Jiangxi Xinyu Guoke Technology Co Ltd Stock Forecast
Jiangxi Xinyu Guoke Technology Co Ltd stock price down 4.74% on Wednesday
(Updated on Jul 03, 2024)
The Jiangxi Xinyu Guoke Technology Co Ltd stock price fell by -4.74% on the last day (Wednesday, 3rd Jul 2024) from ¥19.84 to ¥18.90. During the last trading day the stock fluctuated 5.14% from a day low at ¥18.87 to a day high of ¥19.84. The price has fallen in 6 of the last 10 days and is down by -19.44% for this period. Volume has increased on the last day by 2 million 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, 8 million shares were bought and sold for approximately ¥156.93 million.
Given the current short-term trend, the stock is expected to rise 7.34% during the next 3 months and, with a 90% probability hold a price between ¥20.29 and ¥32.43 at the end of this 3-month period.
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300722.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Jiangxi Xinyu Guoke Technology 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 ¥19.61 and ¥23.60. 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 24, 2024, and so far it has fallen -35.47%. 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 Jiangxi Xinyu Guoke Technology 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 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 ¥0.97 between high and low, or 5.14%. For the last week, the stock has had daily average volatility of 5.06%.
Jiangxi Xinyu Guoke Technology Co Ltd is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300722.SZ) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Jiangxi Xinyu Guoke Technology Co Ltd to open at ¥19.20, and during the day (based on 14 day Average True Range), to move between ¥16.44 and ¥21.36, which gives a possible trading interval of +/-¥2.46 (+/-13.03%) up or down from last closing price. If Jiangxi Xinyu Guoke Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 26.06% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ¥20.01, some ¥1.11 (5.87%) from the current price of ¥18.90, our system finds the risk reward not very attractive.
Is Jiangxi Xinyu Guoke Technology Co Ltd stock A Buy?
The Jiangxi Xinyu Guoke Technology Co Ltd stock holds several negative signals and despite the positive trend, we believe Jiangxi Xinyu Guoke Technology Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.869 Sell Candidate Unchanged
Predicted Opening Price for Jiangxi Xinyu Guoke Technology Co Ltd of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ¥19.20 ( 1.60%) | ¥18.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300722.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.17 | 6.74% |
| R2 | 19.80 | 4.78% |
| R1 | 19.57 | 3.57% |
| Price | 18.90 | |
| S1 | 18.83 | -0.356% |
| S2 | 18.60 | -1.57% |
| S3 | 18.23 | -3.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.46 | 24.13% |
| R2 | 20.05 | 6.08% |
| R1 | 20.01 | 5.87% |
| Price | 18.90 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
300722 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 18, 2024 | Jun 18, 2024 | Jun 18, 2024 | ¥0.160 | 0.682% |
| 2 | Jul 21, 2023 | Jul 21, 2023 | Jul 21, 2023 | ¥0.150 | 0.732% |
| 3 | May 17, 2022 | May 17, 2022 | May 17, 2022 | ¥0.170 | 0.87% |
| 4 | May 14, 2021 | May 14, 2021 | May 14, 2021 | ¥0.167 | 0.636% |
| 5 | May 21, 2020 | May 21, 2020 | May 21, 2020 | ¥0.146 | 1.80% |
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