CSG/Shs B Vtg 1.00 Stock Forecast
CSG/Shs B Vtg 1.00 stock price ended at ¥2.58 on Thursday, after losing 0.386%.
(Updated on Jun 27, 2024)
The CSG/Shs B Vtg 1.00 stock price fell by -0.386% on the last day (Thursday, 27th Jun 2024) from ¥2.59 to ¥2.58. During the last trading day the stock fluctuated 1.96% from a day low at ¥2.55 to a day high of ¥2.60. The price has fallen in 5 of the last 10 days and is down by -1.53% 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 -133 thousand shares and in total, 959 thousand shares were bought and sold for approximately ¥2.47 million.
The stock lies in the middle of a wide and strong 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 17.25% during the next 3 months and, with a 90% probability hold a price between ¥2.84 and ¥3.25 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.
200012.SZ Signals & Forecast
The CSG/Shs B 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 ¥2.57 and ¥2.54. A breakdown below any of these levels will issue sell signals. 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 Friday, May 31, 2024, and so far it has fallen -2.64%. 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 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 CSG/Shs B Vtg 1.00 stock
CSG/Shs B Vtg 1.00 finds support from accumulated volume at ¥2.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.0500 between high and low, or 1.96%. For the last week the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: ¥2.45 (-5.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (200012.SZ) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect CSG/Shs B Vtg 1.00 to open at ¥2.58, and during the day (based on 14 day Average True Range), to move between ¥2.52 and ¥2.64, which gives a possible trading interval of +/-¥0.0557 (+/-2.16%) up or down from last closing price. If CSG/Shs B Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 4.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥2.59 (0.39%) than the support at ¥2.56 (0.78%), 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 CSG/Shs B 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 CSG/Shs B Vtg 1.00 stock to perform well in the short-term.
Current score: 2.777 Buy Candidate Unchanged
Predicted Opening Price for CSG/Shs B Vtg 1.00 of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ¥2.58 ( 0.129%) | ¥2.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 200012.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.63 | 1.81% |
| R2 | 2.61 | 1.07% |
| R1 | 2.60 | 0.611% |
| Price | 2.58 | |
| S1 | 2.56 | -0.87% |
| S2 | 2.55 | -1.33% |
| S3 | 2.53 | -2.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.65 | 2.71% |
| R2 | 2.62 | 1.55% |
| R1 | 2.59 | 0.388% |
| Price | 2.58 | |
| S1 | 2.56 | -0.775% |
| S2 | 2.53 | -1.94% |
| S3 | 2.31 | -10.47% |
200012 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 14, 2023 | Jul 14, 2023 | Jul 14, 2023 | ¥0.163 | 6.59% |
| 2 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | ¥0.231 | 7.82% |
| 3 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | ¥0.121 | 3.52% |
| 4 | Jul 01, 2020 | Jul 01, 2020 | Jul 01, 2020 | ¥0.0765 | 3.64% |
| 5 | Jun 26, 2019 | Jun 26, 2019 | Jun 26, 2019 | ¥0.0525 | 2.22% |
FAQ
Click here for our free guide on how to buy CSG/Shs B Vtg 1.00 Stock.
