ChinaLin Securities Co Ltd Stock Forecast
ChinaLin Securities Co Ltd stock price down 0% on Monday
(Updated on May 20, 2024)
No changes to the price of ChinaLin Securities Co Ltd stock on the last trading day (Monday, 20th May 2024). During the last trading day the stock fluctuated 2.73% from a day low at ¥11.36 to a day high of ¥11.67. The price has risen in 5 of the last 10 days but is still down by -1.7% for this period.
The stock lies the upper part of a 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 ¥11.64 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 -12.03% during the next 3 months and, with a 90% probability hold a price between ¥8.83 and ¥10.24 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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002945.SZ Signals & Forecast
The ChinaLin Securities Co Ltd 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 ¥11.58. On a fall, the stock will find some support from the long-term average at approximately ¥11.46. 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 Wednesday, May 08, 2024, and so far it has fallen -2.45%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for ChinaLin Securities Co Ltd stock
ChinaLin Securities Co Ltd finds support from accumulated volume at ¥11.38 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 ¥0.310 between high and low, or 2.73%. For the last week, the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: ¥11.13 (-3.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (002945.SZ) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect ChinaLin Securities Co Ltd to open at ¥11.53, and during the day (based on 14 day Average True Range), to move between ¥11.20 and ¥11.94, which gives a possible trading interval of +/-¥0.365 (+/-3.15%) up or down from last closing price. If ChinaLin Securities Co Ltd takes out the full calculated possible swing range there will be an estimated 6.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥11.63 (0.52%) than the support at ¥11.38 (1.64%), 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 ChinaLin Securities Co Ltd stock A Buy?
ChinaLin Securities 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.
Current score: -0.614 Hold/Accumulate Unchanged
Predicted Opening Price for ChinaLin Securities Co Ltd of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ¥11.53 ( 0.317%) | ¥11.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002945.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.84 | 2.36 % | |
| R2 | 11.72 | 1.34 % | ||
| R1 | 11.65 | 0.707 % | ||
| Current price: | 11.57 | |||
| Support | S1 | 11.41 | -1.34 % | |
| S2 | 11.34 | -1.97 % | ||
| S3 | 11.22 | -3.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.55 | 8.47 % | |
| R2 | 12.05 | 4.15 % | ||
| R1 | 11.63 | 0.519 % | ||
| Current price | 11.57 | |||
| Support | S1 | 11.38 | -1.64% | |
| S2 | 11.26 | -2.68% | ||
| S3 | 10.99 | -5.01% |
002945 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 11, 2023 | May 11, 2023 | May 11, 2023 | ¥0.0520 | 0.381% |
| 2 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | ¥0.0540 | 0.372% |
| 3 | May 10, 2021 | May 10, 2021 | May 10, 2021 | ¥0.0910 | 0.80% |
| 4 | Jul 03, 2020 | Jul 03, 2020 | Jul 03, 2020 | ¥0.0500 | 0.319% |
| 5 | Jun 12, 2019 | Jun 12, 2019 | Jun 12, 2019 | ¥0.0390 | 0.247% |
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