Shanghai Amarsoft Infrmtn Tchlgy Co Ltd Stock Forecast

Green day on Tuesday for Shanghai Amarsoft Infrmtn Tchlgy Co Ltd
(Updated on Jun 18, 2024)

300380.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 Shanghai Amarsoft Infrmtn Tchlgy 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 ¥15.97. On a fall, the stock will find some support from the short-term average at ¥15.08. 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -9.63%. 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 Shanghai Amarsoft Infrmtn Tchlgy Co Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at ¥14.40 and ¥14.36. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Shanghai Amarsoft Infrmtn Tchlgy Co Ltd finds support just below today's level at ¥14.40. If this is broken, then the next support from accumulated volume will be at ¥14.36 and ¥12.92.

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 ¥0.85 between high and low, or 5.68%. For the last week, the stock has had daily average volatility of 8.06%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (300380.SZ) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Shanghai Amarsoft Infrmtn Tchlgy Co Ltd to open at ¥15.52, and during the day (based on 14 day Average True Range), to move between ¥14.71 and ¥16.83, which gives a possible trading interval of +/-¥1.06 (+/-6.70%) up or down from last closing price. If Shanghai Amarsoft Infrmtn Tchlgy Co Ltd takes out the full calculated possible swing range there will be an estimated 13.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥16.48 (4.50%) than the support at ¥14.40 (8.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Shanghai Amarsoft Infrmtn Tchlgy Co Ltd stock A Buy?

Shanghai Amarsoft Infrmtn Tchlgy Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.283 Sell Candidate Unchanged

Predicted Opening Price for Shanghai Amarsoft Infrmtn Tchlgy Co Ltd of Thursday, June 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.