Sinosun Technology Co Ltd Stock Forecast
Stronger technical forecast for Sinosun Technology Co Ltd stock price after Tuesday trading.
(Updated on Apr 30, 2024)
The Sinosun Technology Co Ltd stock price fell by -1.22% on the last day (Tuesday, 30th Apr 2024) from ¥4.93 to ¥4.87. During the last trading day the stock fluctuated 8.48% from a day low at ¥4.60 to a day high of ¥4.99. The price has risen in 6 of the last 10 days and is up by 29.52% over the past 2 weeks. Volume has increased on the last day by 1 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, 9 million shares were bought and sold for approximately ¥44.35 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sinosun Technology Co Ltd stock with a 90% probability to be traded between ¥3.70 and ¥5.93 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300333.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 29.52%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sinosun 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 ¥5.05. On a fall, the stock will find some support from the short-term average at ¥4.59. 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. 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 Sinosun Technology Co Ltd stock
Sinosun Technology Co Ltd finds support from accumulated volume at ¥4.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ¥0.390 between high and low, or 8.48%. For the last week, the stock has had daily average volatility of 10.65%.
Our recommended stop-loss: ¥4.72 (-3.02%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (300333.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Sinosun Technology Co Ltd to open at ¥4.82, and during the day (based on 14 day Average True Range), to move between ¥4.37 and ¥5.37, which gives a possible trading interval of +/-¥0.504 (+/-10.35%) up or down from last closing price. If Sinosun Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 20.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.86 (0.21%) than the resistance at ¥5.10 (4.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sinosun Technology Co Ltd stock A Buy?
Sinosun Technology Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.278 Hold/Accumulate Upgraded
Predicted Opening Price for Sinosun Technology Co Ltd of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
¥4.82 ( 1.03%) | ¥4.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300333.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.21 | 6.98 % | |
R2 | 5.06 | 3.92 % | ||
R1 | 4.97 | 2.03 % | ||
Current price: | 4.87 | |||
Support | S1 | 4.67 | -4.09 % | |
S2 | 4.58 | -5.98 % | ||
S3 | 4.43 | -9.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.79 | 18.89 % | |
R2 | 5.28 | 8.42 % | ||
R1 | 5.10 | 4.72 % | ||
Current price | 4.87 | |||
Support | S1 | 4.86 | -0.205% | |
S2 | 4.10 | -15.81% | ||
S3 | 3.86 | -20.74% |
300333 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 27, 2020 | May 27, 2020 | May 27, 2020 | ¥0.0600 | 0.699% |
2 | May 31, 2019 | May 31, 2019 | May 31, 2019 | ¥0.0600 | 0.551% |
3 | May 25, 2018 | May 25, 2018 | May 25, 2018 | ¥0.120 | 1.16% |
4 | Jun 05, 2017 | Jun 05, 2017 | Jun 05, 2017 | ¥0.0450 | 0.386% |
5 | May 30, 2016 | May 30, 2016 | May 30, 2016 | ¥0.0450 | 0.213% |
FAQ
Click here for our free guide on how to buy Sinosun Technology Co Ltd Stock.