Beijing Andawell Scinc & Technlgy Co Ltd Stock Forecast
Evaluation of Beijing Andawell Scinc & Technlgy Co Ltd stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Beijing Andawell Scinc & Technlgy Co Ltd stock price gained 3.80% on the last trading day (Friday, 28th Jun 2024), rising from ¥16.33 to ¥16.95. During the last trading day the stock fluctuated 8.09% from a day low at ¥16.45 to a day high of ¥17.78. The price has fallen in 6 of the last 10 days and is down by -6.09% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 million more shares were traded than the day before. In total, 19 million shares were bought and sold for approximately ¥316.75 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 ¥14.80 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 14.78% during the next 3 months and, with a 90% probability hold a price between ¥16.98 and ¥31.22 at the end of this 3-month period.
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300719.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Beijing Andawell Scinc & Technlgy 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 ¥17.01 and ¥19.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -33.63%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Beijing Andawell Scinc & Technlgy Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥15.77 and ¥14.22. 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, Beijing Andawell Scinc & Technlgy Co Ltd finds support just below today's level at ¥15.77. If this is broken, then the next support from accumulated volume will be at ¥14.22 and ¥14.04.
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 ¥1.33 between high and low, or 8.09%. For the last week, the stock has had daily average volatility of 8.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300719.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Beijing Andawell Scinc & Technlgy Co Ltd to open at ¥17.06, and during the day (based on 14 day Average True Range), to move between ¥15.34 and ¥18.56, which gives a possible trading interval of +/-¥1.61 (+/-9.52%) up or down from last closing price. If Beijing Andawell Scinc & Technlgy Co Ltd takes out the full calculated possible swing range there will be an estimated 19.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥15.77 (6.96%) than the resistance at ¥18.92 (11.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beijing Andawell Scinc & Technlgy Co Ltd stock A Buy?
The Beijing Andawell Scinc & Technlgy Co Ltd stock holds several negative signals and despite the positive trend, we believe Beijing Andawell Scinc & Technlgy 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 Hold/Accumulate to a Sell candidate.
Current score: -1.872 Sell Candidate Downgraded
Predicted Opening Price for Beijing Andawell Scinc & Technlgy Co Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥17.06 ( 0.649%) | ¥16.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300719.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.39 | 8.50% |
| R2 | 17.88 | 5.50% |
| R1 | 17.57 | 3.65% |
| Price | 16.95 | |
| S1 | 16.55 | -2.35% |
| S2 | 16.24 | -4.20% |
| S3 | 15.73 | -7.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.66 | 21.89% |
| R2 | 20.15 | 18.88% |
| R1 | 18.92 | 11.62% |
| Price | 16.95 | |
| S1 | 15.77 | -6.96% |
| S2 | 14.22 | -16.11% |
| S3 | 14.04 | -17.17% |
300719 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 25, 2024 | Jun 25, 2024 | Jun 25, 2024 | ¥0.200 | 1.20% |
| 2 | Jul 07, 2022 | Jul 07, 2022 | Jul 07, 2022 | ¥0.0200 | 0.182% |
| 3 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | ¥0.200 | 1.32% |
| 4 | Jun 15, 2020 | Jun 15, 2020 | Jun 15, 2020 | ¥0.100 | 0.96% |
| 5 | Jun 13, 2019 | Jun 13, 2019 | Jun 13, 2019 | ¥0.200 | 1.76% |
FAQ
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