Shenzhen Colibri Technologies Co Ltd Stock Forecast
Shenzhen Colibri Technologies Co Ltd stock price ended at ¥15.08 on Thursday, after gaining 0.80%.
(Updated on May 09, 2024)
The Shenzhen Colibri Technologies Co Ltd stock price gained 0.80% on the last trading day (Thursday, 9th May 2024), rising from ¥14.96 to ¥15.08. During the last trading day the stock fluctuated 1.87% from a day low at ¥14.97 to a day high of ¥15.25. The price has risen in 8 of the last 10 days and is up by 9.67% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 6 million shares were bought and sold for approximately ¥91.65 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.00% during the next 3 months and, with a 90% probability hold a price between ¥14.38 and ¥20.95 at the end of this 3-month period.
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002957.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 18.00%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shenzhen Colibri Technologies 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 ¥15.12 and ¥15.33. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Shenzhen Colibri Technologies Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥14.20 and ¥14.00. 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 Colibri Technologies Co Ltd finds support just below today's level at ¥14.20. If this is broken, then the next support from accumulated volume will be at ¥14.00 and ¥12.78.
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 ¥0.280 between high and low, or 1.87%. For the last week, the stock has had daily average volatility of 3.04%.
Our recommended stop-loss: ¥14.64 (-2.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (002957.SZ) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Shenzhen Colibri Technologies Co Ltd to open at ¥15.10, and during the day (based on 14 day Average True Range), to move between ¥14.08 and ¥16.08, which gives a possible trading interval of +/-¥1.00 (+/-6.66%) up or down from last closing price. If Shenzhen Colibri Technologies Co Ltd takes out the full calculated possible swing range there will be an estimated 13.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥14.20 (5.84%) than the resistance at ¥17.34 (14.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shenzhen Colibri Technologies Co Ltd stock A Buy?
Shenzhen Colibri Technologies 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.
Current score: -0.844 Hold/Accumulate Unchanged
Predicted Opening Price for Shenzhen Colibri Technologies Co Ltd of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ¥15.10 ( 0.133%) | ¥15.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002957.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.38 | 1.99 % | |
| R2 | 15.27 | 1.28 % | ||
| R1 | 15.21 | 0.84 % | ||
| Current price: | 15.08 | |||
| Support | S1 | 14.99 | -0.577 % | |
| S2 | 14.93 | -1.01 % | ||
| S3 | 14.82 | -1.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.54 | 22.94 % | |
| R2 | 17.63 | 16.91 % | ||
| R1 | 17.34 | 14.99 % | ||
| Current price | 15.08 | |||
| Support | S1 | 14.20 | -5.84% | |
| S2 | 14.00 | -7.16% | ||
| S3 | 12.78 | -15.25% |
002957 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | ¥0.240 | 1.27% |
| 2 | Jul 11, 2022 | Jul 11, 2022 | Jul 11, 2022 | ¥0.0340 | 0.227% |
| 3 | Jun 25, 2021 | Jun 25, 2021 | Jun 25, 2021 | ¥0.230 | 0.96% |
| 4 | Jul 13, 2020 | Jul 13, 2020 | Jul 13, 2020 | ¥0.200 | 0.691% |
FAQ
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