HiVi Acoustics Technology Co Ltd Stock Forecast
HiVi Acoustics Technology Co Ltd stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 18, 2024)
The HiVi Acoustics Technology Co Ltd stock price gained 0.380% on the last trading day (Tuesday, 18th Jun 2024), rising from ¥13.16 to ¥13.21. During the last trading day the stock fluctuated 4.94% from a day low at ¥12.96 to a day high of ¥13.60. The price has fallen in 6 of the last 10 days but is still up by 7.84% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 10 million shares were bought and sold for approximately ¥126.22 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥13.77 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -26.28% during the next 3 months and, with a 90% probability hold a price between ¥7.63 and ¥10.15 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002888.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 20.75%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The HiVi Acoustics 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 ¥13.26. On a fall, the stock will find some support from the short-term average at ¥12.62. 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 HiVi Acoustics Technology Co Ltd stock
HiVi Acoustics Technology Co Ltd finds support from accumulated volume at ¥13.16 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 ¥0.640 between high and low, or 4.94%. For the last week, the stock has had daily average volatility of 15.92%.
Our recommended stop-loss: ¥12.50 (-5.36%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (002888.SZ) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect HiVi Acoustics Technology Co Ltd to open at ¥13.26, and during the day (based on 14 day Average True Range), to move between ¥11.80 and ¥14.62, which gives a possible trading interval of +/-¥1.41 (+/-10.70%) up or down from last closing price. If HiVi Acoustics Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 21.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥13.16 (0.38%) than the resistance at ¥13.32 (0.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HiVi Acoustics Technology Co Ltd stock A Buy?
HiVi Acoustics Technology Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.313 Hold/Accumulate Upgraded
Predicted Opening Price for HiVi Acoustics Technology Co Ltd of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| ¥13.26 ( 0.353%) | ¥13.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002888.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.90 | 5.20% |
| R2 | 13.65 | 3.35% |
| R1 | 13.50 | 2.20% |
| Price | 13.21 | |
| S1 | 13.01 | -1.50% |
| S2 | 12.86 | -2.64% |
| S3 | 12.62 | -4.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.46 | 17.03% |
| R2 | 13.80 | 4.47% |
| R1 | 13.32 | 0.83% |
| Price | 13.21 | |
| S1 | 13.16 | -0.379% |
| S2 | 13.09 | -0.91% |
| S3 | 12.81 | -3.03% |
002888 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2024 | Jun 12, 2024 | Jun 12, 2024 | ¥0.0680 | 0.550% |
| 2 | Jun 03, 2021 | Jun 03, 2021 | Jun 03, 2021 | ¥0.0667 | 0.566% |
| 3 | May 20, 2020 | May 20, 2020 | May 20, 2020 | ¥0.167 | 1.00% |
| 4 | May 17, 2019 | May 17, 2019 | May 17, 2019 | ¥0.333 | 2.28% |
| 5 | May 11, 2018 | May 11, 2018 | May 11, 2018 | ¥0.111 | 0.503% |
FAQ
Click here for our free guide on how to buy HiVi Acoustics Technology Co Ltd Stock.
