FANGDA GRP/Shs B Vtg 1.00 Stock Forecast
Stronger technical forecast for FANGDA GRP/Shs B Vtg 1.00 stock price after Tuesday trading.
(Updated on May 28, 2024)
The FANGDA GRP/Shs B Vtg 1.00 stock price gained 1.20% on the last trading day (Tuesday, 28th May 2024), rising from ¥1.66 to ¥1.68. During the last trading day the stock fluctuated 1.20% from a day low at ¥1.67 to a day high of ¥1.69. The price has fallen in 5 of the last 10 days and is down by -5.08% for this period. Volume fell on the last day by -195 thousand shares and in total, 98 thousand shares were bought and sold for approximately ¥165.38 thousand. 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 lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥1.66 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.41% during the next 3 months and, with a 90% probability hold a price between ¥1.53 and ¥1.64 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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200055.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 1.20%. 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 FANGDA 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 ¥1.69 and ¥1.76. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for FANGDA GRP/Shs B Vtg 1.00 stock
FANGDA GRP/Shs B Vtg 1.00 finds support from accumulated volume at ¥1.66 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved ¥0.0200 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 2.04%.
FANGDA GRP/Shs B Vtg 1.00 is oversold on RSI14 (24). 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 (200055.SZ) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect FANGDA GRP/Shs B Vtg 1.00 to open at ¥1.68, and during the day (based on 14 day Average True Range), to move between ¥1.65 and ¥1.71, which gives a possible trading interval of +/-¥0.0348 (+/-2.07%) up or down from last closing price. If FANGDA GRP/Shs B Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 4.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥1.70 (1.19%) than the support at ¥1.66 (1.19%), 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 FANGDA GRP/Shs B Vtg 1.00 stock A Buy?
FANGDA GRP/Shs B Vtg 1.00 holds several negative signals and is within a 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.710 Sell Candidate Upgraded
Predicted Opening Price for FANGDA GRP/Shs B Vtg 1.00 of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| ¥1.68 ( 0%) | ¥1.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 200055.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.70 | 1.19 % | |
| R2 | 1.69 | 0.736 % | ||
| R1 | 1.69 | 0.455 % | ||
| Current price: | 1.68 | |||
| Support | S1 | 1.67 | -0.455 % | |
| S2 | 1.67 | -0.736 % | ||
| S3 | 1.66 | -1.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.81 | 7.74 % | |
| R2 | 1.77 | 5.36 % | ||
| R1 | 1.70 | 1.19 % | ||
| Current price | 1.68 | |||
| Support | S1 | 1.66 | -1.19% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
200055 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 21, 2024 | ¥0.0882 | 5.16% |
| 2 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | ¥0.0570 | 2.77% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | ¥0.0613 | 3.02% |
| 4 | Jun 04, 2020 | Jun 04, 2020 | Jun 04, 2020 | ¥0.0548 | 1.94% |
| 5 | Mar 11, 2019 | Mar 11, 2019 | Mar 11, 2019 | ¥0.232 | 5.60% |
FAQ
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