Shanghai Amarsoft Infrmtn Tchlgy Co Ltd Stock Forecast
Volatile ride for Shanghai Amarsoft Infrmtn Tchlgy Co Ltd stock price on Tuesday moving between ¥15.54 and ¥17.45
(Updated on Jul 02, 2024)
The Shanghai Amarsoft Infrmtn Tchlgy Co Ltd stock price gained 2.89% on the last trading day (Tuesday, 2nd Jul 2024), rising from ¥16.63 to ¥17.11. During the last trading day the stock fluctuated 12.29% from a day low at ¥15.54 to a day high of ¥17.45. The price has risen in 6 of the last 10 days and is up by 10.96% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 14 million shares were bought and sold for approximately ¥232.37 million.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ¥17.53 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Shanghai Amarsoft Infrmtn Tchlgy Co Ltd stock with a 90% probability to be traded between ¥13.10 and ¥17.64 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.
300380.SZ Signals & Forecast
Mostly positive signals in the chart today. The Shanghai Amarsoft Infrmtn Tchlgy 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 ¥15.86 and ¥15.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 24.17%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Shanghai Amarsoft Infrmtn Tchlgy Co Ltd stock
Shanghai Amarsoft Infrmtn Tchlgy Co Ltd finds support from accumulated volume at ¥16.63 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 ¥1.91 between high and low, or 12.29%. For the last week, the stock has had daily average volatility of 9.13%.
Our recommended stop-loss: ¥16.50 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (300380.SZ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Shanghai Amarsoft Infrmtn Tchlgy Co Ltd to open at ¥16.70, and during the day (based on 14 day Average True Range), to move between ¥15.92 and ¥18.30, which gives a possible trading interval of +/-¥1.19 (+/-6.93%) 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 13.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥17.29 (1.05%) than the support at ¥16.63 (2.81%), 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 positive signals and is considered to be a good choice at current levels. We expect the Shanghai Amarsoft Infrmtn Tchlgy Co Ltd stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.138 Strong Buy Candidate Upgraded
Predicted Opening Price for Shanghai Amarsoft Infrmtn Tchlgy Co Ltd of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
¥16.70 ( 2.40%) | ¥17.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300380.SZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 18.61 | 8.77% |
R2 | 17.88 | 4.50% |
R1 | 17.43 | 1.87% |
Price | 17.11 | |
S1 | 15.97 | -6.66% |
S2 | 15.52 | -9.30% |
S3 | 14.79 | -13.56% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.45 | 1.99% |
R2 | 17.30 | 1.11% |
R1 | 17.29 | 1.05% |
Price | 17.11 | |
S1 | 16.63 | -2.81% |
S2 | 16.48 | -3.68% |
S3 | 15.74 | -8.01% |
300380 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 09, 2022 | Jun 09, 2022 | Jun 09, 2022 | ¥0.0400 | 0.284% |
2 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | ¥0.200 | 1.07% |
3 | Jun 09, 2020 | Jun 09, 2020 | Jun 09, 2020 | ¥0.100 | 0.572% |
4 | Jun 10, 2019 | Jun 10, 2019 | Jun 10, 2019 | ¥0.100 | 0.538% |
5 | Jun 11, 2018 | Jun 11, 2018 | Jun 11, 2018 | ¥0.0200 | 0.107% |
FAQ
Click here for our free guide on how to buy Shanghai Amarsoft Infrmtn Tchlgy Co Ltd Stock.