.25 | |||
| Support | S1 | 15.98 | -1.66% | |
| S2 | 15.35 | -5.54% | ||
| S3 | 15.34 | -5.60% |
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.
