Shenzhen JT Automation Equipment Co.,Ltd Stock Forecast
Shenzhen JT Automation Equipment Co.,Ltd stock price ended at ¥11.12 on Thursday, after losing 1.85%.
(Updated on Jun 27, 2024)
The Shenzhen JT Automation Equipment Co.,Ltd stock price fell by -1.85% on the last day (Thursday, 27th Jun 2024) from ¥11.33 to ¥11.12. During the last trading day the stock fluctuated 4.50% from a day low at ¥11.11 to a day high of ¥11.61. The price has been going up and down for this period, and there has been a -2.8% loss for the last 2 weeks. Volume has increased on the last day by 461 thousand 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, 6 million shares were bought and sold for approximately ¥70.07 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Shenzhen JT Automation Equipment Co.,Ltd stock with a 90% probability to be traded between ¥9.46 and ¥14.25 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.
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300400.SZ Signals & Forecast
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. The Shenzhen JT Automation Equipment Co.,Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥11.37 and ¥11.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -6.95%. Further fall is indicated until a new bottom pivot has been found. 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 Shenzhen JT Automation Equipment Co.,Ltd stock
Shenzhen JT Automation Equipment Co.,Ltd finds support from accumulated volume at ¥11.00 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 ¥0.500 between high and low, or 4.50%. For the last week, the stock has had daily average volatility of 6.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300400.SZ) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Shenzhen JT Automation Equipment Co.,Ltd to open at ¥11.28, and during the day (based on 14 day Average True Range), to move between ¥10.18 and ¥12.06, which gives a possible trading interval of +/-¥0.94 (+/-8.48%) up or down from last closing price. If Shenzhen JT Automation Equipment Co.,Ltd takes out the full calculated possible swing range there will be an estimated 16.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥11.00 (1.08%) than the resistance at ¥12.35 (11.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shenzhen JT Automation Equipment Co.,Ltd stock A Buy?
Shenzhen JT Automation Equipment 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: -1.095 Sell Candidate Unchanged
Predicted Opening Price for Shenzhen JT Automation Equipment Co.,Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ¥11.28 ( 1.44%) | ¥11.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300400.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.78 | 5.94% |
| R2 | 11.59 | 4.22% |
| R1 | 11.47 | 3.16% |
| Price | 11.12 | |
| S1 | 11.09 | -0.279% |
| S2 | 10.97 | -1.34% |
| S3 | 10.78 | -3.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.78 | 14.93% |
| R2 | 12.55 | 12.86% |
| R1 | 12.35 | 11.06% |
| Price | 11.12 | |
| S1 | 11.00 | -1.08% |
| S2 | 10.93 | -1.71% |
| S3 | 10.21 | -8.18% |
300400 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | May 22, 2024 | ¥0.125 | 1.01% |
| 2 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.500 | 3.52% |
| 3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.100 | 0.422% |
| 4 | May 19, 2017 | May 19, 2017 | May 19, 2017 | ¥0.0833 | 0.533% |
| 5 | Jun 03, 2016 | Jun 03, 2016 | Jun 03, 2016 | ¥0.0333 | 0.348% |
FAQ
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