Shenzhen FRD Science & Technology Co Ltd Stock Forecast

Big movements in Shenzhen FRD Science & Technology Co Ltd stock price on Friday moving 10.16% between high and low
(Updated on May 31, 2024)

300602.SZ Signals & Forecast

The Shenzhen FRD Science & Technology Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥15.99 and ¥14.89. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, May 24, 2024, and so far it has fallen -0.654%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, August 01, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Shenzhen FRD Science & Technology Co Ltd stock

Shenzhen FRD Science & Technology Co Ltd finds support from accumulated volume at ¥16.39 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 ¥1.63 between high and low, or 10.16%. For the last week, the stock has had daily average volatility of 11.42%.

Our recommended stop-loss: ¥16.08 (-3.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 30 days ago.)

Trading Expectations (300602.SZ) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Shenzhen FRD Science & Technology Co Ltd to open at ¥16.82, and during the day (based on 14 day Average True Range), to move between ¥15.45 and ¥17.99, which gives a possible trading interval of +/-¥1.27 (+/-7.60%) up or down from last closing price. If Shenzhen FRD Science & Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 15.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥16.81 (0.54%) than the support at ¥16.39 (1.97%), 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 FRD Science & Technology Co Ltd stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.421 Buy Candidate Upgraded

Predicted Opening Price for Shenzhen FRD Science & Technology Co Ltd of Monday, June 3, 2024

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