Sichuan Tianyi Comheart Telecom Co., Stock Forecast
Sichuan Tianyi Comheart Telecom Co., stock upgraded from Strong Sell Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Sichuan Tianyi Comheart Telecom Co., stock price fell by -2.38% on the last day (Tuesday, 25th Jun 2024) from ¥11.77 to ¥11.49. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 8.87% from a day low at ¥11.39 to a day high of ¥12.40. The price has risen in 6 of the last 10 days but is still down by -1.12% for this period. Volume has increased on the last day by 187 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately ¥29.65 million.
The stock lies in the middle of a 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 -14.27% during the next 3 months and, with a 90% probability hold a price between ¥8.71 and ¥10.78 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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300504.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 1.41%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sichuan Tianyi Comheart Telecom Co., stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥12.23 and ¥12.72. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Sichuan Tianyi Comheart Telecom Co., stock
Sichuan Tianyi Comheart Telecom Co., finds support from accumulated volume at ¥11.33 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 ¥1.01 between high and low, or 8.87%. For the last week, the stock has had daily average volatility of 5.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300504.SZ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Sichuan Tianyi Comheart Telecom Co., Ltd. to open at ¥11.76, and during the day (based on 14 day Average True Range), to move between ¥10.80 and ¥12.18, which gives a possible trading interval of +/-¥0.686 (+/-5.97%) up or down from last closing price. If Sichuan Tianyi Comheart Telecom Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥11.33 (1.39%) than the resistance at ¥12.92 (12.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sichuan Tianyi Comheart Telecom Co., Ltd. stock A Buy?
Sichuan Tianyi Comheart Telecom Co., holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.711 Sell Candidate Upgraded
Predicted Opening Price for Sichuan Tianyi Comheart Telecom Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ¥11.76 ( 2.35%) | ¥11.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300504.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.77 | 11.14% |
| R2 | 12.38 | 7.78% |
| R1 | 12.15 | 5.71% |
| Price | 11.49 | |
| S1 | 11.37 | -1.01% |
| S2 | 11.14 | -3.08% |
| S3 | 10.75 | -6.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.45 | 17.06% |
| R2 | 12.95 | 12.71% |
| R1 | 12.92 | 12.45% |
| Price | 11.49 | |
| S1 | 11.33 | -1.39% |
| S2 | 0 | - |
| S3 | 0 | - |
300504 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | May 31, 2024 | ¥0.200 | 1.53% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | ¥0.200 | 1.08% |
| 3 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | ¥0.200 | 1.19% |
| 4 | May 14, 2021 | May 14, 2021 | May 14, 2021 | ¥0.200 | 1.24% |
| 5 | Jun 12, 2020 | Jun 12, 2020 | Jun 12, 2020 | ¥0.200 | 0.796% |
FAQ
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