Shanghai Anoky Group Co., Ltd. Stock Forecast
Shanghai Anoky Group Co., Ltd. stock price ended at ¥4.04 on Friday, after losing 1.22%.
(Updated on Jun 28, 2024)
The Shanghai Anoky Group Co., Ltd. stock price fell by -1.22% on the last day (Friday, 28th Jun 2024) from ¥4.09 to ¥4.04. During the last trading day the stock fluctuated 7.20% from a day low at ¥3.89 to a day high of ¥4.17. The price has fallen in 7 of the last 10 days and is down by -5.61% 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 -33 million shares and in total, 61 million shares were bought and sold for approximately ¥246.22 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 -10.02% during the next 3 months and, with a 90% probability hold a price between ¥2.50 and ¥4.70 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.
300067.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shanghai Anoky Group 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 ¥4.39. On a fall, the stock will find some support from the short-term average at ¥3.95. 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. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -27.86%. Further fall is indicated until a new bottom pivot has been found. 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 Shanghai Anoky Group Co., Ltd. stock
Shanghai Anoky Group Co., Ltd. finds support from accumulated volume at ¥3.91 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 ¥0.280 between high and low, or 7.20%. For the last week, the stock has had daily average volatility of 10.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300067.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shanghai Anoky Group Co., Ltd. to open at ¥4.03, and during the day (based on 14 day Average True Range), to move between ¥3.65 and ¥4.43, which gives a possible trading interval of +/-¥0.386 (+/-9.57%) up or down from last closing price. If Shanghai Anoky Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 19.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.91 (3.22%) than the resistance at ¥4.18 (3.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shanghai Anoky Group Co., Ltd. stock A Buy?
Shanghai Anoky Group 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: -4.024 Sell Candidate Unchanged
Predicted Opening Price for Shanghai Anoky Group Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥4.03 ( 0.165%) | ¥4.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300067.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.31 | 6.77% |
| R2 | 4.21 | 4.12% |
| R1 | 4.14 | 2.48% |
| Price | 4.04 | |
| S1 | 3.93 | -2.81% |
| S2 | 3.86 | -4.45% |
| S3 | 3.75 | -7.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.88 | 20.79% |
| R2 | 4.46 | 10.40% |
| R1 | 4.18 | 3.47% |
| Price | 4.04 | |
| S1 | 3.91 | -3.22% |
| S2 | 3.75 | -7.18% |
| S3 | 3.26 | -19.31% |
300067 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | May 28, 2024 | ¥0.0400 | 0.94% |
| 2 | May 08, 2020 | May 08, 2020 | May 08, 2020 | ¥0.0800 | 2.17% |
| 3 | May 14, 2019 | May 14, 2019 | May 14, 2019 | ¥0.0769 | 1.44% |
| 4 | May 30, 2018 | May 30, 2018 | May 30, 2018 | ¥0.0385 | 0.762% |
| 5 | Apr 28, 2017 | Apr 28, 2017 | Apr 28, 2017 | ¥0.0128 | 0.250% |
FAQ
Click here for our free guide on how to buy Shanghai Anoky Group Co., Ltd. Stock.
