BEIJING WANJI TECHNOLOGY CO LTD Stock Forecast
High volatility in BEIJING WANJI TECHNOLOGY CO LTD stock price on Tuesday which ended trading at ¥27.30
(Updated on Apr 30, 2024)
The BEIJING WANJI TECHNOLOGY CO LTD stock price gained 1.34% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥26.94 to ¥27.30. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 35.66% from a day low at ¥22.88 to a day high of ¥31.04. The price has risen in 6 of the last 10 days and is up by 37.05% 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, 5 million more shares were traded than the day before. In total, 27 million shares were bought and sold for approximately ¥737.11 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 43.04% during the next 3 months and, with a 90% probability hold a price between ¥30.81 and ¥50.59 at the end of this 3-month period.
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300552.SZ Signals & Forecast
The BEIJING WANJI TECHNOLOGY CO LTD 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 ¥23.82 and ¥24.90. 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 Monday, April 01, 2024, and so far it has fallen -14.37%. 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 BEIJING WANJI TECHNOLOGY CO LTD stock
BEIJING WANJI TECHNOLOGY CO LTD finds support from accumulated volume at ¥26.98 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 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 ¥8.16 between high and low, or 35.66%. For the last week, the stock has had daily average volatility of 19.81%.
Our recommended stop-loss: ¥26.17 (-4.15%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (300552.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect BEIJING WANJI TECHNOLOGY CO LTD to open at ¥27.07, and during the day (based on 14 day Average True Range), to move between ¥23.44 and ¥31.16, which gives a possible trading interval of +/-¥3.86 (+/-14.15%) 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 28.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥26.98 (1.17%) than the resistance at ¥29.11 (6.63%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BEIJING WANJI TECHNOLOGY CO LTD stock to perform well in the short-term.
Current score: 1.292 Buy Candidate Unchanged
Predicted Opening Price for BEIJING WANJI TECHNOLOGY CO LTD of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥27.07 ( 0.83%) | ¥27.30 |
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 | 35.23 | 29.06 % | |
| R2 | 32.12 | 17.64 % | ||
| R1 | 30.19 | 10.59 % | ||
| Current price: | 27.30 | |||
| Support | S1 | 23.96 | -12.25 % | |
| S2 | 22.03 | -19.30 % | ||
| S3 | 18.91 | -30.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.23 | 14.40 % | |
| R2 | 29.88 | 9.45 % | ||
| R1 | 29.11 | 6.63 % | ||
| Current price | 27.30 | |||
| Support | S1 | 26.98 | -1.17% | |
| S2 | 26.00 | -4.76% | ||
| S3 | 21.63 | -20.77% |
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% |
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