Shenzhen Sinexcel Electric Co Ltd Stock Forecast
Green day on Monday for Shenzhen Sinexcel Electric Co Ltd
(Updated on May 06, 2024)
The Shenzhen Sinexcel Electric Co Ltd stock price gained 0.97% on the last trading day (Monday, 6th May 2024), rising from ¥30.05 to ¥30.34. During the last trading day the stock fluctuated 3.25% from a day low at ¥30.11 to a day high of ¥31.09. The price has been going up and down for this period, and there has been a -3.96% loss for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 8 million shares were bought and sold for approximately ¥241.43 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 8.34% during the next 3 months and, with a 90% probability hold a price between ¥31.39 and ¥37.81 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300693.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 7.09%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shenzhen Sinexcel Electric 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 ¥30.45 and ¥30.46. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Shenzhen Sinexcel Electric Co Ltd stock
Shenzhen Sinexcel Electric Co Ltd finds support from accumulated volume at ¥30.27 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 ¥0.98 between high and low, or 3.25%. For the last week, the stock has had daily average volatility of 7.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300693.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Shenzhen Sinexcel Electric Co Ltd to open at ¥30.51, and during the day (based on 14 day Average True Range), to move between ¥28.50 and ¥32.18, which gives a possible trading interval of +/-¥1.84 (+/-6.06%) up or down from last closing price. If Shenzhen Sinexcel Electric Co Ltd takes out the full calculated possible swing range there will be an estimated 12.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥30.27 (0.23%) than the resistance at ¥30.80 (1.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shenzhen Sinexcel Electric Co Ltd stock A Buy?
The Shenzhen Sinexcel Electric Co Ltd stock holds several negative signals and despite the positive trend, we believe Shenzhen Sinexcel Electric Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.928 Sell Candidate Unchanged
Predicted Opening Price for Shenzhen Sinexcel Electric Co Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥30.51 ( 0.571%) | ¥30.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300693.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.49 | 3.80 % | |
| R2 | 31.12 | 2.57 % | ||
| R1 | 30.89 | 1.81 % | ||
| Current price: | 30.34 | |||
| Support | S1 | 30.14 | -0.663 % | |
| S2 | 29.91 | -1.42 % | ||
| S3 | 29.53 | -2.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.16 | 9.29 % | |
| R2 | 32.63 | 7.55 % | ||
| R1 | 30.80 | 1.52 % | ||
| Current price | 30.34 | |||
| Support | S1 | 30.27 | -0.231% | |
| S2 | 29.79 | -1.81% | ||
| S3 | 28.50 | -6.06% |
300693 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | Apr 24, 2024 | ¥0.330 | 1.06% |
| 2 | May 16, 2023 | May 16, 2023 | May 16, 2023 | ¥0.219 | 0.516% |
| 3 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | ¥0.120 | 0.737% |
| 4 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | ¥0.107 | 0.83% |
| 5 | Jun 17, 2020 | Jun 17, 2020 | Jun 17, 2020 | ¥0.0667 | 0.80% |
FAQ
Click here for our free guide on how to buy Shenzhen Sinexcel Electric Co Ltd Stock.
