Gospell Digital Technology Co Ltd Stock Forecast
High volatility in Gospell Digital Technology Co Ltd stock price on Thursday which ended trading at ¥7.24
(Updated on Apr 18, 2024)
The Gospell Digital Technology Co Ltd stock price fell by -0.82% on the last day (Thursday, 18th Apr 2024) from ¥7.30 to ¥7.24. During the last trading day the stock fluctuated 20.63% from a day low at ¥7.03 to a day high of ¥8.48. The price has fallen in 8 of the last 10 days and is down by -25.05% for this period. 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 -2 million shares and in total, 10 million shares were bought and sold for approximately ¥74.95 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 2.65% during the next 3 months and, with a 90% probability hold a price between ¥6.15 and ¥10.86 at the end of this 3-month period.
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002848.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Gospell Digital 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 ¥7.85 and ¥8.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -30.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Gospell Digital Technology Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥6.80 and ¥6.36. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Gospell Digital Technology Co Ltd finds support just below today's level at ¥6.80. If this is broken, then the next support from accumulated volume will be at ¥6.36 and ¥5.78.
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 ¥1.45 between high and low, or 20.63%. For the last week, the stock has had daily average volatility of 19.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002848.SZ) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Gospell Digital Technology Co Ltd to open at ¥7.58, and during the day (based on 14 day Average True Range), to move between ¥6.29 and ¥8.19, which gives a possible trading interval of +/-¥0.95 (+/-13.18%) up or down from last closing price. If Gospell Digital Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 26.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.80 (6.08%) than the resistance at ¥8.32 (14.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gospell Digital Technology Co Ltd stock A Buy?
The Gospell Digital Technology Co Ltd stock holds several negative signals and despite the positive trend, we believe Gospell Digital 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: -4.657 Sell Candidate Unchanged
Predicted Opening Price for Gospell Digital Technology Co Ltd of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| ¥7.58 ( 4.74%) | ¥7.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002848.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.03 | 24.77 % | |
| R2 | 8.48 | 17.12 % | ||
| R1 | 8.14 | 12.39 % | ||
| Current price: | 7.24 | |||
| Support | S1 | 7.03 | -2.91 % | |
| S2 | 6.69 | -7.63 % | ||
| S3 | 6.13 | -15.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.92 | 23.20 % | |
| R2 | 8.71 | 20.30 % | ||
| R1 | 8.32 | 14.92 % | ||
| Current price | 7.24 | |||
| Support | S1 | 6.80 | -6.08% | |
| S2 | 6.36 | -12.15% | ||
| S3 | 5.78 | -20.17% |
002848 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 07, 2017 | Jul 07, 2017 | Jul 07, 2017 | ¥0.0600 | 0.213% |
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