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¥5.05 (2.23%)

Volume: 7.976M

Closed: Sep 30, 2022

Hollow Logo Score: -0.071

Shenzhen Dvision Co Ltd Stock Forecast

¥5.05 (2.23%)

Volume: 7.976M

Closed: Sep 30, 2022

Score Hollow Logo -0.071
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] RSI14 is 41 and the stock is currently not being overbought or oversold
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Shenzhen Dvision Co Ltd stock upgraded to Hold/Accumulate.
(Updated on Sep 30, 2022)

Hold candidate since 2022-09-30 PDF

The Shenzhen Dvision Co Ltd stock price gained 2.23% on the last trading day (Friday, 30th Sep 2022), rising from ¥4.94 to ¥5.05. During the last trading day the stock fluctuated 5.10% from a day low at ¥4.90 to a day high of ¥5.15. The price has been going up and down for this period, and there has been a -4.54% loss for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 8 million shares were bought and sold for approximately ¥40.28 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 lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥4.95 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.22% during the next 3 months and, with a 90% probability hold a price between ¥5.25 and ¥6.99 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, September 29, 2022, and so far it has risen 2.23%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Dvision 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 ¥5.15 and ¥5.67. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss

Shenzhen Dvision Co Ltd finds support from accumulated volume at ¥5.04 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 ¥0.25 between high and low, or 5.10%. For the last week, the stock has had daily average volatility of 4.33%.

Our recommended stop-loss: ¥4.81 (-4.83%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 days ago.)

Trading Expectations For The Upcoming Trading Day Of Saturday 8th

For the upcoming trading day on Saturday, 8th we expect Shenzhen Dvision Co Ltd to open at ¥5.03, and during the day (based on 14 day Average True Range), to move between ¥4.78 and ¥5.32, which gives a possible trading interval of +/-¥0.27 (+/-5.43%) up or down from last closing price. If Shenzhen Dvision Co Ltd takes out the full calculated possible swing range there will be an estimated 10.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥5.04 (0.20%) than the resistance at ¥5.77 (14.26%), 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 Dvision Co Ltd stock A Buy?

Shenzhen Dvision Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.071

Hold/Accumulate Upgraded

Predicted Opening Price for Shenzhen Dvision Co Ltd of Saturday, October 8, 2022

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

Fair opening price October 8, 2022 Current price
¥5.03 ¥5.05 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 5.28 4.62 %
5.19 2.73 %
5.13 1.56 %
Current price: 5.05
Support 4.94 -2.22 %
4.88 -3.39 %
4.78 -5.28 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 5.97 18.22 %
5.83 15.45 %
5.77 14.26 %
Current price 5.05
Support 5.04 -0.20%
4.97 -1.58%
4.94 -2.18%

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About Shenzhen Dvision Co Ltd

Shenzhen Dvision Co Ltd China Vanke Co., Ltd., together with its subsidiaries, engages in the development and sale of properties in the Mainland China, Hong Kong, and internationally. The company operates through Property Development and Property Management segments. It develops residential buildings, commercial offices, and other ancillary facilities. The company also provides property management and related services to purchasers and tenants of its own developed resid... 300167.SZ Profile

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