Jinlei Technology Co Ltd Stock Forecast
Big movements in Jinlei Technology Co Ltd stock price on Friday moving 16.27% between high and low
(Updated on Apr 26, 2024)
The Jinlei Technology Co Ltd stock price fell by -0.456% on the last day (Friday, 26th Apr 2024) from ¥17.54 to ¥17.46. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 16.27% from a day low at ¥17.03 to a day high of ¥19.80. The price has fallen in 7 of the last 10 days and is down by -15.16% for this period. 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 -1 million shares and in total, 10 million shares were bought and sold for approximately ¥171.94 million.
The stock has broken the very wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ¥17.73. A reaction back to this level may hold a second chance to get out before further falls.
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300443.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Jinlei Technology 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 ¥18.83 and ¥21.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -25.54%. 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). 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 Jinlei Technology Co Ltd stock
Jinlei Technology Co Ltd finds support from accumulated volume at ¥17.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥2.77 between high and low, or 16.27%. For the last week, the stock has had daily average volatility of 10.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300443.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Jinlei Technology Co Ltd to open at ¥18.10, and during the day (based on 14 day Average True Range), to move between ¥15.79 and ¥19.13, which gives a possible trading interval of +/-¥1.67 (+/-9.56%) up or down from last closing price. If Jinlei Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 19.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥17.20 (1.49%) than the resistance at ¥19.18 (9.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jinlei Technology Co Ltd stock A Buy?
The Jinlei Technology Co Ltd stock holds several negative signals and despite the positive trend, we believe Jinlei Technology Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.445 Strong Sell Candidate Downgraded
Predicted Opening Price for Jinlei Technology Co Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥18.10 ( 3.65%) | ¥17.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300443.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.87 | 19.51 % | |
| R2 | 19.81 | 13.45 % | ||
| R1 | 19.15 | 9.71 % | ||
| Current price: | 17.46 | |||
| Support | S1 | 17.04 | -2.41 % | |
| S2 | 16.38 | -6.16 % | ||
| S3 | 15.33 | -12.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.66 | 24.05 % | |
| R2 | 20.95 | 19.99 % | ||
| R1 | 19.18 | 9.85 % | ||
| Current price | 17.46 | |||
| Support | S1 | 17.20 | -1.49% | |
| S2 | 16.91 | -3.15% | ||
| S3 | 16.00 | -8.36% |
300443 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 09, 2023 | Oct 09, 2023 | Oct 09, 2023 | ¥0.150 | 0.511% |
| 2 | Mar 17, 2021 | Mar 17, 2021 | Mar 17, 2021 | ¥0.600 | 1.84% |
| 3 | Apr 08, 2020 | Apr 08, 2020 | Apr 08, 2020 | ¥0.180 | 1.33% |
| 4 | Jun 04, 2019 | Jun 04, 2019 | Jun 04, 2019 | ¥0.100 | 0.724% |
| 5 | Apr 28, 2017 | Apr 28, 2017 | Apr 28, 2017 | ¥0.180 | 0.703% |
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