Shenzhen Fluence Technology PLC Stock Forecast
Shenzhen Fluence Technology PLC stock price ended at ¥4.84 on Friday, after gaining 0.624%.
(Updated on May 17, 2024)
The Shenzhen Fluence Technology PLC stock price gained 0.624% on the last trading day (Friday, 17th May 2024), rising from ¥4.81 to ¥4.84. During the last trading day the stock fluctuated 3.86% from a day low at ¥4.66 to a day high of ¥4.84. The price has risen in 6 of the last 10 days and is up by 3.2% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 18 million shares were bought and sold for approximately ¥85.33 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 Shenzhen Fluence Technology PLC stock with a 90% probability to be traded between ¥3.32 and ¥5.29 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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300647.SZ Signals & Forecast
Mostly positive signals in the chart today. The Shenzhen Fluence Technology PLC 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 ¥4.68 and ¥4.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 42.35%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Shenzhen Fluence Technology PLC stock
Shenzhen Fluence Technology PLC finds support from accumulated volume at ¥4.72 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 ¥0.180 between high and low, or 3.86%. For the last week, the stock has had daily average volatility of 6.24%.
Our recommended stop-loss: ¥4.58 (-5.36%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (300647.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Shenzhen Fluence Technology PLC to open at ¥4.78, and during the day (based on 14 day Average True Range), to move between ¥4.46 and ¥5.22, which gives a possible trading interval of +/-¥0.379 (+/-7.82%) up or down from last closing price. If Shenzhen Fluence Technology PLC takes out the full calculated possible swing range there will be an estimated 15.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.72 (2.48%) than the resistance at ¥5.17 (6.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shenzhen Fluence Technology PLC stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Shenzhen Fluence Technology PLC stock to perform well in the short-term period.
Current score: 2.739 Buy Candidate Unchanged
Predicted Opening Price for Shenzhen Fluence Technology PLC of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥4.78 ( 1.24%) | ¥4.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300647.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.96 | 2.48 % | |
| R2 | 4.89 | 1.06 % | ||
| R1 | 4.85 | 0.181 % | ||
| Current price: | 4.84 | |||
| Support | S1 | 4.71 | -2.66 % | |
| S2 | 4.67 | -3.54 % | ||
| S3 | 4.60 | -4.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.44 | 12.40 % | |
| R2 | 5.18 | 7.02 % | ||
| R1 | 5.17 | 6.82 % | ||
| Current price | 4.84 | |||
| Support | S1 | 4.72 | -2.48% | |
| S2 | 4.60 | -4.96% | ||
| S3 | 4.43 | -8.47% |
300647 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2020 | May 15, 2020 | May 15, 2020 | ¥0.0067 | 0.0796% |
| 2 | Jul 09, 2019 | Jul 09, 2019 | Jul 09, 2019 | ¥0.0100 | 0.107% |
| 3 | Jun 01, 2018 | Jun 01, 2018 | Jun 01, 2018 | ¥0.0370 | 0.442% |
| 4 | Oct 18, 2017 | Oct 18, 2017 | Oct 18, 2017 | ¥0.0463 | 0.553% |
FAQ
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