Jiangsu Transimage Technology Co., Ltd. Stock Forecast
Jiangsu Transimage Technology Co., Ltd. stock price up 2.06% on Friday
(Updated on Jun 28, 2024)
The Jiangsu Transimage Technology Co., Ltd. stock price gained 2.06% on the last trading day (Friday, 28th Jun 2024), rising from ¥12.61 to ¥12.87. During the last trading day the stock fluctuated 5.58% from a day low at ¥12.55 to a day high of ¥13.25. The price has fallen in 6 of the last 10 days and is down by -6.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately ¥67.02 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 -13.84% during the next 3 months and, with a 90% probability hold a price between ¥8.99 and ¥11.99 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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002866.SZ Signals & Forecast
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 Jiangsu Transimage Technology Co., Ltd. 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 ¥13.89. On a fall, the stock will find some support from the short-term average at ¥12.76. 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. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -15.50%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Jiangsu Transimage Technology Co., Ltd. stock
Jiangsu Transimage Technology Co., Ltd. finds support from accumulated volume at ¥12.42 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 ¥0.700 between high and low, or 5.58%. For the last week, the stock has had daily average volatility of 6.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002866.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jiangsu Transimage Technology Co., Ltd. to open at ¥12.89, and during the day (based on 14 day Average True Range), to move between ¥12.05 and ¥13.69, which gives a possible trading interval of +/-¥0.82 (+/-6.37%) up or down from last closing price. If Jiangsu Transimage Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 12.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥12.95 (0.62%) than the support at ¥12.42 (3.50%), 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 Jiangsu Transimage Technology Co., Ltd. stock A Buy?
Jiangsu Transimage Technology Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.734 Sell Candidate Unchanged
Predicted Opening Price for Jiangsu Transimage Technology Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥12.89 ( 0.155%) | ¥12.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002866.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.59 | 5.59% |
| R2 | 13.32 | 3.52% |
| R1 | 13.16 | 2.23% |
| Price | 12.87 | |
| S1 | 12.62 | -1.92% |
| S2 | 12.46 | -3.21% |
| S3 | 12.19 | -5.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.74 | 22.30% |
| R2 | 15.10 | 17.33% |
| R1 | 12.95 | 0.622% |
| Price | 12.87 | |
| S1 | 12.42 | -3.50% |
| S2 | 12.28 | -4.58% |
| S3 | 12.12 | -5.83% |
002866 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 16, 2024 | ¥0.0150 | 0.104% |
| 2 | May 16, 2023 | May 16, 2023 | May 16, 2023 | ¥0.0400 | 0.130% |
| 3 | May 16, 2022 | May 16, 2022 | May 16, 2022 | ¥0.0600 | 0.612% |
| 4 | Jun 01, 2021 | Jun 01, 2021 | Jun 01, 2021 | ¥0.100 | 0.746% |
| 5 | Jun 01, 2020 | Jun 01, 2020 | Jun 01, 2020 | ¥0.0900 | 0.641% |
FAQ
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