Anhui Tatfook Technology Co.,Ltd Stock Forecast
Anhui Tatfook Technology Co.,Ltd stock price ended at ¥7.28 on Tuesday, after gaining 3.26%.
(Updated on Jun 18, 2024)
The Anhui Tatfook Technology Co.,Ltd stock price gained 3.26% on the last trading day (Tuesday, 18th Jun 2024), rising from ¥7.05 to ¥7.28. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 5.81% from a day low at ¥6.89 to a day high of ¥7.29. The price has risen in 7 of the last 10 days and is up by 1.39% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately ¥54.58 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ¥7.23, a level that may pose a second chance to hit a runner. According to fan-theory ¥9.21 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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300134.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Anhui Tatfook 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 ¥7.51. On a fall, the stock will find some support from the short-term average at ¥6.94. 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, May 07, 2024, and so far it has fallen -12.08%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Anhui Tatfook Technology Co.,Ltd stock
Anhui Tatfook Technology Co.,Ltd finds support from accumulated volume at ¥7.17 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 ¥0.400 between high and low, or 5.81%. For the last week, the stock has had daily average volatility of 5.86%.
Since the Anhui Tatfook Technology Co.,Ltd has been rising for 7 days in a row, the risk over the next couple of days has increased.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300134.SZ) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Anhui Tatfook Technology Co.,Ltd to open at ¥7.15, and during the day (based on 14 day Average True Range), to move between ¥6.80 and ¥7.76, which gives a possible trading interval of +/-¥0.481 (+/-6.60%) up or down from last closing price. If Anhui Tatfook Technology Co.,Ltd takes out the full calculated possible swing range there will be an estimated 13.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥7.29 (0.14%) than the support at ¥7.17 (1.51%), 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 Anhui Tatfook Technology Co.,Ltd stock A Buy?
Anhui Tatfook 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: -2.101 Sell Candidate Unchanged
Predicted Opening Price for Anhui Tatfook Technology Co.,Ltd of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| ¥7.15 ( 1.74%) | ¥7.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300134.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.55 | 3.75% |
| R2 | 7.40 | 1.66% |
| R1 | 7.31 | 0.359% |
| Price | 7.28 | |
| S1 | 7.00 | -3.84% |
| S2 | 6.91 | -5.14% |
| S3 | 6.75 | -7.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.92 | 22.53% |
| R2 | 7.76 | 6.59% |
| R1 | 7.29 | 0.137% |
| Price | 7.28 | |
| S1 | 7.17 | -1.51% |
| S2 | 7.14 | -1.92% |
| S3 | 6.74 | -7.42% |
300134 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 28, 2016 | Nov 28, 2016 | Nov 28, 2016 | ¥0.170 | 0.568% |
| 2 | May 06, 2016 | May 06, 2016 | May 06, 2016 | ¥0.200 | 0.83% |
| 3 | Apr 08, 2015 | Apr 08, 2015 | Apr 08, 2015 | ¥0.235 | 0.633% |
| 4 | Aug 21, 2014 | Aug 21, 2014 | Aug 21, 2014 | ¥0.204 | 0.87% |
| 5 | Sep 05, 2011 | Sep 05, 2011 | Sep 05, 2011 | ¥0.147 | 1.10% |
FAQ
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