Shantou Wanshun New Material Group Co., Stock Forecast
Shantou Wanshun New Material Group Co., stock price ended at ¥4.04 on Friday, after gaining 1.00%.
(Updated on Jun 28, 2024)
The Shantou Wanshun New Material Group Co., stock price gained 1.00% on the last trading day (Friday, 28th Jun 2024), rising from ¥4.00 to ¥4.04. During the last trading day the stock fluctuated 7.05% from a day low at ¥3.97 to a day high of ¥4.25. The price has fallen in 6 of the last 10 days and is down by -7.97% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 325 thousand more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately ¥34.37 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 -15.26% during the next 3 months and, with a 90% probability hold a price between ¥2.97 and ¥4.46 at the end of this 3-month period.
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300057.SZ Signals & Forecast
There are mixed signals in the stock today. The Shantou Wanshun New Material Group Co., 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 ¥4.08 and ¥4.65. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.25%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Shantou Wanshun New Material Group Co., stock
Shantou Wanshun New Material Group Co., finds support from accumulated volume at ¥4.00 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 ¥0.280 between high and low, or 7.05%. For the last week, the stock has had daily average volatility of 7.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300057.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shantou Wanshun New Material Group Co., Ltd. to open at ¥4.09, and during the day (based on 14 day Average True Range), to move between ¥3.70 and ¥4.38, which gives a possible trading interval of +/-¥0.336 (+/-8.32%) up or down from last closing price. If Shantou Wanshun New Material Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 16.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.00 (0.99%) than the resistance at ¥4.44 (9.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shantou Wanshun New Material Group Co., Ltd. stock A Buy?
Shantou Wanshun New Material Group Co., 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: -4.615 Sell Candidate Unchanged
Predicted Opening Price for Shantou Wanshun New Material Group Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥4.09 ( 1.16%) | ¥4.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300057.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.37 | 8.09% |
| R2 | 4.26 | 5.44% |
| R1 | 4.19 | 3.80% |
| Price | 4.04 | |
| S1 | 3.98 | -1.49% |
| S2 | 3.91 | -3.13% |
| S3 | 3.81 | -5.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.90 | 21.29% |
| R2 | 4.64 | 14.85% |
| R1 | 4.44 | 9.90% |
| Price | 4.04 | |
| S1 | 4.00 | -0.99% |
| S2 | 3.99 | -1.24% |
| S3 | 0 | - |
300057 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2023 | May 16, 2023 | May 16, 2023 | ¥0.0500 | 0.688% |
| 2 | May 17, 2021 | May 17, 2021 | May 17, 2021 | ¥0.0400 | 0.87% |
| 3 | Apr 30, 2020 | Apr 30, 2020 | Apr 30, 2020 | ¥0.0499 | 1.03% |
| 4 | May 15, 2019 | May 15, 2019 | May 15, 2019 | ¥0.0952 | 1.62% |
| 5 | May 22, 2018 | May 22, 2018 | May 22, 2018 | ¥0.0420 | 0.595% |
FAQ
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