Guilin Seamild Foods Co Ltd Stock Forecast
Stronger technical forecast for Guilin Seamild Foods Co Ltd stock price after Friday trading.
(Updated on Jun 28, 2024)
The Guilin Seamild Foods Co Ltd stock price fell by -0.145% on the last day (Friday, 28th Jun 2024) from ¥13.76 to ¥13.74. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.28% from a day low at ¥13.62 to a day high of ¥13.93. The price has fallen in 7 of the last 10 days and is down by -3.58% 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 -305 thousand shares and in total, 923 thousand shares were bought and sold for approximately ¥12.68 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 ¥13.66 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 ¥15.04 and ¥18.06 at the end of this 3-month period.
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002956.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.40%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Guilin Seamild Foods 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 ¥13.75 and ¥14.46. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Guilin Seamild Foods Co Ltd stock
Guilin Seamild Foods Co Ltd finds support from accumulated volume at ¥13.69 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 2.28%. For the last week, the stock has had daily average volatility of 2.91%.
Our recommended stop-loss: ¥12.88 (-6.29%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (002956.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Guilin Seamild Foods Co Ltd to open at ¥13.76, and during the day (based on 14 day Average True Range), to move between ¥13.06 and ¥14.42, which gives a possible trading interval of +/-¥0.677 (+/-4.93%) up or down from last closing price. If Guilin Seamild Foods Co Ltd takes out the full calculated possible swing range there will be an estimated 9.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥13.69 (0.36%) than the resistance at ¥13.94 (1.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guilin Seamild Foods Co Ltd stock A Buy?
Guilin Seamild Foods Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.982 Hold/Accumulate Upgraded
Predicted Opening Price for Guilin Seamild Foods Co Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥13.76 ( 0.170%) | ¥13.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002956.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.07 | 2.43% |
| R2 | 13.95 | 1.56% |
| R1 | 13.88 | 1.03% |
| Price | 13.74 | |
| S1 | 13.64 | -0.692% |
| S2 | 13.57 | -1.22% |
| S3 | 13.45 | -2.09% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.89 | 15.65% |
| R2 | 14.16 | 3.06% |
| R1 | 13.94 | 1.46% |
| Price | 13.74 | |
| S1 | 13.69 | -0.364% |
| S2 | 13.33 | -2.98% |
| S3 | 13.32 | -3.06% |
002956 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | ¥0.269 | 1.78% |
| 2 | Jul 04, 2022 | Jul 04, 2022 | Jul 04, 2022 | ¥0.268 | 1.74% |
| 3 | Jul 16, 2021 | Jul 16, 2021 | Jul 16, 2021 | ¥0.268 | 1.25% |
| 4 | Jul 03, 2020 | Jul 03, 2020 | Jul 03, 2020 | ¥1.14 | 3.09% |
FAQ
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