Changsha Jingjia Microelectronics Co., Stock Forecast
Green day on Monday for Changsha Jingjia Microelectronics Co.,
(Updated on Jun 17, 2024)
The Changsha Jingjia Microelectronics Co., stock price gained 1.19% on the last trading day (Monday, 17th Jun 2024), rising from ¥69.50 to ¥70.33. It has now gained 3 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 3.79% from a day low at ¥68.68 to a day high of ¥71.28. The price has been going up and down for this period, and there has been a 1.41% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 12 million shares were bought and sold for approximately ¥833.62 million.
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 -10.14% during the next 3 months and, with a 90% probability hold a price between ¥48.40 and ¥72.48 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300474.SZ Signals & Forecast
Mostly positive signals in the chart today. The Changsha Jingjia Microelectronics Co., 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 ¥68.55 and ¥68.56. 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 17.16%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Changsha Jingjia Microelectronics Co., stock
Changsha Jingjia Microelectronics Co., finds support from accumulated volume at ¥69.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥2.60 (3.79%) between high and low. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: ¥67.66 (-3.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 61 days ago.)
Trading Expectations (300474.SZ) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Changsha Jingjia Microelectronics Co., Ltd. to open at ¥70.10, and during the day (based on 14 day Average True Range), to move between ¥67.10 and ¥73.56, which gives a possible trading interval of +/-¥3.23 (+/-4.59%) up or down from last closing price. If Changsha Jingjia Microelectronics Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥69.74 (0.84%) than the resistance at ¥75.34 (7.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Changsha Jingjia Microelectronics Co., Ltd. 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.
Current score: 2.105 Buy Candidate Unchanged
Predicted Opening Price for Changsha Jingjia Microelectronics Co., Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ¥70.10 ( 0.332%) | ¥70.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300474.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 72.70 | 3.37% |
| R2 | 71.70 | 1.95% |
| R1 | 71.09 | 1.08% |
| Price | 70.33 | |
| S1 | 69.10 | -1.74% |
| S2 | 68.49 | -2.62% |
| S3 | 67.50 | -4.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 84.21 | 19.74% |
| R2 | 84.00 | 19.44% |
| R1 | 75.34 | 7.12% |
| Price | 70.33 | |
| S1 | 69.74 | -0.84% |
| S2 | 69.25 | -1.54% |
| S3 | 69.20 | -1.61% |
300474 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 05, 2024 | ¥0.120 | 0.178% |
| 2 | May 26, 2023 | May 26, 2023 | May 26, 2023 | ¥0.120 | 0.134% |
| 3 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | ¥0.190 | 0.292% |
| 4 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | ¥0.0867 | 0.149% |
| 5 | May 29, 2020 | May 29, 2020 | May 29, 2020 | ¥0.0800 | 0.204% |
FAQ
Click here for our free guide on how to buy Changsha Jingjia Microelectronics Co., Ltd. Stock.
