Qingdao TGOOD Electric Co.,Ltd. Stock Forecast
Green day on Friday for Qingdao TGOOD Electric Co.,Ltd.
(Updated on May 31, 2024)
The Qingdao TGOOD Electric Co.,Ltd. stock price gained 0.279% on the last trading day (Friday, 31st May 2024), rising from ¥21.49 to ¥21.55. During the last trading day the stock fluctuated 1.97% from a day low at ¥21.29 to a day high of ¥21.71. The price has risen in 6 of the last 10 days and is up by 5.53% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 672 thousand more shares were traded than the day before. In total, 15 million shares were bought and sold for approximately ¥329.70 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ¥21.72 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.98% during the next 3 months and, with a 90% probability hold a price between ¥19.78 and ¥22.59 at the end of this 3-month period.
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300001.SZ Signals & Forecast
The Qingdao TGOOD Electric Co.,Ltd. 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 ¥20.94 and ¥20.11. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, May 28, 2024, and so far it has fallen -0.600%. 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).
Support, Risk & Stop-loss for Qingdao TGOOD Electric Co.,Ltd. stock
Qingdao TGOOD Electric Co.,Ltd. finds support from accumulated volume at ¥21.15 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 ¥0.420 between high and low, or 1.97%. For the last week, the stock has had daily average volatility of 7.62%.
Our recommended stop-loss: ¥20.67 (-4.08%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (300001.SZ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Qingdao TGOOD Electric Co.,Ltd. to open at ¥21.52, and during the day (based on 14 day Average True Range), to move between ¥20.63 and ¥22.47, which gives a possible trading interval of +/-¥0.92 (+/-4.27%) up or down from last closing price. If Qingdao TGOOD Electric Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 8.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥21.61 (0.28%) than the support at ¥21.15 (1.86%), 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 Qingdao TGOOD Electric Co.,Ltd. stock A Buy?
Qingdao TGOOD Electric Co.,Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.567 Hold/Accumulate Unchanged
Predicted Opening Price for Qingdao TGOOD Electric Co.,Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ¥21.52 ( 0.155%) | ¥21.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300001.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.94 | 1.79 % | |
| R2 | 21.78 | 1.05 % | ||
| R1 | 21.68 | 0.590 % | ||
| Current price: | 21.55 | |||
| Support | S1 | 21.36 | -0.90 % | |
| S2 | 21.26 | -1.36 % | ||
| S3 | 21.10 | -2.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 21.68 | 0.603 % | ||
| R1 | 21.61 | 0.278 % | ||
| Current price | 21.55 | |||
| Support | S1 | 21.15 | -1.86% | |
| S2 | 20.63 | -4.27% | ||
| S3 | 19.95 | -7.42% |
300001 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | ¥0.0500 | 0.255% |
| 2 | Apr 18, 2022 | Apr 18, 2022 | Apr 18, 2022 | ¥0.0200 | 0.121% |
| 3 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | ¥0.0500 | 0.201% |
| 4 | Jul 14, 2020 | Jul 14, 2020 | Jul 14, 2020 | ¥0.0200 | 0.0844% |
| 5 | Jul 29, 2019 | Jul 29, 2019 | Jul 29, 2019 | ¥0.0100 | 0.0519% |
FAQ
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