GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. Stock Forecast
Green day on Tuesday for GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD.
(Updated on Apr 30, 2024)
The GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. stock price gained 0.216% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥4.64 to ¥4.65. During the last trading day the stock fluctuated 4.62% from a day low at ¥4.55 to a day high of ¥4.76. The price has risen in 6 of the last 10 days and is up by 19.23% over the past 2 weeks. Volume fell on the last day by -908 thousand shares and in total, 9 million shares were bought and sold for approximately ¥43.50 million. 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 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 -4.07% during the next 3 months and, with a 90% probability hold a price between ¥3.32 and ¥5.64 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 19.23%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥5.01. On a fall, the stock will find some support from the short-term average at ¥4.37. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥4.17 and ¥4.07. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. finds support just below today's level at ¥4.17. If this is broken, then the next support from accumulated volume will be at ¥4.07 and ¥3.69.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.210 between high and low, or 4.62%. For the last week, the stock has had daily average volatility of 6.87%.
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 6th
For the upcoming trading day on Monday, 6th we expect GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. to open at ¥4.65, and during the day (based on 14 day Average True Range), to move between ¥4.19 and ¥5.11, which gives a possible trading interval of +/-¥0.457 (+/-9.83%) 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 19.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥4.78 (2.80%) than the support at ¥4.17 (10.32%), 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 GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. stock A Buy?
GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.497 Sell Candidate Unchanged
Predicted Opening Price for GZ IMPROVE MEDICAL INSTRUMENTS CO., LTD. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥4.65 ( 0.0717%) | ¥4.65 |
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 | 4.86 | 4.59 % | |
| R2 | 4.78 | 2.86 % | ||
| R1 | 4.73 | 1.80 % | ||
| Current price: | 4.65 | |||
| Support | S1 | 4.57 | -1.65 % | |
| S2 | 4.52 | -2.72 % | ||
| S3 | 4.44 | -4.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.13 | 10.32 % | |
| R2 | 4.99 | 7.31 % | ||
| R1 | 4.78 | 2.80 % | ||
| Current price | 4.65 | |||
| Support | S1 | 4.17 | -10.32% | |
| S2 | 4.07 | -12.47% | ||
| S3 | 3.69 | -20.65% |
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% |
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