Guangdong Aofei Data Technology Co Ltd Stock Forecast
Red day on Monday for Guangdong Aofei Data Technology Co Ltd stock after losing 0.242%
(Updated on May 20, 2024)
The Guangdong Aofei Data Technology Co Ltd stock price fell by -0.242% on the last day (Monday, 20th May 2024) from ¥12.38 to ¥12.35. During the last trading day the stock fluctuated 6.78% from a day low at ¥11.80 to a day high of ¥12.60. The price has risen in 6 of the last 10 days and is up by 3.69% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -43 million shares and in total, 88 million shares were bought and sold for approximately ¥1.09 billion.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.76% during the next 3 months and, with a 90% probability hold a price between ¥12.33 and ¥19.65 at the end of this 3-month period.
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300738.SZ Signals & Forecast
The Guangdong Aofei Data Technology 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 ¥11.78 and ¥11.62. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -16.67%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Guangdong Aofei Data Technology Co Ltd stock
Guangdong Aofei Data Technology Co Ltd finds support from accumulated volume at ¥12.13 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 ¥0.800 between high and low, or 6.78%. For the last week, the stock has had daily average volatility of 7.05%.
Our recommended stop-loss: ¥11.65 (-5.64%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 66 days ago.)
Trading Expectations (300738.SZ) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Guangdong Aofei Data Technology Co Ltd to open at ¥12.25, and during the day (based on 14 day Average True Range), to move between ¥11.41 and ¥13.29, which gives a possible trading interval of +/-¥0.94 (+/-7.57%) up or down from last closing price. If Guangdong Aofei Data Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 15.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥12.13 (1.78%) than the resistance at ¥12.80 (3.64%), 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 Aofei Data Technology Co Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Guangdong Aofei Data Technology Co Ltd stock to perform well in the short-term.
Current score: 3.787 Buy Candidate Unchanged
Predicted Opening Price for Guangdong Aofei Data Technology Co Ltd of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
¥12.25 ( 0.81%) | ¥12.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300738.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.05 | 5.67 % | |
R2 | 12.74 | 3.19 % | ||
R1 | 12.56 | 1.66 % | ||
Current price: | 12.35 | |||
Support | S1 | 11.94 | -3.28 % | |
S2 | 11.76 | -4.81 % | ||
S3 | 11.45 | -7.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.82 | 20.00 % | |
R2 | 13.90 | 12.55 % | ||
R1 | 12.80 | 3.64 % | ||
Current price | 12.35 | |||
Support | S1 | 12.13 | -1.78% | |
S2 | 11.46 | -7.21% | ||
S3 | 11.15 | -9.72% |
300738 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 26, 2023 | May 26, 2023 | May 26, 2023 | ¥0.0250 | 0.243% |
2 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | ¥0.0450 | 0.526% |
3 | Apr 08, 2021 | Apr 08, 2021 | Apr 08, 2021 | ¥0.0231 | 0.216% |
4 | Apr 29, 2020 | Apr 29, 2020 | Apr 29, 2020 | ¥0.0182 | 0.181% |
5 | May 08, 2019 | May 08, 2019 | May 08, 2019 | ¥0.0327 | 0.83% |
FAQ
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