Shanghai Tofflon Science & Techgy Co Ltd Stock Forecast
Red day on Friday for Shanghai Tofflon Science & Techgy Co Ltd
(Updated on Mar 29, 2024)
No changes to the price of Shanghai Tofflon Science & Techgy Co Ltd stock on the last trading day (Friday, 29th Mar 2024). During the last trading day the stock fluctuated 2.87% from a day low at ¥14.29 to a day high of ¥14.70. The price has fallen in 6 of the last 10 days and is down by -9.32% for this period.
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 -7.25% during the next 3 months and, with a 90% probability hold a price between ¥11.16 and ¥14.92 at the end of this 3-month period.
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300171.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Shanghai Tofflon Science & Techgy 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 ¥14.91 and ¥15.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -10.93%. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Shanghai Tofflon Science & Techgy Co Ltd stock
Shanghai Tofflon Science & Techgy Co Ltd finds support from accumulated volume at ¥14.20 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 ¥0.410 between high and low, or 2.87%. For the last week, the stock has had daily average volatility of 3.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300171.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shanghai Tofflon Science & Techgy Co Ltd to open at ¥14.50, and during the day (based on 14 day Average True Range), to move between ¥13.97 and ¥15.03, which gives a possible trading interval of +/-¥0.529 (+/-3.64%) up or down from last closing price. If Shanghai Tofflon Science & Techgy Co Ltd takes out the full calculated possible swing range there will be an estimated 7.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥14.20 (2.07%) than the resistance at ¥15.07 (3.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shanghai Tofflon Science & Techgy Co Ltd stock A Buy?
Shanghai Tofflon Science & Techgy 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: -4.162 Sell Candidate Unchanged
Predicted Opening Price for Shanghai Tofflon Science & Techgy Co Ltd of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
¥14.50 ( 0.0230%) | ¥14.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300171.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.91 | 2.80 % | |
R2 | 14.75 | 1.72 % | ||
R1 | 14.65 | 1.06 % | ||
Current price: | 14.50 | |||
Support | S1 | 14.34 | -1.10 % | |
S2 | 14.24 | -1.77 % | ||
S3 | 14.09 | -2.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.12 | 11.17 % | |
R2 | 15.99 | 10.28 % | ||
R1 | 15.07 | 3.93 % | ||
Current price | 14.50 | |||
Support | S1 | 14.20 | -2.07% | |
S2 | 13.11 | -9.59% | ||
S3 | 12.78 | -11.86% |
300171 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ¥0.328 | 1.46% |
2 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | ¥0.386 | 1.25% |
3 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | ¥0.220 | 0.657% |
4 | Jun 04, 2020 | Jun 04, 2020 | Jun 04, 2020 | ¥0.0700 | 0.495% |
5 | Jun 13, 2019 | Jun 13, 2019 | Jun 13, 2019 | ¥0.0400 | 0.472% |
FAQ
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