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AI Analysis of 300496.SZ
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Thunder Software Technology Co Ltd stock downgraded to Sell Candidate
(Updated on Jun 14, 2024)

Sell candidate since Jun 14, 2024 PDF

The Thunder Software Technology Co Ltd stock price fell by -0.92% on the last day (Friday, 14th Jun 2024) from ¥54.11 to ¥53.61. During the last trading day the stock fluctuated 6.36% from a day low at ¥52.65 to a day high of ¥56.00. The price has been going up and down for this period, and there has been a 2.7% gain 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 -7 million shares and in total, 19 million shares were bought and sold for approximately ¥997.71 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 -5.92% during the next 3 months and, with a 90% probability hold a price between ¥39.80 and ¥54.37 at the end of this 3-month period.

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300496.SZ Signals & Forecast

The Thunder Software Technology Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥54.59. On a fall, the stock will find some support from the long-term average at approximately ¥49.96. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, June 03, 2024, and so far it has fallen -8.04%. Further fall is indicated until a new bottom pivot has been found. 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 ¥51.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥3.35 between high and low, or 6.36%. For the last week, the stock has had daily average volatility of 5.78%.

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 17th

For the upcoming trading day on Monday, 17th we expect Thunder Software Technology Co Ltd to open at ¥54.09, and during the day (based on 14 day Average True Range), to move between ¥49.66 and ¥57.56, which gives a possible trading interval of +/-¥3.95 (+/-7.37%) 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 14.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥51.22 (4.46%) than the resistance at ¥56.49 (5.37%), 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?

Thunder Software Technology Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.842 Sell Candidate Downgraded

Predicted Opening Price for Thunder Software Technology Co Ltd of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
¥54.09 ( 0.89%) ¥53.61

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 57.44 7.14%
R2 56.16 4.75%
R1 55.37 3.28%
Price 53.61
S1 52.81 -1.50%
S2 52.02 -2.97%
S3 50.74 -5.36%

Accumulated Volume Support & Resistance Levels

Level Price
R3 66.04 23.19%
R2 58.30 8.75%
R1 56.49 5.37%
Price 53.61
S1 51.22 -4.46%
S2 50.94 -4.98%
S3 50.70 -5.43%

300496 Dividend Payout History


# Declaration Date 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

What is the symbol for Thunder Software Technology Co Ltd Stock and on which exchange is it traded?
The symbol for Thunder Software Technology Co Ltd is 300496.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Thunder Software Technology Co Ltd Stock?
Thunder Software Technology Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Thunder Software Technology Co Ltd Stock?
Thunder Software Technology Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Thunder Software Technology Co Ltd Stock.

What's the current price of Thunder Software Technology Co Ltd Stock?
As of the end of day on the Jun 14, 2024, the price of an Thunder Software Technology Co Ltd (300496.SZ) share was ¥53.61.

What is the 52-week high and low for Thunder Software Technology Co Ltd Stock?
The 52-week high for Thunder Software Technology Co Ltd Stock is ¥115.48 and the 52-week low is ¥43.55.

What is the market capitalization of Thunder Software Technology Co Ltd Stock?
As of the Jun 14, 2024, the market capitalization of Thunder Software Technology Co Ltd is 24.528B.

When is the next earnings date for Thunder Software Technology Co Ltd?
The upcoming earnings date for Thunder Software Technology Co Ltd is Apr 09, 2025.
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About Thunder Software Technology Co Ltd

Thunder Software Technology Co Ltd Thunder Software Technology Co.,Ltd. provides intelligent operating-system (OS) products and technologies worldwide. The company offers smart phone device software differentiation services, carrier certification services, automatic test solutions, FOTA solutions, hardware designing, and camera turnkey solutions, which support various mobile OS, such as Android, Windows, and Tizen. It also provides TurboX Smart Core Platform, an open platform for ... 300496.SZ Profile

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