SC Kexin Mech. and Elec. Equip. Co.,Ltd. Stock Forecast
Red day on Friday for SC Kexin Mech. and Elec. Equip. Co.,Ltd.
(Updated on May 31, 2024)
The SC Kexin Mech. and Elec. Equip. Co.,Ltd. stock price fell by -0.406% on the last day (Friday, 31st May 2024) from ¥12.32 to ¥12.27. During the last trading day the stock fluctuated 5.08% from a day low at ¥12.21 to a day high of ¥12.83. The price has been going up and down for this period, and there has been a 6.33% gain for the last 2 weeks. 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, 19 million shares were bought and sold for approximately ¥234.31 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 2.39% during the next 3 months and, with a 90% probability hold a price between ¥9.40 and ¥13.43 at the end of this 3-month period.
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300092.SZ Signals & Forecast
The SC Kexin Mech. and Elec. Equip. Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥12.42. On a fall, the stock will find some support from the long-term average at approximately ¥10.77. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -6.41%. 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 SC Kexin Mech. and Elec. Equip. Co.,Ltd. stock
SC Kexin Mech. and Elec. Equip. Co.,Ltd. finds support from accumulated volume at ¥12.17 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 ¥0.620 between high and low, or 5.08%. For the last week, the stock has had daily average volatility of 10.64%.
Our recommended stop-loss: ¥11.67 (-4.89%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (300092.SZ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect SC Kexin Mech. and Elec. Equip. Co.,Ltd. to open at ¥12.44, and during the day (based on 14 day Average True Range), to move between ¥11.45 and ¥13.09, which gives a possible trading interval of +/-¥0.82 (+/-6.65%) up or down from last closing price. If SC Kexin Mech. and Elec. Equip. Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 13.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥12.17 (0.81%) than the resistance at ¥12.66 (3.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SC Kexin Mech. and Elec. Equip. Co.,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SC Kexin Mech. and Elec. Equip. Co.,Ltd. stock to perform well in the short-term.
Current score: 3.103 Buy Candidate Unchanged
Predicted Opening Price for SC Kexin Mech. and Elec. Equip. Co.,Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ¥12.44 ( 1.36%) | ¥12.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300092.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.06 | 6.41 % | |
| R2 | 12.82 | 4.48 % | ||
| R1 | 12.67 | 3.29 % | ||
| Current price: | 12.27 | |||
| Support | S1 | 12.20 | -0.572 % | |
| S2 | 12.05 | -1.76 % | ||
| S3 | 11.82 | -3.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.11 | 6.85 % | |
| R2 | 13.08 | 6.60 % | ||
| R1 | 12.66 | 3.18 % | ||
| Current price | 12.27 | |||
| Support | S1 | 12.17 | -0.81% | |
| S2 | 11.54 | -5.95% | ||
| S3 | 11.03 | -10.11% |
300092 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 14, 2024 | ¥0.230 | 2.20% |
| 2 | May 16, 2023 | May 16, 2023 | May 16, 2023 | ¥0.200 | 1.22% |
| 3 | May 24, 2022 | May 24, 2022 | May 24, 2022 | ¥0.0550 | 0.604% |
| 4 | May 18, 2021 | May 18, 2021 | May 18, 2021 | ¥0.0500 | 0.597% |
| 5 | May 18, 2020 | May 18, 2020 | May 18, 2020 | ¥0.0180 | 0.259% |
FAQ
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