Shenzhen Forms Syntron Information CoLtd Stock Forecast
Shenzhen Forms Syntron Information CoLtd stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The Shenzhen Forms Syntron Information CoLtd stock price gained 1.05% on the last trading day (Friday, 17th May 2024), rising from ¥8.59 to ¥8.68. During the last trading day the stock fluctuated 3.42% from a day low at ¥8.48 to a day high of ¥8.77. The price has risen in 5 of the last 10 days but is still down by -3.34% for this period. Volume fell on the last day by -424 thousand shares and in total, 13 million shares were bought and sold for approximately ¥110.60 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.99% during the next 3 months and, with a 90% probability hold a price between ¥6.95 and ¥8.85 at the end of this 3-month period.
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300468.SZ Signals & Forecast
The Shenzhen Forms Syntron Information CoLtd 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 ¥8.57 and ¥8.61. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -3.66%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Shenzhen Forms Syntron Information CoLtd stock
Shenzhen Forms Syntron Information CoLtd finds support from accumulated volume at ¥8.67 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 ¥0.290 between high and low, or 3.42%. For the last week, the stock has had daily average volatility of 4.58%.
Our recommended stop-loss: ¥8.32 (-4.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (300468.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Shenzhen Forms Syntron Information CoLtd to open at ¥8.64, and during the day (based on 14 day Average True Range), to move between ¥8.20 and ¥9.16, which gives a possible trading interval of +/-¥0.481 (+/-5.54%) up or down from last closing price. If Shenzhen Forms Syntron Information CoLtd takes out the full calculated possible swing range there will be an estimated 11.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥8.67 (0.12%) than the resistance at ¥9.54 (9.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Shenzhen Forms Syntron Information CoLtd will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Shenzhen Forms Syntron Information CoLtd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.37% in the first trading day after earnings release.
Is Shenzhen Forms Syntron Information CoLtd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 1.385 Buy Candidate Upgraded
Predicted Opening Price for Shenzhen Forms Syntron Information CoLtd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥8.64 ( 0.422%) | ¥8.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300468.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.93 | 2.92 % | |
| R2 | 8.82 | 1.64 % | ||
| R1 | 8.75 | 0.85 % | ||
| Current price: | 8.68 | |||
| Support | S1 | 8.53 | -1.70 % | |
| S2 | 8.46 | -2.49 % | ||
| S3 | 8.35 | -3.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.78 | 12.67 % | |
| R2 | 9.57 | 10.25 % | ||
| R1 | 9.54 | 9.91 % | ||
| Current price | 8.68 | |||
| Support | S1 | 8.67 | -0.115% | |
| S2 | 8.35 | -3.80% | ||
| S3 | 8.00 | -7.83% |
300468 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2023 | May 29, 2023 | May 29, 2023 | ¥0.0600 | 0.527% |
| 2 | May 25, 2022 | May 25, 2022 | May 25, 2022 | ¥0.0932 | 0.93% |
| 3 | May 17, 2021 | May 17, 2021 | May 17, 2021 | ¥0.0573 | 0.561% |
| 4 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | ¥0.0860 | 0.689% |
| 5 | Jul 09, 2019 | Jul 09, 2019 | Jul 09, 2019 | ¥0.0589 | 0.98% |
FAQ
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