Zhuzhou Feilu High-tech Materials Co Ltd Stock Forecast
Red day on Friday for Zhuzhou Feilu High-tech Materials Co Ltd stock after losing 3.22%
(Updated on May 10, 2024)
The Zhuzhou Feilu High-tech Materials Co Ltd stock price fell by -3.22% on the last day (Friday, 10th May 2024) from ¥6.53 to ¥6.32. During the last trading day the stock fluctuated 5.10% from a day low at ¥6.28 to a day high of ¥6.60. The price has been going up and down for this period, and there has been a 0.8% gain for the last 2 weeks. 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 -90 thousand shares and in total, 7 million shares were bought and sold for approximately ¥43.21 million.
The stock lies in the middle of a very wide and weak 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 7.65% during the next 3 months and, with a 90% probability hold a price between ¥6.13 and ¥7.99 at the end of this 3-month period.
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300665.SZ Signals & Forecast
There are mixed signals in the stock today. The Zhuzhou Feilu High-tech Materials 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 ¥6.39 and ¥6.64. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 13.87%. 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).
Support, Risk & Stop-loss for Zhuzhou Feilu High-tech Materials Co Ltd stock
Zhuzhou Feilu High-tech Materials Co Ltd finds support from accumulated volume at ¥6.19 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 ¥0.320 between high and low, or 5.10%. For the last week, the stock has had daily average volatility of 4.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300665.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Zhuzhou Feilu High-tech Materials Co Ltd to open at ¥6.40, and during the day (based on 14 day Average True Range), to move between ¥5.90 and ¥6.74, which gives a possible trading interval of +/-¥0.422 (+/-6.68%) up or down from last closing price. If Zhuzhou Feilu High-tech Materials Co Ltd takes out the full calculated possible swing range there will be an estimated 13.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥6.39 (1.11%) than the support at ¥6.19 (2.06%), 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.
Earnings coming up
Zhuzhou Feilu High-tech Materials Co Ltd will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for Zhuzhou Feilu High-tech Materials Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.03% in the first trading day after earnings release.
Is Zhuzhou Feilu High-tech Materials Co Ltd stock A Buy?
Zhuzhou Feilu High-tech Materials Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.744 Sell Candidate Unchanged
Predicted Opening Price for Zhuzhou Feilu High-tech Materials Co Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ¥6.40 ( 1.27%) | ¥6.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300665.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.72 | 6.33 % | |
| R2 | 6.60 | 4.39 % | ||
| R1 | 6.52 | 3.20 % | ||
| Current price: | 6.32 | |||
| Support | S1 | 6.28 | -0.668 % | |
| S2 | 6.20 | -1.86 % | ||
| S3 | 6.08 | -3.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.14 | 12.97 % | |
| R2 | 6.47 | 2.37 % | ||
| R1 | 6.39 | 1.11 % | ||
| Current price | 6.32 | |||
| Support | S1 | 6.19 | -2.06% | |
| S2 | 6.15 | -2.69% | ||
| S3 | 5.81 | -8.07% |
300665 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2021 | Jun 03, 2021 | Jun 03, 2021 | ¥0.0429 | 0.506% |
| 2 | Jul 15, 2019 | Jul 15, 2019 | Jul 15, 2019 | ¥0.0357 | 0.468% |
| 3 | Jul 06, 2018 | Jul 06, 2018 | Jul 06, 2018 | ¥0.0223 | 0.252% |
FAQ
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