Shenzhen Refond Optoelectronics Co.,Ltd. Stock Forecast
Shenzhen Refond Optoelectronics Co.,Ltd. stock price ended at ¥3.91 on Thursday, after losing 0.761%.
(Updated on Jun 27, 2024)
The Shenzhen Refond Optoelectronics Co.,Ltd. stock price fell by -0.761% on the last day (Thursday, 27th Jun 2024) from ¥3.94 to ¥3.91. During the last trading day the stock fluctuated 4.10% from a day low at ¥3.90 to a day high of ¥4.06. The price has fallen in 6 of the last 10 days and is down by -3.69% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 17 million shares were bought and sold for approximately ¥66.48 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.48% during the next 3 months and, with a 90% probability hold a price between ¥3.61 and ¥5.00 at the end of this 3-month period.
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300241.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shenzhen Refond Optoelectronics 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 ¥3.98 and ¥4.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -7.13%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Shenzhen Refond Optoelectronics Co.,Ltd. stock
Shenzhen Refond Optoelectronics Co.,Ltd. finds support from accumulated volume at ¥3.83 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 ¥0.160 between high and low, or 4.10%. For the last week, the stock has had daily average volatility of 7.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300241.SZ) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Shenzhen Refond Optoelectronics Co.,Ltd. to open at ¥3.96, and during the day (based on 14 day Average True Range), to move between ¥3.62 and ¥4.20, which gives a possible trading interval of +/-¥0.286 (+/-7.31%) up or down from last closing price. If Shenzhen Refond Optoelectronics Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 14.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.83 (2.05%) than the resistance at ¥4.10 (4.86%), 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 Refond Optoelectronics Co.,Ltd. stock A Buy?
The Shenzhen Refond Optoelectronics Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Shenzhen Refond Optoelectronics Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.456 Sell Candidate Unchanged
Predicted Opening Price for Shenzhen Refond Optoelectronics Co.,Ltd. of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
¥3.96 ( 1.19%) | ¥3.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300241.SZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.12 | 5.29% |
R2 | 4.06 | 3.72% |
R1 | 4.02 | 2.76% |
Price | 3.91 | |
S1 | 3.90 | -0.370% |
S2 | 3.86 | -1.34% |
S3 | 3.80 | -2.90% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.51 | 15.35% |
R2 | 4.46 | 14.07% |
R1 | 4.10 | 4.86% |
Price | 3.91 | |
S1 | 3.83 | -2.05% |
S2 | 3.61 | -7.67% |
S3 | 3.36 | -14.07% |
300241 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | ¥0.0100 | 0.198% |
2 | Jul 01, 2022 | Jul 01, 2022 | Jul 01, 2022 | ¥0.0200 | 0.353% |
3 | Jun 26, 2019 | Jun 26, 2019 | Jun 26, 2019 | ¥0.0100 | 0.170% |
4 | May 15, 2018 | May 15, 2018 | May 15, 2018 | ¥0.0501 | 0.547% |
5 | May 25, 2017 | May 25, 2017 | May 25, 2017 | ¥0.0100 | 0.180% |
FAQ
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