Kunshan Kinglai Hygienic Materials Co Stock Forecast
Volatile ride for Kunshan Kinglai Hygienic Materials Co stock price on Friday moving between ¥22.01 and ¥24.42
(Updated on May 17, 2024)
The Kunshan Kinglai Hygienic Materials Co stock price gained 3.38% on the last trading day (Friday, 17th May 2024), rising from ¥22.20 to ¥22.95. During the last trading day the stock fluctuated 10.95% from a day low at ¥22.01 to a day high of ¥24.42. The price has fallen in 7 of the last 10 days and is down by -6.52% for this period. 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, 7 million shares were bought and sold for approximately ¥171.74 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥22.16 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.49% during the next 3 months and, with a 90% probability hold a price between ¥20.50 and ¥26.75 at the end of this 3-month period.
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300260.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 3.38%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kunshan Kinglai Hygienic Materials Co stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥24.84. On a fall, the stock will find some support from the short-term average at ¥22.80. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Kunshan Kinglai Hygienic Materials Co stock
Kunshan Kinglai Hygienic Materials Co finds support from accumulated volume at ¥22.91 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 ¥2.41 between high and low, or 10.95%. For the last week, the stock has had daily average volatility of 10.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300260.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Kunshan Kinglai Hygienic Materials Co to open at ¥23.13, and during the day (based on 14 day Average True Range), to move between ¥21.15 and ¥24.75, which gives a possible trading interval of +/-¥1.80 (+/-7.84%) up or down from last closing price. If Kunshan Kinglai Hygienic Materials Co takes out the full calculated possible swing range there will be an estimated 15.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥22.91 (0.17%) than the resistance at ¥26.75 (16.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Kunshan Kinglai Hygienic Materials Co will release earnings BMO on Wednesday, May 22, 2024. We will update the financials statements for Kunshan Kinglai Hygienic Materials Co, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.61% in the first trading day after earnings release.
Is Kunshan Kinglai Hygienic Materials Co stock A Buy?
Kunshan Kinglai Hygienic Materials Co holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.043 Sell Candidate Unchanged
Predicted Opening Price for Kunshan Kinglai Hygienic Materials Co of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥23.13 ( 0.770%) | ¥22.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300260.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.54 | 11.27 % | |
| R2 | 24.62 | 7.26 % | ||
| R1 | 24.05 | 4.78 % | ||
| Current price: | 22.95 | |||
| Support | S1 | 22.21 | -3.24 % | |
| S2 | 21.64 | -5.72 % | ||
| S3 | 20.72 | -9.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.57 | 24.49 % | |
| R2 | 28.00 | 22.00 % | ||
| R1 | 26.75 | 16.56 % | ||
| Current price | 22.95 | |||
| Support | S1 | 22.91 | -0.174% | |
| S2 | 22.76 | -0.83% | ||
| S3 | 21.12 | -7.97% |
300260 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | ¥0.160 | 0.442% |
| 2 | Jul 08, 2022 | Jul 08, 2022 | Jul 08, 2022 | ¥0.0800 | 0.244% |
| 3 | Jun 18, 2021 | Jun 18, 2021 | Jun 18, 2021 | ¥0.0500 | 0.476% |
| 4 | Jun 24, 2020 | Jun 24, 2020 | Jun 24, 2020 | ¥0.100 | 0.95% |
| 5 | May 17, 2019 | May 17, 2019 | May 17, 2019 | ¥0.100 | 1.56% |
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