Sunwoda Electronic Co Ltd Stock Forecast
A very strong day for Sunwoda Electronic Co Ltd stock price on Friday
(Updated on Apr 26, 2024)
The Sunwoda Electronic Co Ltd stock price gained 9.20% on the last trading day (Friday, 26th Apr 2024), rising from ¥13.69 to ¥14.95. During the last trading day the stock fluctuated 7.71% from a day low at ¥14.00 to a day high of ¥15.08. The price has fallen in 6 of the last 10 days but is still up by 7.94% 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, 65 million more shares were traded than the day before. In total, 87 million shares were bought and sold for approximately ¥1.30 billion.
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 ¥15.33 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.21% during the next 3 months and, with a 90% probability hold a price between ¥14.27 and ¥17.04 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300207.SZ Signals & Forecast
The Sunwoda Electronic Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥13.85 and ¥14.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 11.48%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sunwoda Electronic Co Ltd stock
Sunwoda Electronic Co Ltd finds support from accumulated volume at ¥14.63 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 ¥1.08 between high and low, or 7.71%. For the last week, the stock has had daily average volatility of 6.27%.
Our recommended stop-loss: ¥14.38 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (300207.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Sunwoda Electronic Co Ltd to open at ¥14.68, and during the day (based on 14 day Average True Range), to move between ¥14.24 and ¥15.66, which gives a possible trading interval of +/-¥0.711 (+/-4.76%) up or down from last closing price. If Sunwoda Electronic Co Ltd takes out the full calculated possible swing range there will be an estimated 9.52% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥14.63, some ¥0.320 (2.14%) from the current price of ¥14.95, our system finds the risk reward attractive.
Is Sunwoda Electronic 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 Sunwoda Electronic Co Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.833 Buy Candidate Upgraded
Predicted Opening Price for Sunwoda Electronic Co Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥14.68 ( 1.83%) | ¥14.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300207.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.76 | 5.40 % | |
| R2 | 15.34 | 2.64 % | ||
| R1 | 15.09 | 0.93 % | ||
| Current price: | 14.95 | |||
| Support | S1 | 14.26 | -4.59 % | |
| S2 | 14.01 | -6.29 % | ||
| S3 | 13.60 | -9.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 14.95 | |||
| Support | S1 | 14.63 | -2.14% | |
| S2 | 14.61 | -2.27% | ||
| S3 | 14.19 | -5.08% |
300207 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | ¥0.0800 | 0.514% |
| 2 | Jul 08, 2022 | Jul 08, 2022 | Jul 08, 2022 | ¥0.0700 | 0.227% |
| 3 | Jun 04, 2021 | Jun 04, 2021 | Jun 04, 2021 | ¥0.0701 | 0.202% |
| 4 | May 29, 2020 | May 29, 2020 | May 29, 2020 | ¥0.0700 | 0.492% |
| 5 | Jun 25, 2019 | Jun 25, 2019 | Jun 25, 2019 | ¥0.130 | 1.16% |
FAQ
Click here for our free guide on how to buy Sunwoda Electronic Co Ltd Stock.
