Keshun Waterproof Technologies Co Ltd Stock Forecast
Green day on Wednesday for Keshun Waterproof Technologies Co Ltd
(Updated on Jun 26, 2024)
The Keshun Waterproof Technologies Co Ltd stock price gained 1.58% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥4.44 to ¥4.51. During the last trading day the stock fluctuated 3.67% from a day low at ¥4.36 to a day high of ¥4.52. The price has been going up and down for this period, and there has been a -8.15% loss for the last 2 weeks. Volume fell on the last day by -3 million shares and in total, 12 million shares were bought and sold for approximately ¥54.26 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 ¥4.39 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 13.10% during the next 3 months and, with a 90% probability hold a price between ¥4.96 and ¥7.72 at the end of this 3-month period.
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300737.SZ Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Keshun Waterproof Technologies 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 ¥4.53 and ¥5.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -30.51%. 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).
Support, Risk & Stop-loss for Keshun Waterproof Technologies Co Ltd stock
Keshun Waterproof Technologies Co Ltd finds support from accumulated volume at ¥4.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ¥0.160 between high and low, or 3.67%. For the last week, the stock has had daily average volatility of 5.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300737.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Keshun Waterproof Technologies Co Ltd to open at ¥4.46, and during the day (based on 14 day Average True Range), to move between ¥4.12 and ¥4.90, which gives a possible trading interval of +/-¥0.387 (+/-8.58%) 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 17.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥4.56 (1.11%) than the support at ¥4.45 (1.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Keshun Waterproof Technologies Co Ltd stock A Buy?
The Keshun Waterproof Technologies Co Ltd stock holds several negative signals and despite the positive trend, we believe Keshun Waterproof Technologies Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.229 Sell Candidate Unchanged
Predicted Opening Price for Keshun Waterproof Technologies Co Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥4.46 ( 1.03%) | ¥4.51 |
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 | |
|---|---|---|
| R3 | 4.62 | 2.51% |
| R2 | 4.56 | 1.16% |
| R1 | 4.52 | 0.320% |
| Price | 4.51 | |
| S1 | 4.40 | -2.39% |
| S2 | 4.36 | -3.23% |
| S3 | 4.30 | -4.58% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.20 | 15.30% |
| R2 | 4.93 | 9.31% |
| R1 | 4.56 | 1.11% |
| Price | 4.51 | |
| S1 | 4.45 | -1.33% |
| S2 | 4.03 | -10.64% |
| S3 | 4.00 | -11.31% |
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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