KONKA GRP/Shs B Vtg 1.00 Stock Forecast
Evaluation of KONKA GRP/Shs B Vtg 1.00 stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The KONKA GRP/Shs B Vtg 1.00 stock price fell by -4.17% on the last day (Tuesday, 30th Apr 2024) from ¥0.720 to ¥0.690. During the last trading day the stock fluctuated 2.90% from a day low at ¥0.690 to a day high of ¥0.710. The price has fallen in 6 of the last 10 days and is down by -6.76% for this period. Volume has increased on the last day by 730 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately ¥949.73 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥0.677 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.97% during the next 3 months and, with a 90% probability hold a price between ¥0.650 and ¥0.81 at the end of this 3-month period.
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200016.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The KONKA GRP/Shs B Vtg 1.00 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 ¥0.711 and ¥0.794. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -19.77%. 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). KONKA GRP/Shs B Vtg 1.00 gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for KONKA GRP/Shs B Vtg 1.00 stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ¥0.0200 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 2.87%.
KONKA GRP/Shs B Vtg 1.00 is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (200016.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect KONKA GRP/Shs B Vtg 1.00 to open at ¥0.697, and during the day (based on 14 day Average True Range), to move between ¥0.663 and ¥0.717, which gives a possible trading interval of +/-¥0.0273 (+/-3.95%) up or down from last closing price. If KONKA GRP/Shs B Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 7.90% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ¥0.80, some ¥0.110 (15.94%) from the current price of ¥0.690, our system finds the risk reward not very attractive.
Is KONKA GRP/Shs B Vtg 1.00 stock A Buy?
KONKA GRP/Shs B Vtg 1.00 holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.958 Strong Sell Candidate Downgraded
Predicted Opening Price for KONKA GRP/Shs B Vtg 1.00 of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
¥0.697 ( 0.97%) | ¥0.690 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 200016.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.717 | 3.86 % | |
R2 | 0.709 | 2.76 % | ||
R1 | 0.704 | 2.07 % | ||
Current price: | 0.690 | |||
Support | S1 | 0.689 | -0.141 % | |
S2 | 0.684 | -0.83 % | ||
S3 | 0.677 | -1.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.84 | 21.74 % | |
R2 | 0.81 | 17.39 % | ||
R1 | 0.80 | 15.94 % | ||
Current price | 0.690 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
200016 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | ¥0.0598 | 2.99% |
2 | Jun 04, 2021 | Jun 04, 2021 | Jun 04, 2021 | ¥0.119 | 5.14% |
3 | Jul 09, 2020 | Jul 09, 2020 | Jul 09, 2020 | ¥0.0547 | 2.13% |
4 | Jul 05, 2019 | Jul 05, 2019 | Jul 05, 2019 | ¥0.115 | 4.56% |
5 | Jun 06, 2018 | Jun 06, 2018 | Jun 06, 2018 | ¥0.201 | 7.03% |
FAQ
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