Keshun Waterproof Technologies Co Ltd Stock Forecast
Volatile ride for Keshun Waterproof Technologies Co Ltd stock price on Friday moving between ¥4.58 and ¥6.24
(Updated on May 17, 2024)
The Keshun Waterproof Technologies Co Ltd stock price gained 18.85% on the last trading day (Friday, 17th May 2024), rising from ¥5.20 to ¥6.18. It has now gained 4 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 36.24% from a day low at ¥4.58 to a day high of ¥6.24. The price has risen in 8 of the last 10 days and is up by 36.73% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 million more shares were traded than the day before. In total, 95 million shares were bought and sold for approximately ¥586.09 million.
Given the current short-term trend, the stock is expected to fall -10.55% during the next 3 months and, with a 90% probability hold a price between ¥3.20 and ¥5.53 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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300737.SZ Signals & Forecast
The Keshun Waterproof Technologies Co Ltd 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 ¥4.93 and ¥4.49. 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 61.78%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Keshun Waterproof Technologies Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥5.20 and ¥5.07. 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, Keshun Waterproof Technologies Co Ltd finds support just below today's level at ¥5.20. If this is broken, then the next support from accumulated volume will be at ¥5.07 and ¥4.87.
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 ¥1.66 between high and low, or 36.24%. For the last week, the stock has had daily average volatility of 12.39%.
The Keshun Waterproof Technologies Co Ltd stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ¥5.86 (-5.22%) (This stock has high daily movements and this gives high risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (300737.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Keshun Waterproof Technologies Co Ltd to open at ¥5.67, and during the day (based on 14 day Average True Range), to move between ¥5.79 and ¥6.57, which gives a possible trading interval of +/-¥0.389 (+/-6.29%) up or down from last closing price. If Keshun Waterproof Technologies Co Ltd takes out the full calculated possible swing range there will be an estimated 12.58% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥5.20, some ¥0.98 (15.86%) from the current price of ¥6.18, our system finds the risk reward attractive.
Earnings coming up
Keshun Waterproof Technologies Co Ltd will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for Keshun Waterproof Technologies Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.97% in the first trading day after earnings release.
Is Keshun Waterproof Technologies Co Ltd stock A Buy?
Keshun Waterproof Technologies Co Ltd 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Keshun Waterproof Technologies Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥5.67 ( 8.31%) | ¥6.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300737.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.33 | 18.55 % | |
| R2 | 6.69 | 8.29 % | ||
| R1 | 6.30 | 1.95 % | ||
| Current price: | 6.18 | |||
| Support | S1 | 5.03 | -18.57 % | |
| S2 | 4.64 | -24.91 % | ||
| S3 | 4.01 | -35.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 6.18 | |||
| Support | S1 | 5.20 | -15.86% | |
| S2 | 5.07 | -17.96% | ||
| S3 | 4.87 | -21.20% |
300737 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | ¥0.0500 | 0.510% |
| 2 | Jul 01, 2021 | Jul 01, 2021 | Jul 01, 2021 | ¥0.0830 | 0.478% |
| 3 | Jun 05, 2019 | Jun 05, 2019 | Jun 05, 2019 | ¥0.0278 | 0.531% |
| 4 | May 22, 2018 | May 22, 2018 | May 22, 2018 | ¥0.0278 | 0.329% |
FAQ
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