Sichuan Jinshi Technology Co Ltd Stock Forecast
Red day on Wednesday for Sichuan Jinshi Technology Co Ltd
(Updated on May 15, 2024)
The Sichuan Jinshi Technology Co Ltd stock price fell by -1.02% on the last day (Wednesday, 15th May 2024) from ¥5.89 to ¥5.83. During the last trading day the stock fluctuated 4.00% from a day low at ¥5.75 to a day high of ¥5.98. The price has been going up and down for this period, and there has been a -4.43% loss for the last 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 -834 thousand shares and in total, 852 thousand shares were bought and sold for approximately ¥4.96 million.
The stock lies in the lower part of a very 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 ¥5.70 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 10.14% during the next 3 months and, with a 90% probability hold a price between ¥6.28 and ¥8.67 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002951.SZ Signals & Forecast
There are mixed signals in the stock today. The Sichuan Jinshi Technology Co Ltd 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 ¥5.92 and ¥6.33. 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 Monday, April 22, 2024, and so far it has risen 5.42%. 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 Sichuan Jinshi Technology Co Ltd stock
Sichuan Jinshi Technology Co Ltd finds support from accumulated volume at ¥5.82 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 ¥0.230 between high and low, or 4.00%. For the last week, the stock has had daily average volatility of 7.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002951.SZ) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Sichuan Jinshi Technology Co Ltd to open at ¥5.85, and during the day (based on 14 day Average True Range), to move between ¥5.42 and ¥6.24, which gives a possible trading interval of +/-¥0.407 (+/-6.98%) up or down from last closing price. If Sichuan Jinshi Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 13.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.82 (0.17%) than the resistance at ¥6.04 (3.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sichuan Jinshi Technology Co Ltd stock A Buy?
Sichuan Jinshi Technology 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: -1.047 Sell Candidate Unchanged
Predicted Opening Price for Sichuan Jinshi Technology Co Ltd of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| ¥5.85 ( 0.400%) | ¥5.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002951.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.08 | 4.35 % | |
| R2 | 6.00 | 2.84 % | ||
| R1 | 5.94 | 1.91 % | ||
| Current price: | 5.83 | |||
| Support | S1 | 5.77 | -1.11 % | |
| S2 | 5.71 | -2.04 % | ||
| S3 | 5.62 | -3.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.16 | 22.81 % | |
| R2 | 6.28 | 7.72 % | ||
| R1 | 6.04 | 3.60 % | ||
| Current price | 5.83 | |||
| Support | S1 | 5.82 | -0.172% | |
| S2 | 5.53 | -5.15% | ||
| S3 | 5.50 | -5.66% |
002951 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2022 | May 26, 2022 | May 26, 2022 | ¥0.0500 | 0.609% |
| 2 | May 31, 2021 | May 31, 2021 | May 31, 2021 | ¥0.150 | 1.41% |
| 3 | May 22, 2020 | May 22, 2020 | May 22, 2020 | ¥0.250 | 1.82% |
| 4 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | ¥0.400 | 2.07% |
FAQ
Click here for our free guide on how to buy Sichuan Jinshi Technology Co Ltd Stock.
