SMS Electric Co.,Ltd.Zhengzhou Stock Forecast
Big movements in SMS Electric Co.,Ltd.Zhengzhou stock price on Wednesday moving 12.43% between high and low
(Updated on Jun 26, 2024)
The SMS Electric Co.,Ltd.Zhengzhou stock price gained 10.04% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥10.36 to ¥11.40. During the last trading day the stock fluctuated 12.43% from a day low at ¥10.14 to a day high of ¥11.40. The price has risen in 6 of the last 10 days and is up by 11.66% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately ¥53.43 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 -6.71% during the next 3 months and, with a 90% probability hold a price between ¥8.51 and ¥11.97 at the end of this 3-month period.
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002857.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 11.22%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SMS Electric Co.,Ltd.Zhengzhou stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥11.58. On a fall, the stock will find some support from the short-term average at ¥11.12. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for SMS Electric Co.,Ltd.Zhengzhou stock
SMS Electric Co.,Ltd.Zhengzhou finds support from accumulated volume at ¥11.05 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 ¥1.26 between high and low, or 12.43%. For the last week, the stock has had daily average volatility of 7.58%.
Our recommended stop-loss: ¥10.95 (-3.92%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (002857.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect SMS Electric Co.,Ltd.Zhengzhou to open at ¥10.98, and during the day (based on 14 day Average True Range), to move between ¥10.40 and ¥12.40, which gives a possible trading interval of +/-¥1.00 (+/-8.80%) up or down from last closing price. If SMS Electric Co.,Ltd.Zhengzhou takes out the full calculated possible swing range there will be an estimated 17.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥11.05 (3.07%) than the resistance at ¥12.15 (6.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SMS Electric Co.,Ltd.Zhengzhou 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 Strong Sell to a Buy candidate.
Current score: 1.066 Buy Candidate Upgraded
Predicted Opening Price for SMS Electric Co.,Ltd.Zhengzhou of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
¥10.98 ( 3.68%) | ¥11.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002857.SZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 12.24 | 7.37% |
R2 | 11.76 | 3.15% |
R1 | 11.46 | 0.538% |
Price | 11.40 | |
S1 | 10.50 | -7.91% |
S2 | 10.20 | -10.51% |
S3 | 9.72 | -14.74% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 13.28 | 16.49% |
R2 | 12.18 | 6.84% |
R1 | 12.15 | 6.58% |
Price | 11.40 | |
S1 | 11.05 | -3.07% |
S2 | 11.00 | -3.51% |
S3 | 10.88 | -4.56% |
002857 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 20, 2024 | Jun 20, 2024 | Jun 20, 2024 | ¥0.0360 | 0.327% |
2 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | ¥0.100 | 0.82% |
3 | Jun 20, 2019 | Jun 20, 2019 | Jun 20, 2019 | ¥0.0400 | 0.293% |
4 | May 31, 2018 | May 31, 2018 | May 31, 2018 | ¥0.0375 | 0.277% |
5 | May 22, 2017 | May 22, 2017 | May 22, 2017 | ¥0.125 | 0.534% |
FAQ
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