GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. Stock Forecast
High volatility in GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. stock price on Friday which ended trading at ¥4.09
(Updated on Apr 19, 2024)
The GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. stock price fell by -2.62% on the last day (Friday, 19th Apr 2024) from ¥4.20 to ¥4.09. During the last trading day the stock fluctuated 20.74% from a day low at ¥4.05 to a day high of ¥4.89. The price has fallen in 6 of the last 10 days and is down by -25.64% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 9 million shares were bought and sold for approximately ¥35.95 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.17% during the next 3 months and, with a 90% probability hold a price between ¥2.61 and ¥4.95 at the end of this 3-month period.
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300030.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.87%. 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 GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. 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 ¥4.39 and ¥5.14. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. stock
GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. finds support from accumulated volume at ¥4.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.84 between high and low, or 20.74%. For the last week, the stock has had daily average volatility of 20.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300030.SZ) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. to open at ¥4.34, and during the day (based on 14 day Average True Range), to move between ¥3.52 and ¥4.66, which gives a possible trading interval of +/-¥0.568 (+/-13.89%) up or down from last closing price. If GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. takes out the full calculated possible swing range there will be an estimated 27.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.07 (0.49%) than the resistance at ¥4.17 (1.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. stock A Buy?
GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. holds several negative signals and is within a very 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.990 Sell Candidate Upgraded
Predicted Opening Price for GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| ¥4.34 ( 6.19%) | ¥4.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300030.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.18 | 26.73 % | |
| R2 | 4.86 | 18.89 % | ||
| R1 | 4.66 | 14.04 % | ||
| Current price: | 4.09 | |||
| Support | S1 | 4.02 | -1.65 % | |
| S2 | 3.82 | -6.50 % | ||
| S3 | 3.50 | -14.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.99 | 22.00 % | |
| R2 | 4.78 | 16.87 % | ||
| R1 | 4.17 | 1.96 % | ||
| Current price | 4.09 | |||
| Support | S1 | 4.07 | -0.489% | |
| S2 | 3.90 | -4.65% | ||
| S3 | 3.69 | -9.78% |
300030 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 06, 2022 | Jul 06, 2022 | Jul 06, 2022 | ¥0.0400 | 0.567% |
| 2 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | ¥0.0320 | 0.277% |
| 3 | Jun 20, 2018 | Jun 20, 2018 | Jun 20, 2018 | ¥0.0250 | 0.356% |
| 4 | Jul 26, 2016 | Jul 26, 2016 | Jul 26, 2016 | ¥0.0250 | 0.163% |
| 5 | May 26, 2015 | May 26, 2015 | May 26, 2015 | ¥0.0300 | 0.0850% |
FAQ
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