Client Service International Inc Stock Forecast
Weaker technical forecast for Client Service International Inc as stock downgraded to Sell Candidate.
(Updated on May 08, 2024)
The Client Service International Inc stock price fell by -3.12% on the last day (Wednesday, 8th May 2024) from ¥10.58 to ¥10.25. During the last trading day the stock fluctuated 4.42% from a day low at ¥10.19 to a day high of ¥10.64. The price has risen in 6 of the last 10 days and is up by 9.51% over the past 2 weeks. Volume has increased on the last day by 533 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, 9 million shares were bought and sold for approximately ¥89.78 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.15% during the next 3 months and, with a 90% probability hold a price between ¥7.97 and ¥11.13 at the end of this 3-month period.
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300663.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 14.65%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Client Service International Inc 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 ¥10.39 and ¥10.86. A break-up above any of these levels will issue buy signals. 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 Client Service International Inc stock
Client Service International Inc finds support from accumulated volume at ¥10.18 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 ¥0.450 between high and low, or 4.42%. For the last week, the stock has had daily average volatility of 5.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300663.SZ) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Client Service International Inc to open at ¥10.36, and during the day (based on 14 day Average True Range), to move between ¥9.54 and ¥10.96, which gives a possible trading interval of +/-¥0.706 (+/-6.89%) up or down from last closing price. If Client Service International Inc takes out the full calculated possible swing range there will be an estimated 13.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥10.18 (0.68%) than the resistance at ¥11.30 (10.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Client Service International Inc will release earnings BMO on Thursday, May 16, 2024. We will update the financials statements for Client Service International Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.05% in the first trading day after earnings release.
Is Client Service International Inc stock A Buy?
Client Service International Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.485 Sell Candidate Downgraded
Predicted Opening Price for Client Service International Inc of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ¥10.36 ( 1.07%) | ¥10.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300663.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.81 | 5.46 % | |
| R2 | 10.64 | 3.79 % | ||
| R1 | 10.53 | 2.75 % | ||
| Current price: | 10.25 | |||
| Support | S1 | 10.19 | -0.604 % | |
| S2 | 10.08 | -1.64 % | ||
| S3 | 9.91 | -3.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.63 | 23.22 % | |
| R2 | 12.35 | 20.49 % | ||
| R1 | 11.30 | 10.24 % | ||
| Current price | 10.25 | |||
| Support | S1 | 10.18 | -0.683% | |
| S2 | 10.08 | -1.66% | ||
| S3 | 9.89 | -3.51% |
300663 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 11, 2023 | Jul 11, 2023 | Jul 11, 2023 | ¥0.0100 | 0.0739% |
| 2 | Jul 15, 2021 | Jul 15, 2021 | Jul 15, 2021 | ¥0.0200 | 0.0765% |
| 3 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | ¥0.0167 | 0.0774% |
| 4 | May 27, 2019 | May 27, 2019 | May 27, 2019 | ¥0.0156 | 0.0834% |
| 5 | Jun 05, 2018 | Jun 05, 2018 | Jun 05, 2018 | ¥0.0147 | 0.155% |
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