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AI Analysis of 300136.SZ
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Shenzhen Sunway Communicatin Co Ltd stock downgraded from Sell Candidate to Strong Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 27, 2024 Gain 3.05% PDF

The Shenzhen Sunway Communicatin Co Ltd stock price gained 3.05% on the last trading day (Thursday, 28th Mar 2024), rising from ¥18.39 to ¥18.95. During the last trading day the stock fluctuated 9.08% from a day low at ¥18.39 to a day high of ¥20.06. The price has fallen in 7 of the last 10 days and is down by -8.45% for this period. Volume fell on the last day by -7 million shares and in total, 27 million shares were bought and sold for approximately ¥519.82 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 Shenzhen Sunway Communicatin Co Ltd stock with a 90% probability to be traded between ¥14.76 and ¥21.77 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.

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300136.SZ Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shenzhen Sunway Communicatin Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥20.17 and ¥19.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -13.23%. 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).

Support, Risk & Stop-loss for Shenzhen Sunway Communicatin Co Ltd stock

Shenzhen Sunway Communicatin Co Ltd finds support from accumulated volume at ¥18.47 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 ¥1.67 between high and low, or 9.08%. For the last week, the stock has had daily average volatility of 6.13%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (300136.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Shenzhen Sunway Communicatin Co Ltd to open at ¥19.13, and during the day (based on 14 day Average True Range), to move between ¥17.90 and ¥20.00, which gives a possible trading interval of +/-¥1.05 (+/-5.56%) up or down from last closing price. If Shenzhen Sunway Communicatin Co Ltd takes out the full calculated possible swing range there will be an estimated 11.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥18.47 (2.53%) than the resistance at ¥21.47 (13.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Shenzhen Sunway Communicatin Co Ltd stock A Buy?

Shenzhen Sunway Communicatin 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.163 Strong Sell Candidate Downgraded

Predicted Opening Price for Shenzhen Sunway Communicatin Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥19.13 ( 0.97%) ¥18.95

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 300136.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 20.80 9.78 %
R2 20.17 6.41 %
R1 19.77 4.33 %
Current price: 18.95
Support S1 18.50 -2.40 %
S2 18.10 -4.48 %
S3 17.46 -7.85 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 21.84 15.25 %
R2 21.61 14.04 %
R1 21.47 13.30 %
Current price 18.95
Support S1 18.47 -2.53%
S2 18.39 -2.96%
S3 17.94 -5.33%

300136 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 16, 2023 Jun 16, 2023 Jun 16, 2023 ¥0.0500 0.246%
2 Jun 28, 2022 Jun 28, 2022 Jun 28, 2022 ¥0.0500 0.297%
3 Jun 09, 2021 Jun 09, 2021 Jun 09, 2021 ¥0.100 0.352%
4 Jun 23, 2020 Jun 23, 2020 Jun 23, 2020 ¥0.0500 0.101%
5 Aug 01, 2018 Aug 01, 2018 Aug 01, 2018 ¥0.0800 0.235%

FAQ

What is the symbol for Shenzhen Sunway Communicatin Co Ltd Stock and on which exchange is it traded?
The symbol for Shenzhen Sunway Communicatin Co Ltd is 300136.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Shenzhen Sunway Communicatin Co Ltd Stock?
Shenzhen Sunway Communicatin 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

How to buy Shenzhen Sunway Communicatin Co Ltd Stock?
Shenzhen Sunway Communicatin Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Shenzhen Sunway Communicatin Co Ltd Stock.

What's the current price of Shenzhen Sunway Communicatin Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Shenzhen Sunway Communicatin Co Ltd (300136.SZ) share was ¥18.95.

What is the 52-week high and low for Shenzhen Sunway Communicatin Co Ltd Stock?
The 52-week high for Shenzhen Sunway Communicatin Co Ltd Stock is ¥28.09 and the 52-week low is ¥14.45.

What is the market capitalization of Shenzhen Sunway Communicatin Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Shenzhen Sunway Communicatin Co Ltd is 18.335B.
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About Shenzhen Sunway Communicatin Co Ltd

Shenzhen Sunway Communicatin Co Ltd Shenzhen Sunway Communication Co., Ltd. engages in the research, development, manufacture, and sale of antennas, wireless charging modules, soft magnetic materials, RF front-end components, cables and connectors, audio/RF modules, and EMC/EMI solutions. The company offers RF and wireless products, such as antennas, transmission lines, wireless charging products, spring contacts, and connectivity modules; precision metals, metals/plastics componen... 300136.SZ Profile

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