RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 300542.SZ
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High volatility in Brilliance Technology Co Ltd stock price on Thursday which ended trading at ¥13.08
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 18, 2024 Gain 11.41% PDF

The Brilliance Technology Co Ltd stock price gained 12.66% on the last trading day (Thursday, 28th Mar 2024), rising from ¥11.61 to ¥13.08. During the last trading day the stock fluctuated 11.76% from a day low at ¥11.90 to a day high of ¥13.30. The price has risen in 6 of the last 10 days and is up by 25.05% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 37 million shares were bought and sold for approximately ¥478.36 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥14.39 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.08% during the next 3 months and, with a 90% probability hold a price between ¥6.62 and ¥13.66 at the end of this 3-month period.

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300542.SZ Signals & Forecast

The Brilliance Technology Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥12.83 and ¥10.33. A breakdown below any of these levels will issue sell signals. 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. 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 Thursday, March 21, 2024, and so far it has fallen -9.54%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Brilliance Technology Co Ltd stock

Brilliance Technology Co Ltd finds support from accumulated volume at ¥12.80 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 ¥1.40 between high and low, or 11.76%. For the last week, the stock has had daily average volatility of 9.92%.

Our recommended stop-loss: ¥12.33 (-5.72%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (300542.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Brilliance Technology Co Ltd to open at ¥12.76, and during the day (based on 14 day Average True Range), to move between ¥12.08 and ¥14.08, which gives a possible trading interval of +/-¥1.00 (+/-7.63%) up or down from last closing price. If Brilliance Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 15.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥13.10 (0.15%) than the support at ¥12.80 (2.14%), 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 Brilliance Technology 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.220 Buy Candidate Upgraded

Predicted Opening Price for Brilliance Technology Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥12.76 ( 2.45%) ¥13.08

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 300542.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.16 8.26 %
R2 13.63 4.17 %
R1 13.29 1.64 %
Current price: 13.08
Support S1 12.23 -6.54 %
S2 11.89 -9.06 %
S3 11.36 -13.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 14.46 10.55 %
R2 13.14 0.459 %
R1 13.10 0.153 %
Current price 13.08
Support S1 12.80 -2.14%
S2 12.64 -3.36%
S3 11.61 -11.24%

300542 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 14, 2023 Jun 14, 2023 Jun 14, 2023 ¥0.0200 0.153%
2 Jun 24, 2022 Jun 24, 2022 Jun 24, 2022 ¥0.100 0.88%
3 Apr 30, 2021 Apr 30, 2021 Apr 30, 2021 ¥0.0900 0.83%
4 Jun 02, 2020 Jun 02, 2020 Jun 02, 2020 ¥0.0346 0.314%
5 May 09, 2019 May 09, 2019 May 09, 2019 ¥0.0256 0.253%

FAQ

What is the symbol for Brilliance Technology Co Ltd Stock and on which exchange is it traded?
The symbol for Brilliance Technology Co Ltd is 300542.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Brilliance Technology Co Ltd Stock?
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Brilliance Technology Co Ltd Stock?
Brilliance 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 Brilliance Technology Co Ltd Stock.

What's the current price of Brilliance Technology Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Brilliance Technology Co Ltd (300542.SZ) share was ¥13.08.

What is the 52-week high and low for Brilliance Technology Co Ltd Stock?
The 52-week high for Brilliance Technology Co Ltd Stock is ¥18.58 and the 52-week low is ¥6.84.

What is the market capitalization of Brilliance Technology Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Brilliance Technology Co Ltd is 3.905B.
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About Brilliance Technology Co Ltd

Brilliance Technology Co., Ltd. provides software development, system integration, and professional and technical services in China. The company's software solutions include international business, corporate settlement system, bank settlement system, and bank intermediary business platform solutions; channel integration cloud platform, total cooperation cloud platform, television banking system, online banking system, and call center application ... 300542.SZ Profile

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