Navtech Inc Stock Forecast
Navtech Inc stock upgraded to Hold/Accumulate.
(Updated on Apr 30, 2024)
The Navtech Inc stock price fell by -2.53% on the last day (Tuesday, 30th Apr 2024) from ¥18.57 to ¥18.10. During the last trading day the stock fluctuated 6.78% from a day low at ¥17.55 to a day high of ¥18.74. The price has risen in 6 of the last 10 days and is up by 5.42% over the past 2 weeks. 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 -6 million shares and in total, 13 million shares were bought and sold for approximately ¥238.44 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥17.09 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.10% during the next 3 months and, with a 90% probability hold a price between ¥16.73 and ¥21.75 at the end of this 3-month period.
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300456.SZ Signals & Forecast
There are mixed signals in the stock today. The Navtech Inc 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 ¥18.19 and ¥19.76. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.42%. 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).
Support, Risk & Stop-loss for Navtech Inc stock
Navtech Inc finds support from accumulated volume at ¥17.97 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 ¥1.19 between high and low, or 6.78%. For the last week, the stock has had daily average volatility of 5.02%.
Our recommended stop-loss: ¥17.20 (-5.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (300456.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Navtech Inc to open at ¥18.13, and during the day (based on 14 day Average True Range), to move between ¥17.05 and ¥19.15, which gives a possible trading interval of +/-¥1.05 (+/-5.82%) up or down from last closing price. If Navtech Inc takes out the full calculated possible swing range there will be an estimated 11.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥17.97 (0.72%) than the resistance at ¥20.94 (15.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Navtech Inc stock A Buy?
Navtech Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.535 Hold/Accumulate Upgraded
Predicted Opening Price for Navtech Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥18.13 ( 0.166%) | ¥18.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300456.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.32 | 6.74 % | |
| R2 | 18.87 | 4.23 % | ||
| R1 | 18.58 | 2.68 % | ||
| Current price: | 18.10 | |||
| Support | S1 | 17.68 | -2.35 % | |
| S2 | 17.39 | -3.90 % | ||
| S3 | 16.94 | -6.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.07 | 21.93 % | |
| R2 | 21.49 | 18.73 % | ||
| R1 | 20.94 | 15.69 % | ||
| Current price | 18.10 | |||
| Support | S1 | 17.97 | -0.718% | |
| S2 | 17.91 | -1.05% | ||
| S3 | 16.08 | -11.16% |
300456 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | Apr 29, 2024 | ¥0.0350 | 0.188% |
| 2 | May 17, 2022 | May 17, 2022 | May 17, 2022 | ¥0.0350 | 0.246% |
| 3 | May 24, 2021 | May 24, 2021 | May 24, 2021 | ¥0.0350 | 0.172% |
| 4 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | ¥0.0300 | 0.103% |
| 5 | Jul 04, 2019 | Jul 04, 2019 | Jul 04, 2019 | ¥0.0526 | 0.350% |
FAQ
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