BK QINGDAO/Shs A Vtg 1.00 Stock Forecast
Green day on Friday for BK QINGDAO/Shs A Vtg 1.00
(Updated on May 24, 2024)
The BK QINGDAO/Shs A Vtg 1.00 stock price gained 0.528% on the last trading day (Friday, 24th May 2024), rising from ¥3.79 to ¥3.81. During the last trading day the stock fluctuated 6.61% from a day low at ¥3.63 to a day high of ¥3.87. The price has risen in 8 of the last 10 days and is up by 9.8% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 36 million shares were bought and sold for approximately ¥138.39 million.
The stock lies in the upper part of a wide and strong rising 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 ¥3.84 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.64% during the next 3 months and, with a 90% probability hold a price between ¥3.89 and ¥4.36 at the end of this 3-month period.
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002948.SZ Signals & Forecast
The BK QINGDAO/Shs A Vtg 1.00 stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥3.74 and ¥3.45. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -0.262%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for BK QINGDAO/Shs A Vtg 1.00 stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥3.47 and ¥3.32. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, BK QINGDAO/Shs A Vtg 1.00 finds support just below today's level at ¥3.47. If this is broken, then the next support from accumulated volume will be at ¥3.32 and ¥3.26.
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 ¥0.240 between high and low, or 6.61%. For the last week, the stock has had daily average volatility of 4.90%.
Our recommended stop-loss: ¥3.68 (-3.42%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (002948.SZ) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect BK QINGDAO/Shs A Vtg 1.00 to open at ¥3.77, and during the day (based on 14 day Average True Range), to move between ¥3.68 and ¥3.94, which gives a possible trading interval of +/-¥0.129 (+/-3.39%) up or down from last closing price. If BK QINGDAO/Shs A Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 6.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥3.82 (0.26%) than the support at ¥3.47 (8.92%), 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 BK QINGDAO/Shs A Vtg 1.00 stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BK QINGDAO/Shs A Vtg 1.00 stock to perform well in the short-term.
Current score: 4.125 Buy Candidate Unchanged
Predicted Opening Price for BK QINGDAO/Shs A Vtg 1.00 of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ¥3.77 ( 1.05%) | ¥3.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002948.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.01 | 5.25 % | |
| R2 | 3.92 | 2.84 % | ||
| R1 | 3.86 | 1.36 % | ||
| Current price: | 3.81 | |||
| Support | S1 | 3.68 | -3.46 % | |
| S2 | 3.62 | -4.94 % | ||
| S3 | 3.53 | -7.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 3.82 | 0.262 % | ||
| Current price | 3.81 | |||
| Support | S1 | 3.47 | -8.92% | |
| S2 | 3.32 | -12.86% | ||
| S3 | 3.26 | -14.44% |
002948 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | ¥0.160 | 5.19% |
| 2 | May 31, 2022 | May 31, 2022 | May 31, 2022 | ¥0.160 | 4.61% |
| 3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.167 | 3.30% |
| 4 | Jul 02, 2020 | Jul 02, 2020 | Jul 02, 2020 | ¥0.185 | 3.67% |
| 5 | Jul 16, 2019 | Jul 16, 2019 | Jul 16, 2019 | ¥0.185 | 2.98% |
FAQ
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