All Winner Technology Co Ltd Stock Forecast
All Winner Technology Co Ltd stock price ended at ¥19.67 on Friday, after gaining 1.97%.
(Updated on Apr 26, 2024)
The All Winner Technology Co Ltd stock price gained 1.97% on the last trading day (Friday, 26th Apr 2024), rising from ¥19.29 to ¥19.67. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.47% from a day low at ¥18.29 to a day high of ¥19.84. The price has been going up and down for this period, and there has been a 4.85% gain for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 22 million shares were bought and sold for approximately ¥442.22 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 12.85% during the next 3 months and, with a 90% probability hold a price between ¥18.14 and ¥25.86 at the end of this 3-month period.
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300458.SZ Signals & Forecast
Mostly positive signals in the chart today. The All Winner Technology Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥18.81 and ¥19.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 15.57%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for All Winner Technology Co Ltd stock
All Winner Technology Co Ltd finds support from accumulated volume at ¥19.29 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 ¥1.55 between high and low, or 8.47%. For the last week, the stock has had daily average volatility of 6.62%.
Our recommended stop-loss: ¥19.01 (-3.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (300458.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect All Winner Technology Co Ltd to open at ¥19.27, and during the day (based on 14 day Average True Range), to move between ¥18.55 and ¥20.79, which gives a possible trading interval of +/-¥1.12 (+/-5.68%) up or down from last closing price. If All Winner Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 11.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥19.90 (1.17%) than the support at ¥19.29 (1.93%), 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 All Winner Technology 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 All Winner Technology Co Ltd stock to perform well in the short-term.
Current score: 2.638 Buy Candidate Unchanged
Predicted Opening Price for All Winner Technology Co Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥19.27 ( 2.05%) | ¥19.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300458.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.82 | 5.83 % | |
| R2 | 20.22 | 2.82 % | ||
| R1 | 19.86 | 0.96 % | ||
| Current price: | 19.67 | |||
| Support | S1 | 18.67 | -5.06 % | |
| S2 | 18.31 | -6.92 % | ||
| S3 | 17.72 | -9.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.25 | 8.03 % | |
| R2 | 20.22 | 2.80 % | ||
| R1 | 19.90 | 1.17 % | ||
| Current price | 19.67 | |||
| Support | S1 | 19.29 | -1.93% | |
| S2 | 18.76 | -4.63% | ||
| S3 | 15.98 | -18.76% |
300458 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ¥0.150 | 0.575% |
| 2 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ¥0.500 | 2.85% |
| 3 | May 21, 2021 | May 21, 2021 | May 21, 2021 | ¥0.211 | 0.91% |
| 4 | May 13, 2020 | May 13, 2020 | May 13, 2020 | ¥0.158 | 1.03% |
| 5 | May 28, 2019 | May 28, 2019 | May 28, 2019 | ¥0.158 | 1.40% |
FAQ
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