Shenzhen Capol Intrntnl & Asscts Co Ltd Stock Forecast
Shenzhen Capol Intrntnl & Asscts Co Ltd stock price ended at ¥11.49 on Friday, after gaining 3.23%.
(Updated on May 17, 2024)
The Shenzhen Capol Intrntnl & Asscts Co Ltd stock price gained 3.23% on the last trading day (Friday, 17th May 2024), rising from ¥11.13 to ¥11.49. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.80% from a day low at ¥11.04 to a day high of ¥11.68. The price has risen in 8 of the last 10 days but is still down by -4.01% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 656 thousand more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately ¥78.44 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥11.08 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.11% during the next 3 months and, with a 90% probability hold a price between ¥12.53 and ¥15.61 at the end of this 3-month period.
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002949.SZ Signals & Forecast
There are mixed signals in the stock today. The Shenzhen Capol Intrntnl & Asscts 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 ¥11.62. On a fall, the stock will find some support from the short-term average at ¥10.97. 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. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -9.60%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell 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.
Support, Risk & Stop-loss for Shenzhen Capol Intrntnl & Asscts Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥10.90 and ¥10.63. 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, Shenzhen Capol Intrntnl & Asscts Co Ltd finds support just below today's level at ¥10.90. If this is broken, then the next support from accumulated volume will be at ¥10.63 and ¥10.54.
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 ¥0.640 between high and low, or 5.80%. For the last week, the stock has had daily average volatility of 4.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002949.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Shenzhen Capol Intrntnl & Asscts Co Ltd to open at ¥11.40, and during the day (based on 14 day Average True Range), to move between ¥10.77 and ¥12.21, which gives a possible trading interval of +/-¥0.723 (+/-6.29%) up or down from last closing price. If Shenzhen Capol Intrntnl & Asscts Co Ltd takes out the full calculated possible swing range there will be an estimated 12.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥11.99 (4.35%) than the support at ¥10.90 (5.13%), 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 Shenzhen Capol Intrntnl & Asscts Co Ltd stock A Buy?
Shenzhen Capol Intrntnl & Asscts Co Ltd 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: -1.480 Sell Candidate Unchanged
Predicted Opening Price for Shenzhen Capol Intrntnl & Asscts Co Ltd of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
¥11.40 ( 0.754%) | ¥11.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002949.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.04 | 4.82 % | |
R2 | 11.80 | 2.69 % | ||
R1 | 11.65 | 1.37 % | ||
Current price: | 11.49 | |||
Support | S1 | 11.16 | -2.88 % | |
S2 | 11.01 | -4.20 % | ||
S3 | 10.76 | -6.32 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.07 | 13.75 % | |
R2 | 12.44 | 8.27 % | ||
R1 | 11.99 | 4.35 % | ||
Current price | 11.49 | |||
Support | S1 | 10.90 | -5.13% | |
S2 | 10.63 | -7.48% | ||
S3 | 10.54 | -8.27% |
002949 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 08, 2024 | May 08, 2024 | May 08, 2024 | ¥0.80 | 7.34% |
2 | May 23, 2023 | May 23, 2023 | May 23, 2023 | ¥0.300 | 2.11% |
3 | May 20, 2022 | May 20, 2022 | May 20, 2022 | ¥0.300 | 2.19% |
4 | May 25, 2021 | May 25, 2021 | May 25, 2021 | ¥0.400 | 2.22% |
5 | Jun 03, 2020 | Jun 03, 2020 | Jun 03, 2020 | ¥0.200 | 1.11% |
FAQ
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