BEIJING WANJI TECHNOLOGY CO LTD Stock Forecast
Volatile ride for BEIJING WANJI TECHNOLOGY CO LTD stock price on Wednesday moving between ¥21.30 and ¥24.44
(Updated on Apr 24, 2024)
The BEIJING WANJI TECHNOLOGY CO LTD stock price gained 9.98% on the last trading day (Wednesday, 24th Apr 2024), rising from ¥21.44 to ¥23.58. During the last trading day the stock fluctuated 14.74% from a day low at ¥21.30 to a day high of ¥24.44. The price has fallen in 7 of the last 10 days and is down by -6.06% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately ¥394.57 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥20.90 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 37.92% during the next 3 months and, with a 90% probability hold a price between ¥28.82 and ¥47.33 at the end of this 3-month period.
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300552.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 18.37%. Further rise is indicated until a new top pivot has been found. 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. The BEIJING WANJI TECHNOLOGY CO LTD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥24.33. On a fall, the stock will find some support from the short-term average at ¥21.30. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BEIJING WANJI TECHNOLOGY CO LTD stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥21.63 and ¥20.46. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, BEIJING WANJI TECHNOLOGY CO LTD finds support just below today's level at ¥21.63. If this is broken, then the next support from accumulated volume will be at ¥20.46 and ¥18.35.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥3.14 between high and low, or 14.74%. For the last week, the stock has had daily average volatility of 15.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300552.SZ) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect BEIJING WANJI TECHNOLOGY CO LTD to open at ¥23.11, and during the day (based on 14 day Average True Range), to move between ¥20.08 and ¥27.08, which gives a possible trading interval of +/-¥3.50 (+/-14.85%) up or down from last closing price. If BEIJING WANJI TECHNOLOGY CO LTD takes out the full calculated possible swing range there will be an estimated 29.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥21.63 (8.27%) than the resistance at ¥26.98 (14.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BEIJING WANJI TECHNOLOGY CO LTD stock A Buy?
BEIJING WANJI 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.
Current score: -1.580 Sell Candidate Unchanged
Predicted Opening Price for BEIJING WANJI TECHNOLOGY CO LTD of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| ¥23.11 ( 2.01%) | ¥23.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300552.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.25 | 11.31 % | |
| R2 | 25.05 | 6.22 % | ||
| R1 | 24.31 | 3.08 % | ||
| Current price: | 23.58 | |||
| Support | S1 | 21.91 | -7.09 % | |
| S2 | 21.17 | -10.24 % | ||
| S3 | 19.97 | -15.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.11 | 23.45 % | |
| R2 | 28.00 | 18.74 % | ||
| R1 | 26.98 | 14.42 % | ||
| Current price | 23.58 | |||
| Support | S1 | 21.63 | -8.27% | |
| S2 | 20.46 | -13.23% | ||
| S3 | 18.35 | -22.18% |
300552 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2022 | May 17, 2022 | May 17, 2022 | ¥0.0400 | 0.231% |
| 2 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.610 | 1.93% |
| 3 | May 19, 2020 | May 19, 2020 | May 19, 2020 | ¥0.89 | 2.18% |
| 4 | Jun 10, 2019 | Jun 10, 2019 | Jun 10, 2019 | ¥0.0072 | 0.0558% |
| 5 | May 10, 2018 | May 10, 2018 | May 10, 2018 | ¥0.0389 | 0.284% |
FAQ
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