GHT Co Ltd Stock Forecast
Green day on Friday for GHT Co Ltd
(Updated on May 31, 2024)
The GHT Co Ltd stock price gained 1.83% on the last trading day (Friday, 31st May 2024), rising from ¥16.92 to ¥17.23. During the last trading day the stock fluctuated 2.90% from a day low at ¥16.90 to a day high of ¥17.39. The price has fallen in 6 of the last 10 days and is down by -13.85% for this period. Volume fell on the last day by -3 million shares and in total, 11 million shares were bought and sold for approximately ¥182.78 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 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 ¥15.71 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 55.05% during the next 3 months and, with a 90% probability hold a price between ¥24.36 and ¥43.60 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.
300711.SZ Signals & Forecast
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 GHT 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 ¥18.24 and ¥18.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -28.68%. 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).
Support, Risk & Stop-loss for GHT Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥14.73 and ¥14.55. 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, GHT Co Ltd finds support just below today's level at ¥14.73. If this is broken, then the next support from accumulated volume will be at ¥14.55 and ¥14.23.
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 ¥0.490 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 9.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300711.SZ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect GHT Co Ltd to open at ¥17.17, and during the day (based on 14 day Average True Range), to move between ¥14.87 and ¥19.59, which gives a possible trading interval of +/-¥2.36 (+/-13.71%) up or down from last closing price. If GHT Co Ltd takes out the full calculated possible swing range there will be an estimated 27.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥14.73 (14.51%) than the resistance at ¥20.83 (20.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
GHT Co Ltd will release earnings BMO on Tuesday, June 04, 2024. We will update the financials statements for GHT Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.54% in the first trading day after earnings release.
Is GHT Co Ltd stock A Buy?
The GHT Co Ltd stock holds several negative signals and despite the positive trend, we believe GHT Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.807 Sell Candidate Unchanged
Predicted Opening Price for GHT Co Ltd of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ¥17.17 ( 0.329%) | ¥17.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300711.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.66 | 2.51 % | |
| R2 | 17.48 | 1.43 % | ||
| R1 | 17.36 | 0.757 % | ||
| Current price: | 17.23 | |||
| Support | S1 | 16.99 | -1.42 % | |
| S2 | 16.87 | -2.09 % | ||
| S3 | 16.68 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.08 | 22.34 % | |
| R2 | 20.95 | 21.59 % | ||
| R1 | 20.83 | 20.89 % | ||
| Current price | 17.23 | |||
| Support | S1 | 14.73 | -14.51% | |
| S2 | 14.55 | -15.55% | ||
| S3 | 14.23 | -17.41% |
300711 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2023 | May 31, 2023 | May 31, 2023 | ¥0.0800 | 0.627% |
| 2 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | ¥0.110 | 1.19% |
| 3 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | ¥0.0380 | 0.296% |
| 4 | Jun 12, 2020 | Jun 12, 2020 | Jun 12, 2020 | ¥0.0280 | 0.289% |
| 5 | Jul 11, 2019 | Jul 11, 2019 | Jul 11, 2019 | ¥0.0194 | 0.171% |
FAQ
Click here for our free guide on how to buy GHT Co Ltd Stock.
