Dian Diagnostics Group Co Ltd Stock Forecast
Dian Diagnostics Group Co Ltd stock downgraded from Sell Candidate to Strong Sell Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Dian Diagnostics Group Co Ltd stock price fell by -3.95% on the last day (Tuesday, 30th Apr 2024) from ¥14.68 to ¥14.10. During the last trading day the stock fluctuated 5.29% from a day low at ¥13.98 to a day high of ¥14.72. The price has fallen in 6 of the last 10 days and is down by -3.03% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 22 million shares were bought and sold for approximately ¥309.78 million.
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 -23.03% during the next 3 months and, with a 90% probability hold a price between ¥8.75 and ¥12.82 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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300244.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 Dian Diagnostics Group 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 ¥14.29 and ¥16.70. 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 04, 2024, and so far it has fallen -29.50%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Dian Diagnostics Group Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ¥0.740 between high and low, or 5.29%. For the last week, the stock has had daily average volatility of 4.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300244.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Dian Diagnostics Group Co Ltd to open at ¥14.27, and during the day (based on 14 day Average True Range), to move between ¥13.24 and ¥14.96, which gives a possible trading interval of +/-¥0.86 (+/-6.13%) up or down from last closing price. If Dian Diagnostics Group Co Ltd takes out the full calculated possible swing range there will be an estimated 12.27% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ¥14.13, some ¥0.0300 (0.21%) from the current price of ¥14.10, our system finds the risk reward not very attractive.
Is Dian Diagnostics Group Co Ltd stock A Buy?
Dian Diagnostics Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.839 Strong Sell Candidate Downgraded
Predicted Opening Price for Dian Diagnostics Group Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥14.27 ( 1.18%) | ¥14.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300244.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.01 | 6.43 % | |
| R2 | 14.72 | 4.43 % | ||
| R1 | 14.55 | 3.19 % | ||
| Current price: | 14.10 | |||
| Support | S1 | 13.98 | -0.82 % | |
| S2 | 13.81 | -2.06 % | ||
| S3 | 13.53 | -4.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.42 | 23.55 % | |
| R2 | 14.68 | 4.11 % | ||
| R1 | 14.13 | 0.213 % | ||
| Current price | 14.10 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
300244 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2023 | May 31, 2023 | May 31, 2023 | ¥0.200 | 0.783% |
| 2 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | ¥0.135 | 0.460% |
| 3 | Jun 24, 2021 | Jun 24, 2021 | Jun 24, 2021 | ¥0.130 | 0.353% |
| 4 | Jul 27, 2020 | Jul 27, 2020 | Jul 27, 2020 | ¥0.128 | 0.354% |
| 5 | Jun 27, 2019 | Jun 27, 2019 | Jun 27, 2019 | ¥0.0250 | 0.144% |
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