Jiangsu Yuxing Film Technology Co Ltd Stock Forecast
Jiangsu Yuxing Film Technology Co Ltd stock price up 1.43% on Thursday
(Updated on Apr 25, 2024)
The Jiangsu Yuxing Film Technology Co Ltd stock price gained 1.43% on the last trading day (Thursday, 25th Apr 2024), rising from ¥6.30 to ¥6.39. It has now gained 3 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 4.82% from a day low at ¥6.22 to a day high of ¥6.52. The price has fallen in 6 of the last 10 days and is down by -9.23% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 244 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately ¥14.68 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 2.22% during the next 3 months and, with a 90% probability hold a price between ¥5.34 and ¥7.76 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.
300305.SZ Signals & Forecast
There are mixed signals in the stock today. The Jiangsu Yuxing Film Technology Co Ltd 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 ¥6.91. On a fall, the stock will find some support from the short-term average at ¥6.24. 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. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -15.36%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell 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.
Support, Risk & Stop-loss for Jiangsu Yuxing Film Technology Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥5.81 and ¥5.47. 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, Jiangsu Yuxing Film Technology Co Ltd finds support just below today's level at ¥5.81. If this is broken, then the next support from accumulated volume will be at ¥5.47 and ¥5.44.
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 ¥0.300 between high and low, or 4.82%. For the last week, the stock has had daily average volatility of 6.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300305.SZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Jiangsu Yuxing Film Technology Co Ltd to open at ¥6.38, and during the day (based on 14 day Average True Range), to move between ¥5.86 and ¥6.92, which gives a possible trading interval of +/-¥0.533 (+/-8.34%) up or down from last closing price. If Jiangsu Yuxing Film Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 16.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥6.45 (0.94%) than the support at ¥5.81 (9.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Jiangsu Yuxing Film Technology Co Ltd stock A Buy?
Jiangsu Yuxing Film Technology Co Ltd 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: -1.432 Sell Candidate Unchanged
Predicted Opening Price for Jiangsu Yuxing Film Technology Co Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ¥6.38 ( 0.209%) | ¥6.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300305.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.68 | 4.49 % | |
| R2 | 6.56 | 2.69 % | ||
| R1 | 6.49 | 1.58 % | ||
| Current price: | 6.39 | |||
| Support | S1 | 6.26 | -2.00 % | |
| S2 | 6.19 | -3.11 % | ||
| S3 | 6.08 | -4.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.97 | 9.08 % | |
| R2 | 6.92 | 8.29 % | ||
| R1 | 6.45 | 0.94 % | ||
| Current price | 6.39 | |||
| Support | S1 | 5.81 | -9.08% | |
| S2 | 5.47 | -14.40% | ||
| S3 | 5.44 | -14.87% |
300305 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2023 | May 24, 2023 | May 24, 2023 | ¥0.118 | 1.07% |
| 2 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | ¥0.270 | 1.76% |
| 3 | May 26, 2021 | May 26, 2021 | May 26, 2021 | ¥0.163 | 1.56% |
| 4 | Jun 05, 2020 | Jun 05, 2020 | Jun 05, 2020 | ¥0.104 | 0.96% |
| 5 | Jun 11, 2019 | Jun 11, 2019 | Jun 11, 2019 | ¥0.0652 | 0.725% |
FAQ
Click here for our free guide on how to buy Jiangsu Yuxing Film Technology Co Ltd Stock.
