Thunder Software Technology Co Ltd Stock Forecast
Big movements in Thunder Software Technology Co Ltd stock price on Friday moving 10.90% between high and low
(Updated on Jun 21, 2024)
The Thunder Software Technology Co Ltd stock price fell by -1.30% on the last day (Friday, 21st Jun 2024) from ¥50.19 to ¥49.54. During the last trading day the stock fluctuated 10.90% from a day low at ¥48.37 to a day high of ¥53.64. The price has been going up and down for this period, and there has been a -11.87% loss for the last 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 -5 million shares and in total, 23 million shares were bought and sold for approximately ¥1.13 billion.
The stock lies in the middle of a very wide and weak 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 7.10% during the next 3 months and, with a 90% probability hold a price between ¥49.97 and ¥63.32 at the end of this 3-month period.
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300496.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Thunder Software Technology Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥53.59 and ¥50.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -15.03%. 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 Thunder Software Technology Co Ltd stock
Thunder Software Technology Co Ltd finds support from accumulated volume at ¥49.26 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 ¥5.27 between high and low, or 10.90%. For the last week, the stock has had daily average volatility of 7.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300496.SZ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Thunder Software Technology Co Ltd to open at ¥50.52, and during the day (based on 14 day Average True Range), to move between ¥45.33 and ¥53.75, which gives a possible trading interval of +/-¥4.21 (+/-8.50%) up or down from last closing price. If Thunder Software Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 16.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥49.26 (0.57%) than the resistance at ¥56.49 (14.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Thunder Software Technology Co Ltd stock A Buy?
The Thunder Software Technology Co Ltd stock holds several negative signals and despite the positive trend, we believe Thunder Software Technology Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.359 Sell Candidate Unchanged
Predicted Opening Price for Thunder Software Technology Co Ltd of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ¥50.52 ( 1.97%) | ¥49.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300496.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.79 | 12.61% |
| R2 | 53.77 | 8.55% |
| R1 | 52.53 | 6.04% |
| Price | 49.54 | |
| S1 | 48.50 | -2.09% |
| S2 | 47.26 | -4.60% |
| S3 | 45.25 | -8.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 58.30 | 17.68% |
| R2 | 57.50 | 16.07% |
| R1 | 56.49 | 14.03% |
| Price | 49.54 | |
| S1 | 49.26 | -0.565% |
| S2 | 49.25 | -0.585% |
| S3 | 46.58 | -5.97% |
300496 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | Apr 19, 2024 | ¥0.249 | 0.552% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | ¥0.337 | 0.313% |
| 3 | Apr 12, 2022 | Apr 12, 2022 | Apr 12, 2022 | ¥0.305 | 0.352% |
| 4 | Apr 20, 2021 | Apr 20, 2021 | Apr 20, 2021 | ¥0.220 | 0.165% |
| 5 | Apr 08, 2020 | Apr 08, 2020 | Apr 08, 2020 | ¥0.130 | 0.239% |
FAQ
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