Sinosun Technology Co Ltd Stock Forecast
Sinosun Technology Co Ltd stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The Sinosun Technology Co Ltd stock price gained 2.75% on the last trading day (Friday, 17th May 2024), rising from ¥4.73 to ¥4.86. During the last trading day the stock fluctuated 4.06% from a day low at ¥4.68 to a day high of ¥4.87. The price has been going up and down for this period, and there has been a -0.21% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 443 thousand more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately ¥41.79 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 -10.27% during the next 3 months and, with a 90% probability hold a price between ¥3.19 and ¥4.86 at the end of this 3-month period.
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300333.SZ Signals & Forecast
The Sinosun Technology Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥4.67 and ¥4.82. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.42%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Sinosun Technology Co Ltd stock
Sinosun Technology Co Ltd finds support from accumulated volume at ¥4.85 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 ¥0.190 between high and low, or 4.06%. For the last week, the stock has had daily average volatility of 6.80%.
Our recommended stop-loss: ¥4.66 (-4.08%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (300333.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Sinosun Technology Co Ltd to open at ¥4.80, and during the day (based on 14 day Average True Range), to move between ¥4.49 and ¥5.23, which gives a possible trading interval of +/-¥0.372 (+/-7.65%) 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 15.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.85 (0.21%) than the resistance at ¥5.10 (4.94%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.424 Buy Candidate Upgraded
Predicted Opening Price for Sinosun Technology Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥4.80 ( 1.17%) | ¥4.86 |
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 | 4.99 | 2.74 % | |
| R2 | 4.92 | 1.25 % | ||
| R1 | 4.88 | 0.327 % | ||
| Current price: | 4.86 | |||
| Support | S1 | 4.73 | -2.66 % | |
| S2 | 4.69 | -3.58 % | ||
| S3 | 4.61 | -5.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.79 | 19.14 % | |
| R2 | 5.28 | 8.64 % | ||
| R1 | 5.10 | 4.94 % | ||
| Current price | 4.86 | |||
| Support | S1 | 4.85 | -0.206% | |
| S2 | 4.60 | -5.35% | ||
| S3 | 4.17 | -14.20% |
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
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