Guangdong High Dream Intlclzd Mcnr Co Ld Stock Forecast
Guangdong High Dream Intlclzd Mcnr Co Ld stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 17, 2024)
The Guangdong High Dream Intlclzd Mcnr Co Ld stock price fell by -3.47% on the last day (Monday, 17th Jun 2024) from ¥14.43 to ¥13.93. During the last trading day the stock fluctuated 3.61% from a day low at ¥13.86 to a day high of ¥14.36. The price has fallen in 8 of the last 10 days and is down by -27.45% for this period. Volume has increased on the last day by 94 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately ¥42.37 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥13.34 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 3.19% during the next 3 months and, with a 90% probability hold a price between ¥13.76 and ¥20.50 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.
300720.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Guangdong High Dream Intlclzd Mcnr Co Ld 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 ¥14.22 and ¥16.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -29.22%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Guangdong High Dream Intlclzd Mcnr Co Ld stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥12.92. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at ¥ may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.500 between high and low, or 3.61%. For the last week, the stock has had daily average volatility of 4.45%.
Our recommended stop-loss: ¥13.17 (-5.42%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (300720.SZ) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Guangdong High Dream Intlclzd Mcnr Co Ld to open at ¥14.05, and during the day (based on 14 day Average True Range), to move between ¥12.24 and ¥15.62, which gives a possible trading interval of +/-¥1.69 (+/-12.15%) up or down from last closing price. If Guangdong High Dream Intlclzd Mcnr Co Ld takes out the full calculated possible swing range there will be an estimated 24.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥12.92 (7.25%) than the resistance at ¥15.62 (12.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangdong High Dream Intlclzd Mcnr Co Ld stock A Buy?
Guangdong High Dream Intlclzd Mcnr Co Ld holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.925 Hold/Accumulate Upgraded
Predicted Opening Price for Guangdong High Dream Intlclzd Mcnr Co Ld of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ¥14.05 ( 0.86%) | ¥13.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300720.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.55 | 4.45% |
| R2 | 14.36 | 3.08% |
| R1 | 14.24 | 2.23% |
| Price | 13.93 | |
| S1 | 13.86 | -0.510% |
| S2 | 13.74 | -1.36% |
| S3 | 13.55 | -2.73% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.24 | 23.76% |
| R2 | 16.65 | 19.53% |
| R1 | 15.62 | 12.13% |
| Price | 13.93 | |
| S1 | 12.92 | -7.25% |
| S2 | 0 | - |
| S3 | 0 | - |
300720 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | May 31, 2024 | ¥0.180 | 0.94% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | ¥0.150 | 1.23% |
| 3 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | ¥0.200 | 1.89% |
| 4 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | ¥0.167 | 1.17% |
| 5 | Jun 03, 2020 | Jun 03, 2020 | Jun 03, 2020 | ¥0.111 | 1.35% |
FAQ
Click here for our free guide on how to buy Guangdong High Dream Intlclzd Mcnr Co Ld Stock.
