Sino Wealth Electronic Ltd. Stock Forecast
Volatile ride for Sino Wealth Electronic Ltd. stock price on Wednesday moving between ¥19.00 and ¥21.20
(Updated on Jun 26, 2024)
The Sino Wealth Electronic Ltd. stock price gained 4.65% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥19.14 to ¥20.03. During the last trading day the stock fluctuated 11.58% from a day low at ¥19.00 to a day high of ¥21.20. The price has fallen in 8 of the last 10 days and is down by -7.61% for this period. Volume fell on the last day by -2 million shares and in total, 10 million shares were bought and sold for approximately ¥193.46 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥19.19 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.81% during the next 3 months and, with a 90% probability hold a price between ¥22.04 and ¥28.10 at the end of this 3-month period.
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300327.SZ Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sino Wealth Electronic 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 ¥20.76 and ¥21.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -14.37%. 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).
Support, Risk & Stop-loss for Sino Wealth Electronic Ltd. stock
Sino Wealth Electronic Ltd. finds support from accumulated volume at ¥19.87 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 ¥2.20 between high and low, or 11.58%. For the last week, the stock has had daily average volatility of 7.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300327.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Sino Wealth Electronic Ltd. to open at ¥20.08, and during the day (based on 14 day Average True Range), to move between ¥18.60 and ¥21.46, which gives a possible trading interval of +/-¥1.43 (+/-7.14%) up or down from last closing price. If Sino Wealth Electronic Ltd. takes out the full calculated possible swing range there will be an estimated 14.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥19.87 (0.80%) than the resistance at ¥21.05 (5.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sino Wealth Electronic Ltd. stock A Buy?
The Sino Wealth Electronic Ltd. stock holds several negative signals and despite the positive trend, we believe Sino Wealth Electronic Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.965 Sell Candidate Unchanged
Predicted Opening Price for Sino Wealth Electronic Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥20.08 ( 0.233%) | ¥20.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300327.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.28 | 11.22% |
| R2 | 21.44 | 7.02% |
| R1 | 20.92 | 4.43% |
| Price | 20.03 | |
| S1 | 19.24 | -3.96% |
| S2 | 18.72 | -6.55% |
| S3 | 17.88 | -10.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.70 | 13.33% |
| R2 | 21.68 | 8.24% |
| R1 | 21.05 | 5.09% |
| Price | 20.03 | |
| S1 | 19.87 | -0.799% |
| S2 | 19.62 | -2.05% |
| S3 | 19.30 | -3.64% |
300327 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jun 28, 2024 | ¥0.200 | 1.00% |
| 2 | Jul 11, 2023 | Jul 11, 2023 | Jul 11, 2023 | ¥0.400 | 1.37% |
| 3 | May 31, 2022 | May 31, 2022 | May 31, 2022 | ¥0.480 | 0.87% |
| 4 | Jul 08, 2021 | Jul 08, 2021 | Jul 08, 2021 | ¥0.396 | 0.628% |
| 5 | Jun 02, 2020 | Jun 02, 2020 | Jun 02, 2020 | ¥0.361 | 1.32% |
FAQ
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