SCPH/Shs B Vtg 1.00 Stock Forecast
SCPH/Shs B Vtg 1.00 stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The SCPH/Shs B Vtg 1.00 stock price fell by -4.17% on the last day (Tuesday, 30th Apr 2024) from ¥1.44 to ¥1.38. During the last trading day the stock fluctuated 5.84% from a day low at ¥1.37 to a day high of ¥1.45. The price has fallen in 5 of the last 10 days and is down by -3.5% for this period. Volume has increased on the last day by 2 million 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, 4 million shares were bought and sold for approximately ¥5.42 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥1.36 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 8.27% during the next 3 months and, with a 90% probability hold a price between ¥1.47 and ¥1.60 at the end of this 3-month period.
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200488.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The SCPH/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. On corrections up, there will be some resistance from the lines at ¥1.44 and ¥1.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -6.12%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A buy signal from a double bottom formation was found on Thursday, February 29, 2024 with a target of ¥1.35. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for SCPH/Shs B Vtg 1.00 stock
SCPH/Shs B Vtg 1.00 finds support from accumulated volume at ¥1.36 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 ¥0.0800 between high and low, or 5.84%. For the last week, the stock has had daily average volatility of 3.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (200488.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect SCPH/Shs B Vtg 1.00 to open at ¥1.40, and during the day (based on 14 day Average True Range), to move between ¥1.33 and ¥1.43, which gives a possible trading interval of +/-¥0.0452 (+/-3.28%) up or down from last closing price. If SCPH/Shs B Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 6.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥1.36 (1.45%) than the resistance at ¥1.41 (2.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SCPH/Shs B Vtg 1.00 stock A Buy?
The SCPH/Shs B Vtg 1.00 stock holds several negative signals and despite the positive trend, we believe SCPH/Shs B Vtg 1.00 will perform weakly in the next couple of days or weeks. Therefore, we 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 Hold/Accumulate to a Sell candidate.
Current score: -2.357 Sell Candidate Downgraded
Predicted Opening Price for SCPH/Shs B Vtg 1.00 of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥1.40 ( 1.45%) | ¥1.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 200488.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.48 | 7.25 % | |
| R2 | 1.45 | 5.03 % | ||
| R1 | 1.43 | 3.66 % | ||
| Current price: | 1.38 | |||
| Support | S1 | 1.37 | -0.765 % | |
| S2 | 1.35 | -2.13 % | ||
| S3 | 1.32 | -4.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.44 | 4.35 % | |
| R2 | 1.43 | 3.62 % | ||
| R1 | 1.41 | 2.17 % | ||
| Current price | 1.38 | |||
| Support | S1 | 1.36 | -1.45% | |
| S2 | 1.33 | -3.62% | ||
| S3 | 1.28 | -7.25% |
200488 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 12, 2021 | Aug 12, 2021 | Aug 12, 2021 | ¥0.222 | 5.11% |
| 2 | Aug 18, 2020 | Aug 18, 2020 | Aug 18, 2020 | ¥0.160 | 6.44% |
| 3 | Aug 09, 2019 | Aug 09, 2019 | Aug 09, 2019 | ¥0.273 | 9.34% |
| 4 | Aug 10, 2018 | Aug 10, 2018 | Aug 10, 2018 | ¥0.491 | 9.15% |
| 5 | Jun 16, 2017 | Jun 16, 2017 | Jun 16, 2017 | ¥0.400 | 7.83% |
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