Shenzhen Jasic Technology Co Ltd Stock Forecast
Shenzhen Jasic Technology Co Ltd stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on May 07, 2024)
The Shenzhen Jasic Technology Co Ltd stock price gained 0.117% on the last trading day (Tuesday, 7th May 2024), rising from ¥8.52 to ¥8.53. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.11% from a day low at ¥8.19 to a day high of ¥8.69. The price has risen in 7 of the last 10 days and is up by 4.92% 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, 2 million more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately ¥109.00 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ¥8.69 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 26.98% during the next 3 months and, with a 90% probability hold a price between ¥9.84 and ¥11.03 at the end of this 3-month period.
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300193.SZ Signals & Forecast
Mostly positive signals in the chart today. The Shenzhen Jasic Technology Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥8.30 and ¥7.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 16.21%. 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 is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Friday, July 28, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, July 28, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Shenzhen Jasic Technology Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥8.05 and ¥7.81. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Shenzhen Jasic Technology Co Ltd finds support just below today's level at ¥8.05. If this is broken, then the next support from accumulated volume will be at ¥7.81 and ¥7.09.
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 ¥0.500 between high and low, or 6.11%. For the last week, the stock has had daily average volatility of 3.48%.
Our recommended stop-loss: ¥8.22 (-3.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (300193.SZ) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Shenzhen Jasic Technology Co Ltd to open at ¥8.47, and during the day (based on 14 day Average True Range), to move between ¥8.23 and ¥8.83, which gives a possible trading interval of +/-¥0.304 (+/-3.56%) up or down from last closing price. If Shenzhen Jasic Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 7.12% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥8.05, some ¥0.480 (5.63%) from the current price of ¥8.53, our system finds the risk reward attractive.
Is Shenzhen Jasic Technology Co Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shenzhen Jasic Technology Co Ltd stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.447 Buy Candidate Downgraded
Predicted Opening Price for Shenzhen Jasic Technology Co Ltd of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| ¥8.47 ( 0.703%) | ¥8.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300193.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.97 | 5.16 % | |
| R2 | 8.78 | 2.92 % | ||
| R1 | 8.66 | 1.54 % | ||
| Current price: | 8.53 | |||
| Support | S1 | 8.28 | -2.94 % | |
| S2 | 8.16 | -4.33 % | ||
| S3 | 7.97 | -6.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 8.53 | |||
| Support | S1 | 8.05 | -5.63% | |
| S2 | 7.81 | -8.44% | ||
| S3 | 7.09 | -16.88% |
300193 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | ¥0.100 | 1.39% |
| 2 | Jul 12, 2022 | Jul 12, 2022 | Jul 12, 2022 | ¥0.500 | 6.11% |
| 3 | Jun 03, 2021 | Jun 03, 2021 | Jun 03, 2021 | ¥0.500 | 3.91% |
| 4 | Mar 31, 2020 | Mar 31, 2020 | Mar 31, 2020 | ¥0.500 | 6.93% |
| 5 | Apr 23, 2019 | Apr 23, 2019 | Apr 23, 2019 | ¥0.200 | 2.52% |
FAQ
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