Risen Energy Co.,Ltd. Stock Forecast
Red day on Friday for Risen Energy Co.,Ltd. stock after losing 1.14%
(Updated on Jun 28, 2024)
The Risen Energy Co.,Ltd. stock price fell by -1.14% on the last day (Friday, 28th Jun 2024) from ¥12.24 to ¥12.10. During the last trading day the stock fluctuated 4.66% from a day low at ¥12.03 to a day high of ¥12.59. The price has fallen in 6 of the last 10 days and is down by -9.7% for this period. 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, 27 million shares were bought and sold for approximately ¥328.22 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 -10.06% during the next 3 months and, with a 90% probability hold a price between ¥10.16 and ¥13.58 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300118.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Risen Energy 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 ¥12.27 and ¥13.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -22.68%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Risen Energy Co.,Ltd. stock
Risen Energy Co.,Ltd. finds support from accumulated volume at ¥12.05 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 ¥0.560 between high and low, or 4.66%. For the last week, the stock has had daily average volatility of 4.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300118.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Risen Energy Co.,Ltd. to open at ¥12.24, and during the day (based on 14 day Average True Range), to move between ¥11.07 and ¥13.13, which gives a possible trading interval of +/-¥1.03 (+/-8.54%) up or down from last closing price. If Risen Energy Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 17.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥12.05 (0.41%) than the resistance at ¥13.12 (8.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Risen Energy Co.,Ltd. stock A Buy?
Risen Energy 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.
Current score: -2.923 Sell Candidate Unchanged
Predicted Opening Price for Risen Energy Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥12.24 ( 1.16%) | ¥12.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300118.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.80 | 5.79% |
| R2 | 12.59 | 4.02% |
| R1 | 12.45 | 2.92% |
| Price | 12.10 | |
| S1 | 12.03 | -0.611% |
| S2 | 11.89 | -1.70% |
| S3 | 11.68 | -3.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.46 | 19.50% |
| R2 | 14.40 | 19.01% |
| R1 | 13.12 | 8.43% |
| Price | 12.10 | |
| S1 | 12.05 | -0.413% |
| S2 | 0 | - |
| S3 | 0 | - |
300118 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | ¥0.201 | 1.28% |
| 2 | Jul 14, 2023 | Jul 14, 2023 | Jul 14, 2023 | ¥0.200 | 0.800% |
| 3 | Jul 08, 2021 | Jul 08, 2021 | Jul 08, 2021 | ¥0.200 | 0.97% |
| 4 | Jul 03, 2020 | Jul 03, 2020 | Jul 03, 2020 | ¥0.200 | 1.29% |
| 5 | Jul 16, 2019 | Jul 16, 2019 | Jul 16, 2019 | ¥0.0601 | 0.560% |
FAQ
Click here for our free guide on how to buy Risen Energy Co.,Ltd. Stock.
