Ceepower Co., Ltd. Stock Forecast
Ceepower Co., Ltd. stock price down 1.66% on Friday
(Updated on Jun 21, 2024)
The Ceepower Co., Ltd. stock price fell by -1.66% on the last day (Friday, 21st Jun 2024) from ¥4.82 to ¥4.74. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.18% from a day low at ¥4.72 to a day high of ¥4.87. The price has risen in 6 of the last 10 days but is still down by -0.84% 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 -4 million shares and in total, 8 million shares were bought and sold for approximately ¥40.10 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 2.57% during the next 3 months and, with a 90% probability hold a price between ¥4.25 and ¥5.65 at the end of this 3-month period.
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300062.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Ceepower 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 ¥4.91 and ¥5.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -13.35%. 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). 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 Ceepower Co., Ltd. stock
Ceepower Co., Ltd. finds support from accumulated volume at ¥4.52 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 ¥0.150 between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 9.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300062.SZ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Ceepower Co., Ltd. to open at ¥4.78, and during the day (based on 14 day Average True Range), to move between ¥4.38 and ¥5.10, which gives a possible trading interval of +/-¥0.356 (+/-7.52%) up or down from last closing price. If Ceepower Co., Ltd. takes out the full calculated possible swing range there will be an estimated 15.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.52 (4.64%) than the resistance at ¥5.11 (7.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ceepower Co., Ltd. stock A Buy?
The Ceepower Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Ceepower Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.156 Sell Candidate Unchanged
Predicted Opening Price for Ceepower Co., Ltd. of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
¥4.78 ( 0.774%) | ¥4.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300062.SZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.93 | 3.94% |
R2 | 4.87 | 2.73% |
R1 | 4.83 | 1.98% |
Price | 4.74 | |
S1 | 4.72 | -0.435% |
S2 | 4.68 | -1.18% |
S3 | 4.63 | -2.39% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5.47 | 15.40% |
R2 | 5.12 | 8.02% |
R1 | 5.11 | 7.81% |
Price | 4.74 | |
S1 | 4.52 | -4.64% |
S2 | 4.40 | -7.17% |
S3 | 4.04 | -14.77% |
300062 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 24, 2024 | May 24, 2024 | May 24, 2024 | ¥0.0200 | 0.386% |
2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | ¥0.0100 | 0.157% |
3 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | ¥0.0100 | 0.151% |
4 | Jun 18, 2021 | Jun 18, 2021 | Jun 18, 2021 | ¥0.0125 | 0.212% |
5 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | ¥0.0125 | 0.382% |
FAQ
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