Hangzhou Anysoft Information Tech Co Ltd Stock Forecast

Hangzhou Anysoft Information Tech Co Ltd stock price ended at ¥25.99 on Monday, after losing 0%.
(Updated on May 06, 2024)

300571.SZ Signals & Forecast

There are mixed signals in the stock today. The Hangzhou Anysoft Information Tech 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 ¥26.82. On a fall, the stock will find some support from the short-term average at ¥24.78. 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. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -20.57%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Hangzhou Anysoft Information Tech Co Ltd stock

Hangzhou Anysoft Information Tech Co Ltd finds support from accumulated volume at ¥25.19 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 ¥0.690 between high and low, or 2.66%. For the last week, the stock has had daily average volatility of 8.03%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (300571.SZ) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Hangzhou Anysoft Information Tech Co Ltd to open at ¥26.21, and during the day (based on 14 day Average True Range), to move between ¥23.70 and ¥28.28, which gives a possible trading interval of +/-¥2.29 (+/-8.81%) up or down from last closing price. If Hangzhou Anysoft Information Tech Co Ltd takes out the full calculated possible swing range there will be an estimated 17.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥26.78 (3.04%) than the support at ¥25.19 (3.08%), 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 Anysoft Information Tech Co Ltd stock A Buy?

Hangzhou Anysoft Information Tech 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: -3.546 Sell Candidate Unchanged

Predicted Opening Price for Hangzhou Anysoft Information Tech Co Ltd of Tuesday, May 7, 2024

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