Hang Zhou Radicl Energy-Svng Tech Co Ltd Stock Forecast
Evaluation of Hang Zhou Radicl Energy-Svng Tech Co Ltd stock downgraded after the last trading session.
(Updated on May 06, 2024)
The Hang Zhou Radicl Energy-Svng Tech Co Ltd stock price gained 2.27% on the last trading day (Monday, 6th May 2024), rising from ¥25.13 to ¥25.70. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.62% from a day low at ¥24.86 to a day high of ¥25.76. The price has risen in 8 of the last 10 days and is up by 21.92% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 3 million shares were bought and sold for approximately ¥72.42 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 lies in the middle of a very 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 36.93% during the next 3 months and, with a 90% probability hold a price between ¥28.07 and ¥37.38 at the end of this 3-month period.
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300652.SZ Signals & Forecast
The Hang Zhou Radicl Energy-Svng Tech Co 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 ¥23.53 and ¥22.44. 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 35.26%. 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 Hang Zhou Radicl Energy-Svng Tech Co Ltd stock
Hang Zhou Radicl Energy-Svng Tech Co Ltd finds support from accumulated volume at ¥24.92 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 ¥0.90 between high and low, or 3.62%. For the last week, the stock has had daily average volatility of 11.81%.
Since the Hang Zhou Radicl Energy-Svng Tech Co Ltd has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: ¥24.87 (-3.22%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (300652.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Hang Zhou Radicl Energy-Svng Tech Co Ltd to open at ¥25.44, and during the day (based on 14 day Average True Range), to move between ¥23.73 and ¥27.67, which gives a possible trading interval of +/-¥1.97 (+/-7.66%) up or down from last closing price. If Hang Zhou Radicl Energy-Svng Tech Co Ltd takes out the full calculated possible swing range there will be an estimated 15.32% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥24.92, some ¥0.780 (3.04%) from the current price of ¥25.70, our system finds the risk reward attractive.
Is Hang Zhou Radicl Energy-Svng Tech Co Ltd stock A Buy?
Hang Zhou Radicl Energy-Svng Tech Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Hang Zhou Radicl Energy-Svng Tech Co Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥25.44 ( 1.01%) | ¥25.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300652.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.34 | 2.49 % | |
| R2 | 26.00 | 1.15 % | ||
| R1 | 25.78 | 0.326 % | ||
| Current price: | 25.70 | |||
| Support | S1 | 25.10 | -2.35 % | |
| S2 | 24.88 | -3.18 % | ||
| S3 | 24.54 | -4.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 25.70 | |||
| Support | S1 | 24.92 | -3.04% | |
| S2 | 22.90 | -10.89% | ||
| S3 | 22.46 | -12.61% |
300652 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2023 | May 30, 2023 | May 30, 2023 | ¥0.400 | 1.90% |
| 2 | May 30, 2022 | May 30, 2022 | May 30, 2022 | ¥0.300 | 1.58% |
| 3 | Jul 01, 2021 | Jul 01, 2021 | Jul 01, 2021 | ¥0.500 | 2.72% |
| 4 | Jul 10, 2020 | Jul 10, 2020 | Jul 10, 2020 | ¥0.250 | 1.23% |
| 5 | Apr 25, 2019 | Apr 25, 2019 | Apr 25, 2019 | ¥0.200 | 0.90% |
FAQ
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