Yangzhou Yangjie Electrnc Tchnlgy Co Ltd Stock Forecast
Yangzhou Yangjie Electrnc Tchnlgy Co Ltd stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 10, 2024)
The Yangzhou Yangjie Electrnc Tchnlgy Co Ltd stock price fell by -2.22% on the last day (Friday, 10th May 2024) from ¥39.25 to ¥38.38. During the last trading day the stock fluctuated 7.64% from a day low at ¥36.79 to a day high of ¥39.60. The price has been going up and down for this period, and there has been a 6.46% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 11 million shares were bought and sold for approximately ¥421.29 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥39.17 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.84% during the next 3 months and, with a 90% probability hold a price between ¥30.34 and ¥35.32 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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300373.SZ Signals & Forecast
The Yangzhou Yangjie Electrnc Tchnlgy Co Ltd 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 ¥38.04 and ¥37.48. 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). 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 Thursday, May 09, 2024, and so far it has fallen -2.22%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Yangzhou Yangjie Electrnc Tchnlgy Co Ltd stock
Yangzhou Yangjie Electrnc Tchnlgy Co Ltd finds support from accumulated volume at ¥38.15 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 ¥2.81 between high and low, or 7.64%. For the last week, the stock has had daily average volatility of 4.47%.
Our recommended stop-loss: ¥36.62 (-4.58%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (300373.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Yangzhou Yangjie Electrnc Tchnlgy Co Ltd to open at ¥38.26, and during the day (based on 14 day Average True Range), to move between ¥36.72 and ¥40.04, which gives a possible trading interval of +/-¥1.66 (+/-4.33%) up or down from last closing price. If Yangzhou Yangjie Electrnc Tchnlgy Co Ltd takes out the full calculated possible swing range there will be an estimated 8.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥38.15 (0.60%) than the resistance at ¥40.74 (6.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Yangzhou Yangjie Electrnc Tchnlgy Co Ltd will release earnings BMO on Friday, May 17, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.300. We will update the financials statements for Yangzhou Yangjie Electrnc Tchnlgy Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.82% in the first trading day after earnings release.
Is Yangzhou Yangjie Electrnc Tchnlgy Co Ltd stock A Buy?
Yangzhou Yangjie Electrnc Tchnlgy 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.838 Hold/Accumulate Downgraded
Predicted Opening Price for Yangzhou Yangjie Electrnc Tchnlgy Co Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ¥38.26 ( 0.321%) | ¥38.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300373.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.07 | 7.00 % | |
| R2 | 39.99 | 4.20 % | ||
| R1 | 39.33 | 2.48 % | ||
| Current price: | 38.38 | |||
| Support | S1 | 37.18 | -3.12 % | |
| S2 | 36.52 | -4.85 % | ||
| S3 | 35.45 | -7.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.58 | 8.34 % | |
| R2 | 41.00 | 6.83 % | ||
| R1 | 40.74 | 6.15 % | ||
| Current price | 38.38 | |||
| Support | S1 | 38.15 | -0.599% | |
| S2 | 38.11 | -0.703% | ||
| S3 | 37.67 | -1.85% |
300373 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | ¥0.500 | 1.21% |
| 2 | May 26, 2022 | May 26, 2022 | May 26, 2022 | ¥0.220 | 0.295% |
| 3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.150 | 0.340% |
| 4 | May 21, 2020 | May 21, 2020 | May 21, 2020 | ¥0.0880 | 0.337% |
| 5 | Sep 20, 2019 | Sep 20, 2019 | Sep 20, 2019 | ¥0.0550 | 0.313% |
FAQ
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