Changsha DIALINE Nw Mtrl Sci&Tech Co Ltd Stock Forecast
Changsha DIALINE Nw Mtrl Sci&Tech Co Ltd stock price ended at ¥7.67 on Wednesday, after losing 1.41%.
(Updated on May 15, 2024)
The Changsha DIALINE Nw Mtrl Sci&Tech Co Ltd stock price fell by -1.41% on the last day (Wednesday, 15th May 2024) from ¥7.78 to ¥7.67. During the last trading day the stock fluctuated 1.96% from a day low at ¥7.64 to a day high of ¥7.79. The price has been going up and down for this period, and there has been a -28.32% loss 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 -734 thousand shares and in total, 4 million shares were bought and sold for approximately ¥27.32 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥7.61 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.00% during the next 3 months and, with a 90% probability hold a price between ¥6.32 and ¥10.16 at the end of this 3-month period.
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300700.SZ Signals & Forecast
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 Changsha DIALINE Nw Mtrl Sci&Tech 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 ¥9.81 and ¥11.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -44.22%. Further fall is indicated until a new bottom pivot has been found. 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 Changsha DIALINE Nw Mtrl Sci&Tech Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ¥0.150 between high and low, or 1.96%. For the last week, the stock has had daily average volatility of 23.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300700.SZ) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Changsha DIALINE Nw Mtrl Sci&Tech Co Ltd to open at ¥7.70, and during the day (based on 14 day Average True Range), to move between ¥6.58 and ¥8.76, which gives a possible trading interval of +/-¥1.09 (+/-14.16%) up or down from last closing price. If Changsha DIALINE Nw Mtrl Sci&Tech Co Ltd takes out the full calculated possible swing range there will be an estimated 28.33% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ¥7.70, some ¥0.0300 (0.39%) from the current price of ¥7.67, our system finds the risk reward not very attractive.
Is Changsha DIALINE Nw Mtrl Sci&Tech Co Ltd stock A Buy?
Changsha DIALINE Nw Mtrl Sci&Tech Co Ltd 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.
Current score: -6.247 Strong Sell Candidate Unchanged
Predicted Opening Price for Changsha DIALINE Nw Mtrl Sci&Tech Co Ltd of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| ¥7.70 ( 0.391%) | ¥7.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300700.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.85 | 2.35 % | |
| R2 | 7.79 | 1.60 % | ||
| R1 | 7.76 | 1.14 % | ||
| Current price: | 7.67 | |||
| Support | S1 | 7.64 | -0.356 % | |
| S2 | 7.61 | -0.82 % | ||
| S3 | 7.55 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 7.78 | 1.43 % | ||
| R1 | 7.70 | 0.391 % | ||
| Current price | 7.67 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
300700 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 13, 2024 | ¥0.125 | 1.62% |
| 2 | Mar 04, 2019 | Mar 04, 2019 | Mar 04, 2019 | ¥0.0385 | 0.514% |
| 3 | May 10, 2018 | May 10, 2018 | May 10, 2018 | ¥0.128 | 0.672% |
FAQ
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