Changshu Tianyin Electromechanical Stock Forecast
Changshu Tianyin Electromechanical stock price down 0.712% on Monday
(Updated on Jun 17, 2024)
The Changshu Tianyin Electromechanical stock price fell by -0.712% on the last day (Monday, 17th Jun 2024) from ¥15.45 to ¥15.34. During the last trading day the stock fluctuated 5.92% from a day low at ¥15.20 to a day high of ¥16.10. The price has fallen in 6 of the last 10 days and is down by -13.87% for this period. Volume has increased on the last day by 11 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, 47 million shares were bought and sold for approximately ¥722.71 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 9.32% during the next 3 months and, with a 90% probability hold a price between ¥13.64 and ¥19.76 at the end of this 3-month period.
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300342.SZ Signals & Forecast
The Changshu Tianyin Electromechanical stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥15.20 and ¥14.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 6.53%. 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. 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 Changshu Tianyin Electromechanical stock
Changshu Tianyin Electromechanical finds support from accumulated volume at ¥14.84 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 ¥0.90 between high and low, or 5.92%. For the last week, the stock has had daily average volatility of 6.37%.
Our recommended stop-loss: ¥14.81 (-3.45%) (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 (300342.SZ) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Changshu Tianyin Electromechanical Co.,Ltd to open at ¥15.55, and during the day (based on 14 day Average True Range), to move between ¥13.92 and ¥16.76, which gives a possible trading interval of +/-¥1.42 (+/-9.25%) up or down from last closing price. If Changshu Tianyin Electromechanical Co.,Ltd takes out the full calculated possible swing range there will be an estimated 18.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥14.84 (3.26%) than the resistance at ¥16.92 (10.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Changshu Tianyin Electromechanical Co.,Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Changshu Tianyin Electromechanical stock to perform well in the short-term.
Current score: 3.301 Buy Candidate Unchanged
Predicted Opening Price for Changshu Tianyin Electromechanical Co.,Ltd of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ¥15.55 ( 1.35%) | ¥15.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300342.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.45 | 7.21% |
| R2 | 16.10 | 4.97% |
| R1 | 15.89 | 3.59% |
| Price | 15.34 | |
| S1 | 15.20 | -0.89% |
| S2 | 14.99 | -2.28% |
| S3 | 14.65 | -4.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.81 | 16.10% |
| R2 | 17.06 | 11.21% |
| R1 | 16.92 | 10.30% |
| Price | 15.34 | |
| S1 | 14.84 | -3.26% |
| S2 | 14.62 | -4.69% |
| S3 | 13.79 | -10.10% |
300342 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | May 21, 2024 | May 21, 2024 | ¥0.100 | 0.707% |
| 2 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.100 | 1.10% |
| 3 | May 25, 2021 | May 25, 2021 | May 25, 2021 | ¥0.150 | 1.38% |
| 4 | May 18, 2020 | May 18, 2020 | May 18, 2020 | ¥0.150 | 0.702% |
| 5 | Jul 05, 2019 | Jul 05, 2019 | Jul 05, 2019 | ¥0.150 | 1.52% |
FAQ
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