Chengdu Xiling Power Scinc & Tech Inc Co Stock Forecast
Big movements in Chengdu Xiling Power Scinc & Tech Inc Co stock price on Friday moving 17.76% between high and low
(Updated on May 31, 2024)
The Chengdu Xiling Power Scinc & Tech Inc Co stock price gained 7.82% on the last trading day (Friday, 31st May 2024), rising from ¥10.23 to ¥11.03. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 17.76% from a day low at ¥10.25 to a day high of ¥12.07. The price has been going up and down for this period, and there has been a 11.53% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 million more shares were traded than the day before. In total, 18 million shares were bought and sold for approximately ¥196.09 million.
The stock has broken the very wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ¥11.03, a level that may pose a second chance to hit a runner. According to fan-theory ¥13.75 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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300733.SZ Signals & Forecast
The Chengdu Xiling Power Scinc & Tech Inc Co stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥10.09 and ¥9.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 37.88%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Chengdu Xiling Power Scinc & Tech Inc Co stock
Chengdu Xiling Power Scinc & Tech Inc Co finds support from accumulated volume at ¥10.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥1.82 (17.76%) between high and low. For the last week, the stock has had daily average volatility of 7.44%.
Our recommended stop-loss: ¥10.63 (-3.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (300733.SZ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Chengdu Xiling Power Scinc & Tech Inc Co to open at ¥11.12, and during the day (based on 14 day Average True Range), to move between ¥10.41 and ¥11.65, which gives a possible trading interval of +/-¥0.622 (+/-5.64%) up or down from last closing price. If Chengdu Xiling Power Scinc & Tech Inc Co takes out the full calculated possible swing range there will be an estimated 11.27% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥10.56, some ¥0.470 (4.26%) from the current price of ¥11.03, our system finds the risk reward attractive.
Is Chengdu Xiling Power Scinc & Tech Inc Co stock A Buy?
Chengdu Xiling Power Scinc & Tech Inc Co holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Chengdu Xiling Power Scinc & Tech Inc Co of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ¥11.12 ( 0.786%) | ¥11.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300733.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.94 | 17.29 % | |
| R2 | 12.24 | 10.98 % | ||
| R1 | 11.81 | 7.09 % | ||
| Current price: | 11.03 | |||
| Support | S1 | 10.42 | -5.52 % | |
| S2 | 9.99 | -9.41 % | ||
| S3 | 9.30 | -15.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 11.03 | |||
| Support | S1 | 10.56 | -4.26% | |
| S2 | 10.23 | -7.25% | ||
| S3 | 9.89 | -10.34% |
300733 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | ¥0.100 | 0.634% |
| 2 | Jul 17, 2020 | Jul 17, 2020 | Jul 17, 2020 | ¥0.100 | 1.53% |
| 3 | May 30, 2019 | May 30, 2019 | May 30, 2019 | ¥0.125 | 1.54% |
| 4 | Jul 05, 2018 | Jul 05, 2018 | Jul 05, 2018 | ¥0.150 | 1.33% |
FAQ
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