RSI low/high Values: [ 20 - 75 ]
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AI Analysis of 300418.SZ
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Big movements in Beijing Kunlun Tech Co Ltd stock price on Thursday moving 14.54% between high and low
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Beijing Kunlun Tech Co Ltd stock price gained 11.53% on the last trading day (Thursday, 28th Mar 2024), rising from ¥36.44 to ¥40.64. During the last trading day the stock fluctuated 14.54% from a day low at ¥36.80 to a day high of ¥42.15. The price has fallen in 6 of the last 10 days and is down by -0.64% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 59 million more shares were traded than the day before. In total, 112 million shares were bought and sold for approximately ¥4.55 billion.

The stock lies in the middle of a very wide and strong 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 26.35% during the next 3 months and, with a 90% probability hold a price between ¥41.74 and ¥58.83 at the end of this 3-month period.

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300418.SZ Signals & Forecast

The Beijing Kunlun Tech Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥40.73. On a fall, the stock will find some support from the long-term average at approximately ¥39.07. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 11.53%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Beijing Kunlun Tech Co Ltd stock

Beijing Kunlun Tech Co Ltd finds support from accumulated volume at ¥38.80 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 ¥5.35 between high and low, or 14.54%. For the last week, the stock has had daily average volatility of 9.09%.

Our recommended stop-loss: ¥39.01 (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (300418.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Beijing Kunlun Tech Co Ltd to open at ¥39.86, and during the day (based on 14 day Average True Range), to move between ¥37.87 and ¥43.41, which gives a possible trading interval of +/-¥2.77 (+/-6.82%) up or down from last closing price. If Beijing Kunlun Tech Co Ltd takes out the full calculated possible swing range there will be an estimated 13.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥42.38 (4.28%) than the support at ¥38.80 (4.53%), 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 Beijing Kunlun Tech 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 Beijing Kunlun Tech Co Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 3.802 Buy Candidate Upgraded

Predicted Opening Price for Beijing Kunlun Tech Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥39.86 ( 1.91%) ¥40.64

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

Trading levels for 300418.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 45.21 11.25 %
R2 43.17 6.22 %
R1 41.91 3.12 %
Current price: 40.64
Support S1 37.82 -6.94 %
S2 36.56 -10.05 %
S3 34.51 -15.08 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 43.60 7.28 %
R2 43.01 5.83 %
R1 42.38 4.28 %
Current price 40.64
Support S1 38.80 -4.53%
S2 37.90 -6.74%
S3 35.91 -11.64%

300418 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 14, 2022 Jul 14, 2022 Jul 14, 2022 ¥0.0659 0.447%
2 Jul 09, 2021 Jul 09, 2021 Jul 09, 2021 ¥0.173 0.97%
3 Jun 10, 2020 Jun 10, 2020 Jun 10, 2020 ¥0.0257 0.113%
4 Jun 15, 2018 Jun 15, 2018 Jun 15, 2018 ¥0.0870 0.438%
5 Jun 12, 2017 Jun 12, 2017 Jun 12, 2017 ¥0.105 0.463%

FAQ

What is the symbol for Beijing Kunlun Tech Co Ltd Stock and on which exchange is it traded?
The symbol for Beijing Kunlun Tech Co Ltd is 300418.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Beijing Kunlun Tech Co Ltd Stock?
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 Beijing Kunlun Tech Co Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Beijing Kunlun Tech Co Ltd Stock?
Beijing Kunlun Tech Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Beijing Kunlun Tech Co Ltd Stock.

What's the current price of Beijing Kunlun Tech Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Beijing Kunlun Tech Co Ltd (300418.SZ) share was ¥40.64.

What is the 52-week high and low for Beijing Kunlun Tech Co Ltd Stock?
The 52-week high for Beijing Kunlun Tech Co Ltd Stock is ¥70.66 and the 52-week low is ¥26.22.

What is the market capitalization of Beijing Kunlun Tech Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Beijing Kunlun Tech Co Ltd is 49.378B.
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About Beijing Kunlun Tech Co Ltd

Beijing Kunlun Tech Co Ltd Kunlun Tech Co., Ltd. engages in the mobile game platform business worldwide. It also operates a leisure and entertainment social platform, as well as Opera, an information platform. The company was formerly known as Beijing Kunlun Tech Co., Ltd. and changed its name to Kunlun Tech Co., Ltd. in June 2021. The company was founded in 2008 and is based in Beijing, China. Kunlun Tech Co., Ltd. is a subsidiary of Beijing Kunlun World Wide Technology S... 300418.SZ Profile

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