Hangzhou Shunwang Technology Co Ltd Stock Forecast
Hangzhou Shunwang Technology Co Ltd stock price ended at ¥10.60 on Thursday, after losing 0.656%.
(Updated on Apr 25, 2024)
The Hangzhou Shunwang Technology Co Ltd stock price fell by -0.656% on the last day (Thursday, 25th Apr 2024) from ¥10.67 to ¥10.60. During the last trading day the stock fluctuated 2.86% from a day low at ¥10.48 to a day high of ¥10.78. The price has fallen in 6 of the last 10 days and is down by -5.94% 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 -3 million shares and in total, 10 million shares were bought and sold for approximately ¥111.12 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Hangzhou Shunwang Technology Co Ltd stock with a 90% probability to be traded between ¥8.83 and ¥13.22 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300113.SZ Signals & Forecast
There are mixed signals in the stock today. The Hangzhou Shunwang Technology 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 ¥11.85. On a fall, the stock will find some support from the short-term average at ¥10.52. 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 Tuesday, March 19, 2024, and so far it has fallen -20.78%. 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 Hangzhou Shunwang Technology Co Ltd stock
Hangzhou Shunwang Technology Co Ltd finds support from accumulated volume at ¥10.33 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 ¥0.300 between high and low, or 2.86%. For the last week, the stock has had daily average volatility of 5.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300113.SZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Hangzhou Shunwang Technology Co Ltd to open at ¥10.62, and during the day (based on 14 day Average True Range), to move between ¥9.91 and ¥11.29, which gives a possible trading interval of +/-¥0.692 (+/-6.53%) up or down from last closing price. If Hangzhou Shunwang Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 13.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥10.71 (1.04%) than the support at ¥10.33 (2.55%), 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 Hangzhou Shunwang Technology Co Ltd stock A Buy?
Hangzhou Shunwang Technology 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: -3.976 Sell Candidate Unchanged
Predicted Opening Price for Hangzhou Shunwang Technology Co Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ¥10.62 ( 0.189%) | ¥10.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300113.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.92 | 3.02 % | |
| R2 | 10.81 | 1.94 % | ||
| R1 | 10.73 | 1.27 % | ||
| Current price: | 10.60 | |||
| Support | S1 | 10.51 | -0.89 % | |
| S2 | 10.43 | -1.56 % | ||
| S3 | 10.32 | -2.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.78 | 20.57 % | |
| R2 | 11.90 | 12.26 % | ||
| R1 | 10.71 | 1.04 % | ||
| Current price | 10.60 | |||
| Support | S1 | 10.33 | -2.55% | |
| S2 | 9.56 | -9.81% | ||
| S3 | 9.00 | -15.09% |
300113 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | ¥0.0700 | 0.361% |
| 2 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | ¥0.0704 | 0.662% |
| 3 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | ¥0.0800 | 0.563% |
| 4 | Jun 10, 2020 | Jun 10, 2020 | Jun 10, 2020 | ¥0.190 | 0.85% |
| 5 | Jun 28, 2018 | Jun 28, 2018 | Jun 28, 2018 | ¥0.200 | 1.26% |
FAQ
Click here for our free guide on how to buy Hangzhou Shunwang Technology Co Ltd Stock.
