Beijing SuperMap Software Co., Ltd. Stock Forecast
Beijing SuperMap Software Co., Ltd. stock price down 0.573% on Tuesday
(Updated on Apr 23, 2024)
The Beijing SuperMap Software Co., Ltd. stock price fell by -0.573% on the last day (Tuesday, 23rd Apr 2024) from ¥15.70 to ¥15.61. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.44% from a day low at ¥15.58 to a day high of ¥15.96. The price has fallen in 7 of the last 10 days and is down by -8.66% 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 -3 million shares and in total, 10 million shares were bought and sold for approximately ¥152.45 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.51% during the next 3 months and, with a 90% probability hold a price between ¥15.38 and ¥21.06 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300036.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.38%. 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 Beijing SuperMap Software 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 ¥15.88 and ¥17.06. 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 Beijing SuperMap Software Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥14.46 and ¥13.73. 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, Beijing SuperMap Software Co., Ltd. finds support just below today's level at ¥14.46. If this is broken, then the next support from accumulated volume will be at ¥13.73 and ¥12.60.
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 ¥0.380 between high and low, or 2.44%. For the last week, the stock has had daily average volatility of 5.39%.
Beijing SuperMap Software Co., Ltd. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300036.SZ) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Beijing SuperMap Software Co., Ltd. to open at ¥15.72, and during the day (based on 14 day Average True Range), to move between ¥14.42 and ¥16.80, which gives a possible trading interval of +/-¥1.19 (+/-7.59%) up or down from last closing price. If Beijing SuperMap Software Co., Ltd. takes out the full calculated possible swing range there will be an estimated 15.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥14.46 (7.37%) than the resistance at ¥18.37 (17.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beijing SuperMap Software Co., Ltd. stock A Buy?
The Beijing SuperMap Software Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Beijing SuperMap Software Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.757 Sell Candidate Unchanged
Predicted Opening Price for Beijing SuperMap Software Co., Ltd. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| ¥15.72 ( 0.683%) | ¥15.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300036.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.10 | 3.12 % | |
| R2 | 15.95 | 2.19 % | ||
| R1 | 15.86 | 1.61 % | ||
| Current price: | 15.61 | |||
| Support | S1 | 15.57 | -0.247 % | |
| S2 | 15.48 | -0.82 % | ||
| S3 | 15.34 | -1.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.83 | 20.63 % | |
| R2 | 18.60 | 19.15 % | ||
| R1 | 18.37 | 17.68 % | ||
| Current price | 15.61 | |||
| Support | S1 | 14.46 | -7.37% | |
| S2 | 13.73 | -12.04% | ||
| S3 | 12.60 | -19.28% |
300036 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2022 | May 17, 2022 | May 17, 2022 | ¥0.0600 | 0.349% |
| 2 | May 18, 2021 | May 18, 2021 | May 18, 2021 | ¥0.0520 | 0.321% |
| 3 | May 26, 2020 | May 26, 2020 | May 26, 2020 | ¥0.0480 | 0.207% |
| 4 | May 16, 2019 | May 16, 2019 | May 16, 2019 | ¥0.0750 | 0.496% |
| 5 | May 11, 2018 | May 11, 2018 | May 11, 2018 | ¥0.0880 | 0.476% |
FAQ
Click here for our free guide on how to buy Beijing SuperMap Software Co., Ltd. Stock.
