Astro-century Education & Tech Co Ltd Stock Forecast
Volatile ride for Astro-century Education & Tech Co Ltd stock price on Friday moving between ¥9.32 and ¥10.95
(Updated on Apr 19, 2024)
The Astro-century Education & Tech Co Ltd stock price fell by -2.49% on the last day (Friday, 19th Apr 2024) from ¥9.62 to ¥9.38. During the last trading day the stock fluctuated 17.49% from a day low at ¥9.32 to a day high of ¥10.95. The price has fallen in 7 of the last 10 days and is down by -17.43% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 million shares and in total, 17 million shares were bought and sold for approximately ¥155.18 million.
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 ¥8.94 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 26.62% during the next 3 months and, with a 90% probability hold a price between ¥11.31 and ¥19.23 at the end of this 3-month period.
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300654.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.96%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Astro-century Education & Tech Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥9.86 and ¥10.96. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Astro-century Education & Tech Co Ltd stock
Astro-century Education & Tech Co Ltd finds support from accumulated volume at ¥9.13 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥1.63 between high and low, or 17.49%. For the last week, the stock has had daily average volatility of 18.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300654.SZ) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Astro-century Education & Tech Co Ltd to open at ¥9.88, and during the day (based on 14 day Average True Range), to move between ¥8.01 and ¥10.75, which gives a possible trading interval of +/-¥1.37 (+/-14.61%) up or down from last closing price. If Astro-century Education & Tech Co Ltd takes out the full calculated possible swing range there will be an estimated 29.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥9.13 (2.67%) than the resistance at ¥9.79 (4.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Astro-century Education & Tech Co Ltd stock A Buy?
The Astro-century Education & Tech Co Ltd stock holds several negative signals and despite the positive trend, we believe Astro-century Education & Tech Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.817 Sell Candidate Unchanged
Predicted Opening Price for Astro-century Education & Tech Co Ltd of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| ¥9.88 ( 5.37%) | ¥9.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300654.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.51 | 22.74 % | |
| R2 | 10.89 | 16.11 % | ||
| R1 | 10.51 | 12.00 % | ||
| Current price: | 9.38 | |||
| Support | S1 | 9.26 | -1.27 % | |
| S2 | 8.88 | -5.37 % | ||
| S3 | 8.25 | -12.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.75 | 14.61 % | |
| R2 | 10.61 | 13.11 % | ||
| R1 | 9.79 | 4.37 % | ||
| Current price | 9.38 | |||
| Support | S1 | 9.13 | -2.67% | |
| S2 | 9.12 | -2.77% | ||
| S3 | 8.54 | -8.96% |
300654 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 10, 2023 | Apr 10, 2023 | Apr 10, 2023 | ¥0.0800 | 1.09% |
| 2 | May 30, 2022 | May 30, 2022 | May 30, 2022 | ¥0.0441 | 0.86% |
| 3 | Jun 01, 2021 | Jun 01, 2021 | Jun 01, 2021 | ¥0.0500 | 1.04% |
| 4 | Jun 17, 2020 | Jun 17, 2020 | Jun 17, 2020 | ¥0.0441 | 0.767% |
| 5 | Jun 10, 2019 | Jun 10, 2019 | Jun 10, 2019 | ¥0.0317 | 0.550% |
FAQ
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