Hangzhou Todaytec Digital Co Ltd Stock Forecast
Volatile ride for Hangzhou Todaytec Digital Co Ltd stock price on Thursday moving between ¥9.96 and ¥12.07
(Updated on Apr 25, 2024)
The Hangzhou Todaytec Digital Co Ltd stock price gained 0.419% on the last trading day (Thursday, 25th Apr 2024), rising from ¥11.92 to ¥11.97. During the last trading day the stock fluctuated 21.18% from a day low at ¥9.96 to a day high of ¥12.07. The price has been going up and down for this period, and there has been a 8.52% gain for the last 2 weeks. Volume fell on the last day by -9 million shares and in total, 11 million shares were bought and sold for approximately ¥137.58 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 upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ¥12.38 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 15.47% during the next 3 months and, with a 90% probability hold a price between ¥10.43 and ¥14.29 at the end of this 3-month period.
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300743.SZ Signals & Forecast
A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -2.84%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Hangzhou Todaytec Digital Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥10.92 and ¥10.94. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for Hangzhou Todaytec Digital Co Ltd stock
Hangzhou Todaytec Digital Co Ltd finds support from accumulated volume at ¥11.92 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 ¥2.11 between high and low, or 21.18%. For the last week, the stock has had daily average volatility of 19.85%.
Our recommended stop-loss: ¥11.44 (-4.46%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (300743.SZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Hangzhou Todaytec Digital Co Ltd to open at ¥11.33, and during the day (based on 14 day Average True Range), to move between ¥10.73 and ¥13.21, which gives a possible trading interval of +/-¥1.24 (+/-10.34%) up or down from last closing price. If Hangzhou Todaytec Digital Co Ltd takes out the full calculated possible swing range there will be an estimated 20.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥11.92 (0.42%) than the resistance at ¥12.06 (0.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hangzhou Todaytec Digital Co Ltd stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.377 Buy Candidate Upgraded
Predicted Opening Price for Hangzhou Todaytec Digital Co Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ¥11.33 ( 5.32%) | ¥11.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300743.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.44 | 12.31 % | |
| R2 | 12.64 | 5.57 % | ||
| R1 | 12.14 | 1.41 % | ||
| Current price: | 11.97 | |||
| Support | S1 | 10.53 | -12.05 % | |
| S2 | 10.03 | -16.21 % | ||
| S3 | 9.22 | -22.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 12.32 | 2.92 % | ||
| R1 | 12.06 | 0.752 % | ||
| Current price | 11.97 | |||
| Support | S1 | 11.92 | -0.418% | |
| S2 | 10.08 | -15.79% | ||
| S3 | 9.80 | -18.13% |
300743 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 11, 2023 | Jul 11, 2023 | Jul 11, 2023 | ¥0.250 | 1.65% |
| 2 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | ¥0.150 | 1.30% |
| 3 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | ¥0.214 | 1.88% |
| 4 | Jul 02, 2020 | Jul 02, 2020 | Jul 02, 2020 | ¥0.142 | 1.22% |
| 5 | Jun 25, 2019 | Jun 25, 2019 | Jun 25, 2019 | ¥0.143 | 0.791% |
FAQ
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