XDC Industries Shenzhen Ltd Stock Forecast
XDC Industries Shenzhen Ltd stock price down 1.02% on Tuesday
(Updated on Apr 30, 2024)
The XDC Industries Shenzhen Ltd stock price fell by -1.02% on the last day (Tuesday, 30th Apr 2024) from ¥10.78 to ¥10.67. During the last trading day the stock fluctuated 4.61% from a day low at ¥10.42 to a day high of ¥10.90. The price has been going up and down for this period, and there has been a 14.85% gain 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 -4 million shares and in total, 4 million shares were bought and sold for approximately ¥41.47 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect XDC Industries Shenzhen Ltd stock with a 90% probability to be traded between ¥8.68 and ¥13.98 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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300615.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The XDC Industries Shenzhen 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 ¥10.69 and ¥11.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -3.70%. Further fall is indicated until a new bottom pivot has been found. 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 XDC Industries Shenzhen Ltd stock
XDC Industries Shenzhen Ltd finds support from accumulated volume at ¥10.38 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 ¥0.480 between high and low, or 4.61%. For the last week, the stock has had daily average volatility of 5.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300615.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect XDC Industries Shenzhen Ltd to open at ¥10.66, and during the day (based on 14 day Average True Range), to move between ¥9.77 and ¥11.57, which gives a possible trading interval of +/-¥0.90 (+/-8.39%) up or down from last closing price. If XDC Industries Shenzhen Ltd takes out the full calculated possible swing range there will be an estimated 16.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥10.38 (2.72%) than the resistance at ¥11.49 (7.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is XDC Industries Shenzhen Ltd stock A Buy?
XDC Industries Shenzhen 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: -1.923 Sell Candidate Unchanged
Predicted Opening Price for XDC Industries Shenzhen Ltd of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
¥10.66 ( 0.0625%) | ¥10.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300615.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.14 | 4.44 % | |
R2 | 10.96 | 2.72 % | ||
R1 | 10.85 | 1.66 % | ||
Current price: | 10.67 | |||
Support | S1 | 10.48 | -1.78 % | |
S2 | 10.37 | -2.84 % | ||
S3 | 10.18 | -4.56 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.95 | 21.37 % | |
R2 | 12.84 | 20.34 % | ||
R1 | 11.49 | 7.69 % | ||
Current price | 10.67 | |||
Support | S1 | 10.38 | -2.72% | |
S2 | 10.33 | -3.19% | ||
S3 | 9.56 | -10.40% |
300615 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | ¥0.100 | 0.594% |
2 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.0500 | 0.495% |
3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.0500 | 0.496% |
4 | May 29, 2020 | May 29, 2020 | May 29, 2020 | ¥0.0500 | 0.317% |
5 | Jun 14, 2019 | Jun 14, 2019 | Jun 14, 2019 | ¥0.0385 | 0.133% |
FAQ
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