Amoy Diagnostics Co Ltd Stock Forecast
Amoy Diagnostics Co Ltd stock price ended at ¥21.88 on Tuesday, after losing 0%.
(Updated on Apr 30, 2024)
No changes to the price of Amoy Diagnostics Co Ltd stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 5.74% from a day low at ¥21.09 to a day high of ¥22.30. The price has risen in 6 of the last 10 days and is up by 8.59% over the past 2 weeks.
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 12.12% during the next 3 months and, with a 90% probability hold a price between ¥20.56 and ¥28.01 at the end of this 3-month period.
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300685.SZ Signals & Forecast
The Amoy Diagnostics Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥21.58 and ¥21.85. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -7.41%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Amoy Diagnostics Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥19.68 and ¥19.38. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Amoy Diagnostics Co Ltd finds support just below today's level at ¥19.68. If this is broken, then the next support from accumulated volume will be at ¥19.38 and ¥18.94.
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 ¥1.21 between high and low, or 5.74%. For the last week, the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: ¥20.77 (-5.09%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (300685.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Amoy Diagnostics Co Ltd to open at ¥21.76, and during the day (based on 14 day Average True Range), to move between ¥20.83 and ¥22.93, which gives a possible trading interval of +/-¥1.05 (+/-4.78%) up or down from last closing price. If Amoy Diagnostics Co Ltd takes out the full calculated possible swing range there will be an estimated 9.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥22.01 (0.59%) than the support at ¥19.68 (10.05%), 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.
Is Amoy Diagnostics Co Ltd stock A Buy?
Amoy Diagnostics 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.
Current score: -0.421 Hold/Accumulate Unchanged
Predicted Opening Price for Amoy Diagnostics Co Ltd of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
¥21.76 ( 0.564%) | ¥21.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300685.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.97 | 4.97 % | |
R2 | 22.50 | 2.85 % | ||
R1 | 22.22 | 1.55 % | ||
Current price: | 21.88 | |||
Support | S1 | 21.29 | -2.68 % | |
S2 | 21.01 | -3.98 % | ||
S3 | 20.55 | -6.09 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.80 | 4.20 % | |
R2 | 22.50 | 2.83 % | ||
R1 | 22.01 | 0.594 % | ||
Current price | 21.88 | |||
Support | S1 | 19.68 | -10.05% | |
S2 | 19.38 | -11.43% | ||
S3 | 18.94 | -13.44% |
300685 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 23, 2023 | May 23, 2023 | May 23, 2023 | ¥0.140 | 0.533% |
2 | May 31, 2022 | May 31, 2022 | May 31, 2022 | ¥0.230 | 0.82% |
3 | Jun 09, 2021 | Jun 09, 2021 | Jun 09, 2021 | ¥0.139 | 0.276% |
4 | Jun 16, 2020 | Jun 16, 2020 | Jun 16, 2020 | ¥0.139 | 0.375% |
5 | May 21, 2019 | May 21, 2019 | May 21, 2019 | ¥0.0667 | 0.342% |
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