Shanghai Huace Navigation Technology Ltd Stock Forecast
Shanghai Huace Navigation Technology Ltd stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Shanghai Huace Navigation Technology Ltd stock price fell by -3.21% on the last day (Tuesday, 30th Apr 2024) from ¥30.23 to ¥29.26. During the last trading day the stock fluctuated 7.24% from a day low at ¥28.73 to a day high of ¥30.81. The price has risen in 7 of the last 10 days and is up by 16.53% over the past 2 weeks. Volume has increased on the last day by 317 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 million shares were bought and sold for approximately ¥323.27 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.20% during the next 3 months and, with a 90% probability hold a price between ¥28.51 and ¥33.98 at the end of this 3-month period.
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300627.SZ Signals & Forecast
The Shanghai Huace Navigation Technology 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 ¥29.18 and ¥26.67. 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). 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 Monday, April 29, 2024, and so far it has fallen -3.21%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Shanghai Huace Navigation Technology Ltd stock
Shanghai Huace Navigation Technology Ltd finds support from accumulated volume at ¥28.12 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 ¥2.08 between high and low, or 7.24%. For the last week, the stock has had daily average volatility of 10.12%.
Our recommended stop-loss: ¥28.10 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (300627.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Shanghai Huace Navigation Technology Ltd to open at ¥29.60, and during the day (based on 14 day Average True Range), to move between ¥27.40 and ¥31.12, which gives a possible trading interval of +/-¥1.86 (+/-6.34%) up or down from last closing price. If Shanghai Huace Navigation Technology Ltd takes out the full calculated possible swing range there will be an estimated 12.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥29.36 (0.34%) than the support at ¥28.12 (3.90%), 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 Shanghai Huace Navigation Technology Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shanghai Huace Navigation Technology Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.082 Buy Candidate Upgraded
Predicted Opening Price for Shanghai Huace Navigation Technology Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥29.60 ( 1.16%) | ¥29.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300627.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.68 | 8.27 % | |
| R2 | 30.89 | 5.56 % | ||
| R1 | 30.39 | 3.88 % | ||
| Current price: | 29.26 | |||
| Support | S1 | 28.81 | -1.55 % | |
| S2 | 28.31 | -3.23 % | ||
| S3 | 27.52 | -5.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.23 | 3.32 % | |
| R2 | 29.59 | 1.13 % | ||
| R1 | 29.36 | 0.342 % | ||
| Current price | 29.26 | |||
| Support | S1 | 28.12 | -3.90% | |
| S2 | 27.98 | -4.37% | ||
| S3 | 27.81 | -4.96% |
300627 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 19, 2023 | May 19, 2023 | May 19, 2023 | ¥0.270 | 0.95% |
| 2 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | ¥0.300 | 1.15% |
| 3 | May 21, 2021 | May 21, 2021 | May 21, 2021 | ¥0.179 | 0.87% |
| 4 | Jun 12, 2020 | Jun 12, 2020 | Jun 12, 2020 | ¥0.214 | 1.40% |
| 5 | Jul 16, 2019 | Jul 16, 2019 | Jul 16, 2019 | ¥0.102 | 1.07% |
FAQ
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