Hunan Sundy Science and Technology Co., Stock Forecast
Weaker technical forecast for Hunan Sundy Science and Technology Co., as stock downgraded to Strong Sell Candidate.
(Updated on Jun 21, 2024)
The Hunan Sundy Science and Technology Co., stock price fell by -1.07% on the last day (Friday, 21st Jun 2024) from ¥10.32 to ¥10.21. During the last trading day the stock fluctuated 4.21% from a day low at ¥9.98 to a day high of ¥10.40. The price has risen in 6 of the last 10 days and is up by 1.59% over the past 2 weeks. Volume has increased on the last day by 2 million 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, 4 million shares were bought and sold for approximately ¥43.82 million.
The stock lies in the middle of a very wide and strong 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 15.76% during the next 3 months and, with a 90% probability hold a price between ¥10.43 and ¥13.63 at the end of this 3-month period.
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300515.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Hunan Sundy Science and Technology Co., 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 ¥10.34 and ¥10.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -3.04%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Hunan Sundy Science and Technology Co., stock
Hunan Sundy Science and Technology Co., finds support from accumulated volume at ¥9.93 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 ¥0.420 between high and low, or 4.21%. For the last week, the stock has had daily average volatility of 4.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300515.SZ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Hunan Sundy Science and Technology Co., Ltd. to open at ¥10.20, and during the day (based on 14 day Average True Range), to move between ¥9.48 and ¥10.94, which gives a possible trading interval of +/-¥0.730 (+/-7.15%) up or down from last closing price. If Hunan Sundy Science and Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 14.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥10.31 (0.98%) than the support at ¥9.93 (2.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Hunan Sundy Science and Technology Co., Ltd. stock A Buy?
The Hunan Sundy Science and Technology Co., stock holds several negative signals and despite the positive trend, we believe Hunan Sundy Science and Technology Co., will perform weakly in the next couple of days or weeks. Therefore, we 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 Strong Sell candidate.
Current score: -5.242 Strong Sell Candidate Downgraded
Predicted Opening Price for Hunan Sundy Science and Technology Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ¥10.20 ( 0.131%) | ¥10.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300515.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.62 | 3.98% |
| R2 | 10.46 | 2.41% |
| R1 | 10.36 | 1.44% |
| Price | 10.21 | |
| S1 | 10.04 | -1.70% |
| S2 | 9.94 | -2.67% |
| S3 | 9.78 | -4.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.13 | 9.01% |
| R2 | 10.41 | 1.96% |
| R1 | 10.31 | 0.98% |
| Price | 10.21 | |
| S1 | 9.93 | -2.74% |
| S2 | 9.82 | -3.82% |
| S3 | 9.39 | -8.03% |
300515 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | ¥0.145 | 1.30% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | ¥0.175 | 1.13% |
| 3 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.165 | 1.76% |
| 4 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | ¥0.150 | 1.57% |
| 5 | May 27, 2020 | May 27, 2020 | May 27, 2020 | ¥0.125 | 1.34% |
FAQ
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