Beijing JIAYU Door Window & Curtain Wall Stock Forecast
A very red day for Beijing JIAYU Door Window & Curtain Wall stock price after a -8.26% fall in the Thursday trading session
(Updated on Jun 20, 2024)
The Beijing JIAYU Door Window & Curtain Wall stock price fell by -8.26% on the last day (Thursday, 20th Jun 2024) from ¥1.21 to ¥1.11. During the last trading day the stock fluctuated 7.21% from a day low at ¥1.11 to a day high of ¥1.19. The price has risen in 6 of the last 10 days and is up by 29.07% over the past 2 weeks. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 32 million shares were bought and sold for approximately ¥35.26 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥1.21 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -33.39% during the next 3 months and, with a 90% probability hold a price between ¥0.402 and ¥0.81 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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300117.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 Beijing JIAYU Door Window & Curtain Wall 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 ¥1.17 and ¥1.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -9.76%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Beijing JIAYU Door Window & Curtain Wall stock
Beijing JIAYU Door Window & Curtain Wall finds support from accumulated volume at ¥1.10 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 ¥0.0800 between high and low, or 7.21%. For the last week, the stock has had daily average volatility of 8.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300117.SZ) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Beijing JIAYU Door Window & Curtain Wall to open at ¥1.14, and during the day (based on 14 day Average True Range), to move between ¥0.95 and ¥1.27, which gives a possible trading interval of +/-¥0.156 (+/-14.02%) up or down from last closing price. If Beijing JIAYU Door Window & Curtain Wall takes out the full calculated possible swing range there will be an estimated 28.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥1.10 (0.90%) than the resistance at ¥1.14 (2.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beijing JIAYU Door Window & Curtain Wall stock A Buy?
Beijing JIAYU Door Window & Curtain Wall 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.209 Sell Candidate Downgraded
Predicted Opening Price for Beijing JIAYU Door Window & Curtain Wall of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| ¥1.14 ( 2.40%) | ¥1.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300117.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.22 | 9.61% |
| R2 | 1.19 | 6.86% |
| R1 | 1.17 | 5.16% |
| Price | 1.11 | |
| S1 | 1.11 | -0.351% |
| S2 | 1.09 | -2.05% |
| S3 | 1.06 | -4.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.37 | 23.42% |
| R2 | 1.27 | 14.41% |
| R1 | 1.14 | 2.70% |
| Price | 1.11 | |
| S1 | 1.10 | -0.90% |
| S2 | 1.08 | -2.70% |
| S3 | 1.03 | -7.21% |
300117 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 20, 2021 | Aug 20, 2021 | Aug 20, 2021 | ¥0.0130 | 0.265% |
| 2 | Jul 20, 2020 | Jul 20, 2020 | Jul 20, 2020 | ¥0.0030 | 0.0882% |
| 3 | Aug 21, 2019 | Aug 21, 2019 | Aug 21, 2019 | ¥0.0080 | 0.201% |
| 4 | Jun 26, 2018 | Jun 26, 2018 | Jun 26, 2018 | ¥0.0100 | 0.258% |
| 5 | Jul 21, 2017 | Jul 21, 2017 | Jul 21, 2017 | ¥0.0100 | 0.149% |
FAQ
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