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AI Analysis of 002889.SZ
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Volatile ride for Shenzhen Easttop Supply Chain stock price on Tuesday moving between ¥17.01 and ¥18.89
(Updated on Jun 25, 2024)

Sell candidate since Jun 24, 2024 Loss -10.00% PDF

The Shenzhen Easttop Supply Chain stock price fell by -10.00% on the last day (Tuesday, 25th Jun 2024) from ¥18.90 to ¥17.01. During the last trading day the stock fluctuated 11.05% from a day low at ¥17.01 to a day high of ¥18.89. The price has risen in 6 of the last 10 days and is up by 8.41% over the past 2 weeks. 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 -4 million shares and in total, 22 million shares were bought and sold for approximately ¥368.66 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 -21.55% during the next 3 months and, with a 90% probability hold a price between ¥11.20 and ¥16.56 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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002889.SZ Signals & Forecast

There are mixed signals in the stock today. The Shenzhen Easttop Supply Chain 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 ¥18.81 and ¥19.46. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 10.53%. 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).

Support, Risk & Stop-loss for Shenzhen Easttop Supply Chain stock

Shenzhen Easttop Supply Chain finds support from accumulated volume at ¥16.80 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 ¥1.88 between high and low, or 11.05%. For the last week, the stock has had daily average volatility of 12.75%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (002889.SZ) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Shenzhen Easttop Supply Chain to open at ¥17.64, and during the day (based on 14 day Average True Range), to move between ¥14.75 and ¥19.27, which gives a possible trading interval of +/-¥2.26 (+/-13.26%) up or down from last closing price. If Shenzhen Easttop Supply Chain takes out the full calculated possible swing range there will be an estimated 26.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥16.80 (1.23%) than the resistance at ¥17.97 (5.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Shenzhen Easttop Supply Chain stock A Buy?

Shenzhen Easttop Supply Chain 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: -3.838 Sell Candidate Unchanged

Predicted Opening Price for Shenzhen Easttop Supply Chain of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
¥17.64 ( 3.68%) ¥17.01

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 002889.SZ

Fibonacci Support & Resistance Levels

Level Price
R3 19.52 14.74%
R2 18.80 10.51%
R1 18.35 7.91%
Price 17.01
S1 16.92 -0.538%
S2 16.47 -3.15%
S3 15.76 -7.37%

Accumulated Volume Support & Resistance Levels

Level Price
R3 20.44 20.16%
R2 19.59 15.17%
R1 17.97 5.64%
Price 17.01
S1 16.80 -1.23%
S2 16.68 -1.94%
S3 16.54 -2.76%

002889 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 29, 2024 May 29, 2024 May 29, 2024 ¥0.0850 0.514%
2 Jun 07, 2023 Jun 07, 2023 Jun 07, 2023 ¥0.115 0.87%
3 Jun 17, 2022 Jun 17, 2022 Jun 17, 2022 ¥0.171 1.45%
4 Jun 10, 2021 Jun 10, 2021 Jun 10, 2021 ¥0.143 1.05%
5 Jun 15, 2020 Jun 15, 2020 Jun 15, 2020 ¥0.219 1.85%

FAQ

What is the symbol for Shenzhen Easttop Supply Chain Stock and on which exchange is it traded?
The symbol for Shenzhen Easttop Supply Chain is 002889.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Shenzhen Easttop Supply Chain Stock?
Shenzhen Easttop Supply Chain 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.

How to buy Shenzhen Easttop Supply Chain Stock?
Shenzhen Easttop Supply Chain Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Shenzhen Easttop Supply Chain Stock.

What's the current price of Shenzhen Easttop Supply Chain Stock?
As of the end of day on the Jun 25, 2024, the price of an Shenzhen Easttop Supply Chain (002889.SZ) share was ¥17.01.

What is the 52-week high and low for Shenzhen Easttop Supply Chain Stock?
The 52-week high for Shenzhen Easttop Supply Chain Stock is ¥39.65 and the 52-week low is ¥13.92.

What is the market capitalization of Shenzhen Easttop Supply Chain Stock?
As of the Jun 25, 2024, the market capitalization of Shenzhen Easttop Supply Chain is 4.572B.

When is the next earnings date for Shenzhen Easttop Supply Chain?
The upcoming earnings date for Shenzhen Easttop Supply Chain is May 16, 2025.
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About Shenzhen Easttop Supply Chain

Shenzhen Easttop Supply Chain Management Co., Ltd. provides integrated supply chain services. It offers import and export agent, declaration, customs affairs consulting, bonded transport, domestic delivery, and warehousing services; and multimodal transport services comprising sea, air, road, and rail transport. The company was founded in 2001 and is headquartered in Shenzhen, China.... 002889.SZ Profile

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