RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 300624.SZ
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Volatile ride for Wondershare Technology Co Ltd stock price on Thursday moving between ¥92.50 and ¥105.50
(Updated on Mar 28, 2024)

Sell candidate since Mar 27, 2024 Gain 3.98% PDF

The Wondershare Technology Co Ltd stock price gained 3.98% on the last trading day (Thursday, 28th Mar 2024), rising from ¥92.90 to ¥96.60. During the last trading day the stock fluctuated 14.05% from a day low at ¥92.50 to a day high of ¥105.50. The price has risen in 6 of the last 10 days but is still down by -6.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 15 million shares were bought and sold for approximately ¥1.44 billion.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥92.72 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 31.07% during the next 3 months and, with a 90% probability hold a price between ¥121.53 and ¥152.82 at the end of this 3-month period.

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300624.SZ Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 3.98%. Further rise is indicated until a new top pivot has been found. 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. The Wondershare Technology Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥105.02 and ¥101.17. 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).

Support, Risk & Stop-loss for Wondershare Technology Co Ltd stock

Wondershare Technology Co Ltd finds support from accumulated volume at ¥95.08 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 ¥13.00 between high and low, or 14.05%. For the last week, the stock has had daily average volatility of 10.90%.

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

Trading Expectations (300624.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Wondershare Technology Co Ltd to open at ¥98.20, and during the day (based on 14 day Average True Range), to move between ¥88.33 and ¥104.87, which gives a possible trading interval of +/-¥8.27 (+/-8.56%) up or down from last closing price. If Wondershare Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 17.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥95.08 (1.57%) than the resistance at ¥100.58 (4.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Wondershare Technology Co Ltd stock A Buy?

The Wondershare Technology Co Ltd stock holds several negative signals and despite the positive trend, we believe Wondershare Technology Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.388 Sell Candidate Unchanged

Predicted Opening Price for Wondershare Technology Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥98.20 ( 1.66%) ¥96.60

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

Trading levels for 300624.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 111.20 15.11 %
R2 106.23 9.97 %
R1 103.17 6.80 %
Current price: 96.60
Support S1 93.23 -3.48 %
S2 90.17 -6.66 %
S3 85.20 -11.80 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 113.58 17.58 %
R2 104.95 8.64 %
R1 100.58 4.12 %
Current price 96.60
Support S1 95.08 -1.57%
S2 94.40 -2.28%
S3 83.40 -13.66%

300624 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 21, 2021 May 21, 2021 May 21, 2021 ¥0.200 0.457%
2 May 22, 2020 May 22, 2020 May 22, 2020 ¥0.219 0.421%
3 May 09, 2019 May 09, 2019 May 09, 2019 ¥0.156 0.520%
4 May 23, 2018 May 23, 2018 May 23, 2018 ¥0.125 0.162%

FAQ

What is the symbol for Wondershare Technology Co Ltd Stock and on which exchange is it traded?
The symbol for Wondershare Technology Co Ltd is 300624.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Wondershare Technology Co Ltd Stock?
The Wondershare Technology Co Ltd stock holds several negative signals and despite the positive trend, we believe Wondershare Technology Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Wondershare Technology Co Ltd Stock?
Wondershare Technology Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Wondershare Technology Co Ltd Stock.

What's the current price of Wondershare Technology Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Wondershare Technology Co Ltd (300624.SZ) share was ¥96.60.

What is the 52-week high and low for Wondershare Technology Co Ltd Stock?
The 52-week high for Wondershare Technology Co Ltd Stock is ¥172.20 and the 52-week low is ¥67.89.

What is the market capitalization of Wondershare Technology Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Wondershare Technology Co Ltd is 13.302B.
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About Wondershare Technology Co Ltd

Wondershare Technology Co Ltd Wondershare Technology Group Co., Ltd. develops application software products in China and internationally. The company offers various applications for video and photo solutions that include Creative Center, Filmora, UniConverter, Online UniConverter, DemoCreator, Filmii, FilmoraPro, FlimoraGo, DemoAir, DVD Creator, VidAir, Videap, Filmstock, Anireel, PixStudio, PixCut, and Cropro; PDFelement, Document Cloud, and PDF Reader for PDF solutions; Edr... 300624.SZ Profile

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