Hangzhou Star Shuaier Electric Appliance Stock Forecast
Red day on Friday for Hangzhou Star Shuaier Electric Appliance
(Updated on May 17, 2024)
The Hangzhou Star Shuaier Electric Appliance stock price fell by -0.0999% on the last day (Friday, 17th May 2024) from ¥10.01 to ¥10.00. During the last trading day the stock fluctuated 3.64% from a day low at ¥9.89 to a day high of ¥10.25. The price has been going up and down for this period, and there has been a -0.3% loss for the last 2 weeks. Volume has increased on the last day by 168 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately ¥34.38 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Hangzhou Star Shuaier Electric Appliance stock with a 90% probability to be traded between ¥8.79 and ¥10.81 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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002860.SZ Signals & Forecast
The Hangzhou Star Shuaier Electric Appliance stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥10.07. On a fall, the stock will find some support from the long-term average at approximately ¥9.87. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, May 09, 2024, and so far it has fallen -2.25%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Hangzhou Star Shuaier Electric Appliance stock
Hangzhou Star Shuaier Electric Appliance finds support from accumulated volume at ¥9.79 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 ¥0.360 between high and low, or 3.64%. For the last week, the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: ¥9.67 (-3.29%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (002860.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Hangzhou Star Shuaier Electric Appliance to open at ¥10.05, and during the day (based on 14 day Average True Range), to move between ¥9.58 and ¥10.42, which gives a possible trading interval of +/-¥0.419 (+/-4.19%) up or down from last closing price. If Hangzhou Star Shuaier Electric Appliance takes out the full calculated possible swing range there will be an estimated 8.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥10.10 (1.00%) than the support at ¥9.79 (2.10%), 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 Hangzhou Star Shuaier Electric Appliance stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Hangzhou Star Shuaier Electric Appliance stock to perform well in the short-term period.
Current score: 3.159 Buy Candidate Unchanged
Predicted Opening Price for Hangzhou Star Shuaier Electric Appliance of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥10.05 ( 0.467%) | ¥10.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002860.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.41 | 4.07 % | |
| R2 | 10.27 | 2.69 % | ||
| R1 | 10.18 | 1.84 % | ||
| Current price: | 10.00 | |||
| Support | S1 | 9.91 | -0.91 % | |
| S2 | 9.82 | -1.76 % | ||
| S3 | 9.69 | -3.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.42 | 4.20 % | |
| R2 | 10.19 | 1.90 % | ||
| R1 | 10.10 | 1.00 % | ||
| Current price | 10.00 | |||
| Support | S1 | 9.79 | -2.10% | |
| S2 | 9.76 | -2.40% | ||
| S3 | 9.43 | -5.70% |
002860 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2023 | May 29, 2023 | May 29, 2023 | ¥0.100 | 0.751% |
| 2 | Jun 21, 2022 | Jun 21, 2022 | Jun 21, 2022 | ¥0.150 | 1.24% |
| 3 | Jun 08, 2021 | Jun 08, 2021 | Jun 08, 2021 | ¥0.107 | 0.87% |
| 4 | May 07, 2020 | May 07, 2020 | May 07, 2020 | ¥0.150 | 1.40% |
| 5 | Jun 20, 2019 | Jun 20, 2019 | Jun 20, 2019 | ¥0.0630 | 0.767% |
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