Hunan Goke Microelectronics Co Ltd Stock Forecast
Big movements in Hunan Goke Microelectronics Co Ltd stock price on Tuesday moving 11.48% between high and low
(Updated on Jun 25, 2024)
The Hunan Goke Microelectronics Co Ltd stock price fell by -4.46% on the last day (Tuesday, 25th Jun 2024) from ¥54.06 to ¥51.65. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 11.48% from a day low at ¥51.13 to a day high of ¥57.00. The price has fallen in 7 of the last 10 days and is down by -14.75% 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 -187 thousand shares and in total, 10 million shares were bought and sold for approximately ¥530.21 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 ¥49.09 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 22.54% during the next 3 months and, with a 90% probability hold a price between ¥60.16 and ¥81.15 at the end of this 3-month period.
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300672.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Hunan Goke Microelectronics Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥56.70 and ¥54.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -19.67%. Further fall is indicated until a new bottom pivot has been found. 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 Hunan Goke Microelectronics Co Ltd stock
Hunan Goke Microelectronics Co Ltd finds support from accumulated volume at ¥51.27 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 ¥5.87 between high and low, or 11.48%. For the last week, the stock has had daily average volatility of 6.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300672.SZ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Hunan Goke Microelectronics Co Ltd to open at ¥53.26, and during the day (based on 14 day Average True Range), to move between ¥47.70 and ¥55.60, which gives a possible trading interval of +/-¥3.95 (+/-7.64%) up or down from last closing price. If Hunan Goke Microelectronics Co Ltd takes out the full calculated possible swing range there will be an estimated 15.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥51.27 (0.74%) than the resistance at ¥59.80 (15.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hunan Goke Microelectronics Co Ltd stock A Buy?
The Hunan Goke Microelectronics Co Ltd stock holds several negative signals and despite the positive trend, we believe Hunan Goke Microelectronics Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -3.151 Sell Candidate Downgraded
Predicted Opening Price for Hunan Goke Microelectronics Co Ltd of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ¥53.26 ( 3.12%) | ¥51.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300672.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 59.13 | 14.48% |
| R2 | 56.89 | 10.14% |
| R1 | 55.50 | 7.46% |
| Price | 51.65 | |
| S1 | 51.02 | -1.22% |
| S2 | 49.63 | -3.91% |
| S3 | 47.39 | -8.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 62.45 | 20.91% |
| R2 | 61.44 | 18.95% |
| R1 | 59.80 | 15.78% |
| Price | 51.65 | |
| S1 | 51.27 | -0.736% |
| S2 | 50.18 | -2.85% |
| S3 | 49.83 | -3.52% |
300672 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2024 | Jun 12, 2024 | Jun 12, 2024 | ¥0.300 | 0.471% |
| 2 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | ¥0.300 | 0.352% |
| 3 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | ¥0.400 | 0.550% |
| 4 | Jul 16, 2021 | Jul 16, 2021 | Jul 16, 2021 | ¥0.320 | 0.222% |
| 5 | Jul 03, 2020 | Jul 03, 2020 | Jul 03, 2020 | ¥0.100 | 0.178% |
FAQ
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