Ji Yao Holding Group Co., Ltd. Stock Forecast
High volatility in Ji Yao Holding Group Co., Ltd. stock price on Friday which ended trading at ¥1.02
(Updated on Jun 28, 2024)
The Ji Yao Holding Group Co., Ltd. stock price gained 20.00% on the last trading day (Friday, 28th Jun 2024), rising from ¥0.85 to ¥1.02. During the last trading day the stock fluctuated 65.17% from a day low at ¥0.89 to a day high of ¥1.47. The price has fallen in 8 of the last 10 days and is down by -34.62% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 million more shares were traded than the day before. In total, 63 million shares were bought and sold for approximately ¥63.81 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 -31.53% during the next 3 months and, with a 90% probability hold a price between ¥0.573 and ¥1.14 at the end of this 3-month period.
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300108.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 20.00%. 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. The Ji Yao Holding Group 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 ¥1.19 and ¥1.63. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ji Yao Holding Group Co., Ltd. stock
Ji Yao Holding Group Co., Ltd. finds support from accumulated volume at ¥1.01 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.580 between high and low, or 65.17%. For the last week, the stock has had daily average volatility of 47.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300108.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ji Yao Holding Group Co., Ltd. to open at ¥1.13, and during the day (based on 14 day Average True Range), to move between ¥0.779 and ¥1.26, which gives a possible trading interval of +/-¥0.241 (+/-23.62%) up or down from last closing price. If Ji Yao Holding Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 47.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥1.01 (0.98%) than the resistance at ¥1.19 (16.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ji Yao Holding Group Co., Ltd. stock A Buy?
Ji Yao Holding Group Co., Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.819 Sell Candidate Upgraded
Predicted Opening Price for Ji Yao Holding Group Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥1.13 ( 10.46%) | ¥1.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300108.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.71 | 67.32% |
| R2 | 1.49 | 45.60% |
| R1 | 1.35 | 32.18% |
| Price | 1.02 | |
| S1 | 0.91 | -11.26% |
| S2 | 0.768 | -24.68% |
| S3 | 0.547 | -46.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 1.19 | 16.67% |
| Price | 1.02 | |
| S1 | 1.01 | -0.98% |
| S2 | 0.85 | -16.67% |
| S3 | 0 | - |
300108 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 16, 2018 | Jul 16, 2018 | Jul 16, 2018 | ¥0.0500 | 0.638% |
| 2 | Jun 15, 2017 | Jun 15, 2017 | Jun 15, 2017 | ¥0.0500 | 0.641% |
| 3 | May 26, 2016 | May 26, 2016 | May 26, 2016 | ¥0.0667 | 0.80% |
| 4 | Apr 11, 2014 | Apr 11, 2014 | Apr 11, 2014 | ¥0.0444 | 0.742% |
| 5 | May 21, 2013 | May 21, 2013 | May 21, 2013 | ¥0.0444 | 1.33% |
FAQ
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