RSI low/high Values: [ 20 - 75 ]
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AI Analysis of 300073.SZ
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High volatility in Beijing Easpring Material Techgy Co Ltd stock price on Thursday which ended trading at ¥38.04
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Beijing Easpring Material Techgy Co Ltd stock price gained 7.31% on the last trading day (Thursday, 28th Mar 2024), rising from ¥35.45 to ¥38.04. During the last trading day the stock fluctuated 17.84% from a day low at ¥32.51 to a day high of ¥38.31. The price has fallen in 6 of the last 10 days but is still up by 6.97% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 million more shares were traded than the day before. In total, 34 million shares were bought and sold for approximately ¥1.28 billion.

Given the current short-term trend, the stock is expected to fall -4.83% during the next 3 months and, with a 90% probability hold a price between ¥25.79 and ¥36.20 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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300073.SZ Signals & Forecast

The Beijing Easpring Material Techgy Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥35.33 and ¥34.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 34.85%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Beijing Easpring Material Techgy Co Ltd stock

Beijing Easpring Material Techgy Co Ltd finds support from accumulated volume at ¥36.62 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 ¥5.80 between high and low, or 17.84%. For the last week, the stock has had daily average volatility of 10.74%.

Our recommended stop-loss: ¥36.63 (-3.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 34 days ago.)

Trading Expectations (300073.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Beijing Easpring Material Techgy Co Ltd to open at ¥36.29, and during the day (based on 14 day Average True Range), to move between ¥35.96 and ¥40.12, which gives a possible trading interval of +/-¥2.08 (+/-5.46%) up or down from last closing price. If Beijing Easpring Material Techgy Co Ltd takes out the full calculated possible swing range there will be an estimated 10.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥38.16 (0.32%) than the support at ¥36.62 (3.73%), 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 Beijing Easpring Material Techgy Co Ltd stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.391 Buy Candidate Upgraded

Predicted Opening Price for Beijing Easpring Material Techgy Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥36.29 ( 4.61%) ¥38.04

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 300073.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 42.09 10.64 %
R2 39.87 4.81 %
R1 38.50 1.22 %
Current price: 38.04
Support S1 34.07 -10.43 %
S2 32.70 -14.03 %
S3 30.49 -19.86 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 38.93 2.34 %
R2 38.47 1.13 %
R1 38.16 0.315 %
Current price 38.04
Support S1 36.62 -3.73%
S2 35.94 -5.52%
S3 35.45 -6.81%

300073 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 29, 2023 Jun 29, 2023 Jun 29, 2023 ¥0.668 1.38%
2 May 26, 2022 May 26, 2022 May 26, 2022 ¥0.424 0.640%
3 May 28, 2021 May 28, 2021 May 28, 2021 ¥0.165 0.311%
4 Jun 21, 2019 Jun 21, 2019 Jun 21, 2019 ¥0.140 0.569%
5 May 29, 2018 May 29, 2018 May 29, 2018 ¥0.109 0.349%

FAQ

What is the symbol for Beijing Easpring Material Techgy Co Ltd Stock and on which exchange is it traded?
The symbol for Beijing Easpring Material Techgy Co Ltd is 300073.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Beijing Easpring Material Techgy Co Ltd Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Beijing Easpring Material Techgy Co Ltd Stock?
Beijing Easpring Material Techgy Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Beijing Easpring Material Techgy Co Ltd Stock.

What's the current price of Beijing Easpring Material Techgy Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Beijing Easpring Material Techgy Co Ltd (300073.SZ) share was ¥38.04.

What is the 52-week high and low for Beijing Easpring Material Techgy Co Ltd Stock?
The 52-week high for Beijing Easpring Material Techgy Co Ltd Stock is ¥61.27 and the 52-week low is ¥26.86.

What is the market capitalization of Beijing Easpring Material Techgy Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Beijing Easpring Material Techgy Co Ltd is 18.495B.

When is the next earnings date for Beijing Easpring Material Techgy Co Ltd?
The upcoming earnings date for Beijing Easpring Material Techgy Co Ltd is Apr 25, 2024.
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About Beijing Easpring Material Techgy Co Ltd

Beijing Easpring Material Techgy Co Ltd Beijing Easpring Material Technology CO.,LTD. engages in the production and sale of energy lithium battery in China. The company offers lithium battery cathode and lithium cobalt oxide materials, which are used in automotive, energy storage, and small lithium batteries; and die cutting equipment. The company was founded in 2001 and is headquartered in Beijing, China.... 300073.SZ Profile

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