CHANGYU/Shs B Vtg 1.00 Stock Forecast
CHANGYU/Shs B Vtg 1.00 stock price ended at ¥9.05 on Tuesday, after losing 1.52%.
(Updated on Apr 30, 2024)
The CHANGYU/Shs B Vtg 1.00 stock price fell by -1.52% on the last day (Tuesday, 30th Apr 2024) from ¥9.19 to ¥9.05. During the last trading day the stock fluctuated 2.57% from a day low at ¥8.96 to a day high of ¥9.19. The price has fallen in 6 of the last 10 days and is down by -8.95% for this period. Volume has increased on the last day by 680 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, 2 million shares were bought and sold for approximately ¥14.35 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥8.79 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 11.76% during the next 3 months and, with a 90% probability hold a price between ¥9.83 and ¥12.12 at the end of this 3-month period.
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200869.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 CHANGYU/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 ¥9.47 and ¥9.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 26, 2024, and so far it has fallen -9.32%. 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.
Support, Risk & Stop-loss for CHANGYU/Shs B Vtg 1.00 stock
CHANGYU/Shs B Vtg 1.00 finds support from accumulated volume at ¥8.93 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 ¥0.230 between high and low, or 2.57%. For the last week, the stock has had daily average volatility of 3.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (200869.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect CHANGYU/Shs B Vtg 1.00 to open at ¥9.07, and during the day (based on 14 day Average True Range), to move between ¥8.80 and ¥9.30, which gives a possible trading interval of +/-¥0.248 (+/-2.74%) up or down from last closing price. If CHANGYU/Shs B Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 5.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥9.06 (0.11%) than the support at ¥8.93 (1.33%), 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 CHANGYU/Shs B Vtg 1.00 stock A Buy?
The CHANGYU/Shs B Vtg 1.00 stock holds several negative signals and despite the positive trend, we believe CHANGYU/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.
Current score: -4.881 Sell Candidate Unchanged
Predicted Opening Price for CHANGYU/Shs B Vtg 1.00 of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥9.07 ( 0.184%) | ¥9.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 200869.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.30 | 2.73 % | |
| R2 | 9.21 | 1.75 % | ||
| R1 | 9.15 | 1.15 % | ||
| Current price: | 9.05 | |||
| Support | S1 | 8.98 | -0.787 % | |
| S2 | 8.92 | -1.39 % | ||
| S3 | 8.84 | -2.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.60 | 6.08 % | |
| R2 | 9.56 | 5.64 % | ||
| R1 | 9.06 | 0.110 % | ||
| Current price | 9.05 | |||
| Support | S1 | 8.93 | -1.33% | |
| S2 | 8.88 | -1.88% | ||
| S3 | 8.20 | -9.39% |
200869 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | ¥0.500 | 4.50% |
| 2 | Jul 13, 2022 | Jul 13, 2022 | Jul 13, 2022 | ¥0.527 | 4.29% |
| 3 | Jul 13, 2021 | Jul 13, 2021 | Jul 13, 2021 | ¥0.486 | 3.12% |
| 4 | Jul 10, 2020 | Jul 10, 2020 | Jul 10, 2020 | ¥0.761 | 4.98% |
| 5 | Jul 08, 2019 | Jul 08, 2019 | Jul 08, 2019 | ¥0.683 | 4.09% |
FAQ
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