Hangzhou Jizhi Mechatronic Co., Ltd. Stock Forecast
Red day on Friday for Hangzhou Jizhi Mechatronic Co., Ltd.
(Updated on Jun 21, 2024)
The Hangzhou Jizhi Mechatronic Co., Ltd. stock price fell by -1.70% on the last day (Friday, 21st Jun 2024) from ¥23.57 to ¥23.17. During the last trading day the stock fluctuated 2.98% from a day low at ¥22.81 to a day high of ¥23.49. The price has been going up and down for this period, and there has been a -2.81% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -462 thousand shares and in total, 774 thousand shares were bought and sold for approximately ¥17.94 million.
The stock lies in the middle of a very 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 -19.18% during the next 3 months and, with a 90% probability hold a price between ¥17.48 and ¥23.64 at the end of this 3-month period.
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300553.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 2.03%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hangzhou Jizhi Mechatronic Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥23.95 and ¥25.97. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Hangzhou Jizhi Mechatronic Co., Ltd. stock
Hangzhou Jizhi Mechatronic Co., Ltd. finds support from accumulated volume at ¥22.71 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 ¥0.680 between high and low, or 2.98%. For the last week, the stock has had daily average volatility of 5.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300553.SZ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Hangzhou Jizhi Mechatronic Co., Ltd. to open at ¥23.16, and during the day (based on 14 day Average True Range), to move between ¥21.48 and ¥24.86, which gives a possible trading interval of +/-¥1.69 (+/-7.28%) up or down from last closing price. If Hangzhou Jizhi Mechatronic Co., Ltd. takes out the full calculated possible swing range there will be an estimated 14.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥23.45 (1.21%) than the support at ¥22.71 (1.99%), 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 Hangzhou Jizhi Mechatronic Co., Ltd. stock A Buy?
Hangzhou Jizhi Mechatronic Co., Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.533 Sell Candidate Unchanged
Predicted Opening Price for Hangzhou Jizhi Mechatronic Co., Ltd. of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
¥23.16 ( 0.0575%) | ¥23.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300553.SZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.84 | 2.88% |
R2 | 23.58 | 1.76% |
R1 | 23.42 | 1.06% |
Price | 23.17 | |
S1 | 22.90 | -1.18% |
S2 | 22.74 | -1.87% |
S3 | 22.48 | -2.99% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 27.87 | 20.28% |
R2 | 27.42 | 18.34% |
R1 | 23.45 | 1.21% |
Price | 23.17 | |
S1 | 22.71 | -1.99% |
S2 | 0 | - |
S3 | 0 | - |
300553 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 24, 2024 | May 24, 2024 | May 24, 2024 | ¥0.0700 | 0.270% |
2 | May 16, 2023 | May 16, 2023 | May 16, 2023 | ¥0.100 | 0.211% |
3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.154 | 0.711% |
4 | May 22, 2019 | May 22, 2019 | May 22, 2019 | ¥0.154 | 0.594% |
5 | May 30, 2018 | May 30, 2018 | May 30, 2018 | ¥0.192 | 0.625% |
FAQ
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