Jiangsu Aukura Smart Trsn Eng Tech CoLtd Stock Forecast
On Friday, Jiangsu Aukura Smart Trsn Eng Tech CoLtd stock price gained an impressive 6.12%
(Updated on May 24, 2024)
The Jiangsu Aukura Smart Trsn Eng Tech CoLtd stock price gained 6.12% on the last trading day (Friday, 24th May 2024), rising from ¥25.80 to ¥27.38. During the last trading day the stock fluctuated 9.30% from a day low at ¥25.60 to a day high of ¥27.98. The price has been going up and down for this period, and there has been a -4.57% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately ¥156.98 million.
The stock lies in the middle of a 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 -4.42% during the next 3 months and, with a 90% probability hold a price between ¥23.31 and ¥28.58 at the end of this 3-month period.
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300617.SZ Signals & Forecast
Mostly positive signals in the chart today. The Jiangsu Aukura Smart Trsn Eng Tech CoLtd 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 ¥27.26 and ¥27.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 6.12%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Jiangsu Aukura Smart Trsn Eng Tech CoLtd stock
Jiangsu Aukura Smart Trsn Eng Tech CoLtd finds support from accumulated volume at ¥26.44 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 ¥2.38 between high and low, or 9.30%. For the last week, the stock has had daily average volatility of 7.36%.
Our recommended stop-loss: ¥26.18 (-4.39%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (300617.SZ) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Jiangsu Aukura Smart Trsn Eng Tech CoLtd to open at ¥26.99, and during the day (based on 14 day Average True Range), to move between ¥25.59 and ¥29.17, which gives a possible trading interval of +/-¥1.79 (+/-6.54%) up or down from last closing price. If Jiangsu Aukura Smart Trsn Eng Tech CoLtd takes out the full calculated possible swing range there will be an estimated 13.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥26.44 (3.43%) than the resistance at ¥28.49 (4.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jiangsu Aukura Smart Trsn Eng Tech CoLtd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.574 Buy Candidate Upgraded
Predicted Opening Price for Jiangsu Aukura Smart Trsn Eng Tech CoLtd of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ¥26.99 ( 1.44%) | ¥27.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300617.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.37 | 7.26 % | |
| R2 | 28.46 | 3.94 % | ||
| R1 | 27.90 | 1.88 % | ||
| Current price: | 27.38 | |||
| Support | S1 | 26.08 | -4.76 % | |
| S2 | 25.52 | -6.81 % | ||
| S3 | 24.61 | -10.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.09 | 9.90 % | |
| R2 | 28.69 | 4.78 % | ||
| R1 | 28.49 | 4.05 % | ||
| Current price | 27.38 | |||
| Support | S1 | 26.44 | -3.43% | |
| S2 | 26.39 | -3.62% | ||
| S3 | 25.01 | -8.66% |
300617 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2022 | May 06, 2022 | May 06, 2022 | ¥0.500 | 1.46% |
| 2 | Mar 02, 2021 | Mar 02, 2021 | Mar 02, 2021 | ¥0.500 | 1.19% |
| 3 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | ¥0.385 | 1.42% |
| 4 | May 14, 2019 | May 14, 2019 | May 14, 2019 | ¥0.385 | 2.29% |
| 5 | May 22, 2018 | May 22, 2018 | May 22, 2018 | ¥0.256 | 1.14% |
FAQ
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