Guangdong Great River Smart Logistics Co Stock Forecast
Guangdong Great River Smart Logistics Co stock price ended at ¥14.59 on Friday, after losing 0.613%.
(Updated on May 24, 2024)
The Guangdong Great River Smart Logistics Co stock price fell by -0.613% on the last day (Friday, 24th May 2024) from ¥14.68 to ¥14.59. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.99% from a day low at ¥14.56 to a day high of ¥14.85. The price has fallen in 7 of the last 10 days and is down by -5.2% for this period. 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 -372 thousand shares and in total, 1 million shares were bought and sold for approximately ¥17.93 million.
The stock lies in the middle of a 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 -11.33% during the next 3 months and, with a 90% probability hold a price between ¥11.83 and ¥13.82 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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002930.SZ Signals & Forecast
There are mixed signals in the stock today. The Guangdong Great River Smart Logistics Co 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 ¥14.89 and ¥14.95. 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 Friday, April 19, 2024, and so far it has risen 3.62%. 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 Guangdong Great River Smart Logistics Co stock
Guangdong Great River Smart Logistics Co finds support from accumulated volume at ¥14.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.290 (1.99%) between high and low. For the last week, the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: ¥13.99 (-4.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 58 days ago.)
Trading Expectations (002930.SZ) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Guangdong Great River Smart Logistics Co to open at ¥14.67, and during the day (based on 14 day Average True Range), to move between ¥13.96 and ¥15.22, which gives a possible trading interval of +/-¥0.630 (+/-4.32%) up or down from last closing price. If Guangdong Great River Smart Logistics Co takes out the full calculated possible swing range there will be an estimated 8.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥14.40 (1.30%) than the resistance at ¥14.92 (2.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangdong Great River Smart Logistics Co stock A Buy?
Guangdong Great River Smart Logistics Co 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.
Current score: -0.896 Hold/Accumulate Unchanged
Predicted Opening Price for Guangdong Great River Smart Logistics Co of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ¥14.67 ( 0.525%) | ¥14.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002930.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.96 | 2.51 % | |
| R2 | 14.85 | 1.75 % | ||
| R1 | 14.78 | 1.28 % | ||
| Current price: | 14.59 | |||
| Support | S1 | 14.56 | -0.234 % | |
| S2 | 14.49 | -0.703 % | ||
| S3 | 14.38 | -1.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.00 | 9.66 % | |
| R2 | 15.38 | 5.41 % | ||
| R1 | 14.92 | 2.26 % | ||
| Current price | 14.59 | |||
| Support | S1 | 14.40 | -1.30% | |
| S2 | 14.37 | -1.51% | ||
| S3 | 14.22 | -2.54% |
002930 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | ¥0.300 | 1.42% |
| 2 | Jun 27, 2022 | Jun 27, 2022 | Jun 27, 2022 | ¥0.300 | 1.47% |
| 3 | Jul 07, 2021 | Jul 07, 2021 | Jul 07, 2021 | ¥0.300 | 1.81% |
| 4 | Apr 30, 2020 | Apr 30, 2020 | Apr 30, 2020 | ¥0.231 | 2.00% |
| 5 | May 23, 2019 | May 23, 2019 | May 23, 2019 | ¥0.165 | 1.35% |
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