Shenzhen Liande Automation Equipment Stock Forecast
Shenzhen Liande Automation Equipment stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Shenzhen Liande Automation Equipment stock price gained 3.54% on the last trading day (Friday, 28th Jun 2024), rising from ¥23.71 to ¥24.55. During the last trading day the stock fluctuated 6.16% from a day low at ¥23.55 to a day high of ¥25.00. The price has fallen in 6 of the last 10 days and is down by -1.17% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 721 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately ¥130.65 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 -4.60% during the next 3 months and, with a 90% probability hold a price between ¥19.61 and ¥24.38 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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300545.SZ Signals & Forecast
The Shenzhen Liande Automation Equipment stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥23.97 and ¥24.08. A breakdown below any of these levels will issue sell signals. 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 Tuesday, June 18, 2024, and so far it has fallen -4.47%. 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).
Support, Risk & Stop-loss for Shenzhen Liande Automation Equipment stock
Shenzhen Liande Automation Equipment finds support from accumulated volume at ¥24.33 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 ¥1.45 between high and low, or 6.16%. For the last week, the stock has had daily average volatility of 7.28%.
Our recommended stop-loss: ¥23.13 (-5.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (300545.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shenzhen Liande Automation Equipment co.,ltd. to open at ¥24.37, and during the day (based on 14 day Average True Range), to move between ¥23.09 and ¥26.01, which gives a possible trading interval of +/-¥1.46 (+/-5.94%) up or down from last closing price. If Shenzhen Liande Automation Equipment co.,ltd. takes out the full calculated possible swing range there will be an estimated 11.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥24.57 (0.08%) than the support at ¥24.33 (0.90%), 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 Shenzhen Liande Automation Equipment co.,ltd. stock A Buy?
Shenzhen Liande Automation Equipment holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.276 Hold/Accumulate Upgraded
Predicted Opening Price for Shenzhen Liande Automation Equipment co.,ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥24.37 ( 0.747%) | ¥24.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300545.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.82 | 5.16% |
| R2 | 25.26 | 2.90% |
| R1 | 24.92 | 1.51% |
| Price | 24.55 | |
| S1 | 23.81 | -3.00% |
| S2 | 23.47 | -4.40% |
| S3 | 22.92 | -6.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.25 | 2.85% |
| R2 | 24.84 | 1.18% |
| R1 | 24.57 | 0.0815% |
| Price | 24.55 | |
| S1 | 24.33 | -0.90% |
| S2 | 24.30 | -1.02% |
| S3 | 22.98 | -6.40% |
300545 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | May 29, 2024 | ¥0.150 | 0.623% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | ¥0.100 | 0.367% |
| 3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | ¥0.0150 | 0.101% |
| 4 | Jun 07, 2021 | Jun 07, 2021 | Jun 07, 2021 | ¥0.100 | 0.472% |
| 5 | May 25, 2020 | May 25, 2020 | May 25, 2020 | ¥0.100 | 0.372% |
FAQ
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