Shenzhen TXD Technology Co Ltd Stock Forecast
Shenzhen TXD Technology Co Ltd stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The Shenzhen TXD Technology Co Ltd stock price gained 3.18% on the last trading day (Friday, 17th May 2024), rising from ¥13.52 to ¥13.95. During the last trading day the stock fluctuated 4.87% from a day low at ¥13.35 to a day high of ¥14.00. The price has risen in 6 of the last 10 days but is still down by -1.27% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately ¥122.62 million.
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 -2.33% during the next 3 months and, with a 90% probability hold a price between ¥11.51 and ¥15.16 at the end of this 3-month period.
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002845.SZ Signals & Forecast
The Shenzhen TXD Technology Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥13.62 and ¥13.86. 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). 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -2.31%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Shenzhen TXD Technology Co Ltd stock
Shenzhen TXD Technology Co Ltd finds support from accumulated volume at ¥13.77 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 ¥0.650 between high and low, or 4.87%. For the last week, the stock has had daily average volatility of 4.87%.
Our recommended stop-loss: ¥13.34 (-4.35%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (002845.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Shenzhen TXD Technology Co Ltd to open at ¥13.77, and during the day (based on 14 day Average True Range), to move between ¥13.24 and ¥14.66, which gives a possible trading interval of +/-¥0.714 (+/-5.12%) up or down from last closing price. If Shenzhen TXD Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 10.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥13.96 (0.07%) than the support at ¥13.77 (1.29%), 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.
Is Shenzhen TXD Technology Co Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.116 Buy Candidate Upgraded
Predicted Opening Price for Shenzhen TXD Technology Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥13.77 ( 1.31%) | ¥13.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002845.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.42 | 3.35 % | |
| R2 | 14.17 | 1.57 % | ||
| R1 | 14.01 | 0.466 % | ||
| Current price: | 13.95 | |||
| Support | S1 | 13.52 | -3.09 % | |
| S2 | 13.36 | -4.19 % | ||
| S3 | 13.12 | -5.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.06 | 7.96 % | |
| R2 | 14.28 | 2.37 % | ||
| R1 | 13.96 | 0.0717 % | ||
| Current price | 13.95 | |||
| Support | S1 | 13.77 | -1.29% | |
| S2 | 12.99 | -6.88% | ||
| S3 | 12.41 | -11.04% |
002845 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 20, 2024 | ¥0.0800 | 0.574% |
| 2 | Jul 05, 2022 | Jul 05, 2022 | Jul 05, 2022 | ¥0.160 | 1.23% |
| 3 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | ¥0.0857 | 0.501% |
| 4 | Apr 17, 2020 | Apr 17, 2020 | Apr 17, 2020 | ¥0.0429 | 0.291% |
| 5 | May 29, 2019 | May 29, 2019 | May 29, 2019 | ¥0.0357 | 0.300% |
FAQ
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