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AI Analysis of 300750.SZ
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Contemporary Amperex Technology Co Ltd stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 29, 2024 Gain 15.45% PDF

The Contemporary Amperex Technology Co Ltd stock price gained 0.415% on the last trading day (Thursday, 28th Mar 2024), rising from ¥188.00 to ¥188.78. During the last trading day the stock fluctuated 2.97% from a day low at ¥185.70 to a day high of ¥191.22. The price has fallen in 6 of the last 10 days but is still up by 2.7% over the past 2 weeks. Volume fell on the last day by -439 thousand shares and in total, 21 million shares were bought and sold for approximately ¥3.89 billion. 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 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 ¥193.11 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 25.06% during the next 3 months and, with a 90% probability hold a price between ¥207.19 and ¥241.50 at the end of this 3-month period.

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300750.SZ Signals & Forecast

The Contemporary Amperex 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 ¥188.35 and ¥170.90. 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). 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. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -1.57%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Contemporary Amperex Technology Co Ltd stock

Contemporary Amperex Technology Co Ltd finds support from accumulated volume at ¥185.84 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 ¥5.52 between high and low, or 2.97%. For the last week, the stock has had daily average volatility of 2.98%.

Our recommended stop-loss: ¥182.01 (-3.59%) (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 (300750.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Contemporary Amperex Technology Co Ltd to open at ¥188.57, and during the day (based on 14 day Average True Range), to move between ¥182.63 and ¥194.93, which gives a possible trading interval of +/-¥6.15 (+/-3.26%) up or down from last closing price. If Contemporary Amperex Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 6.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥189.48 (0.37%) than the support at ¥185.84 (1.56%), 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 Contemporary Amperex 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 Contemporary Amperex Technology Co Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.109 Buy Candidate Upgraded

Predicted Opening Price for Contemporary Amperex Technology Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥188.57 ( 0.113%) ¥188.78

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 300750.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 194.09 2.81 %
R2 191.98 1.69 %
R1 190.68 1.00 %
Current price: 188.78
Support S1 186.46 -1.23 %
S2 185.16 -1.92 %
S3 183.05 -3.04 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 191.80 1.60 %
R2 190.96 1.15 %
R1 189.48 0.371 %
Current price 188.78
Support S1 185.84 -1.56%
S2 180.85 -4.20%
S3 158.33 -16.13%

300750 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 26, 2023 Apr 26, 2023 Apr 26, 2023 ¥2.52 1.12%
2 Sep 28, 2022 Sep 28, 2022 Sep 28, 2022 ¥0.363 0.157%
3 Jul 05, 2021 Jul 05, 2021 Jul 05, 2021 ¥0.133 0.0462%
4 Jun 04, 2020 Jun 04, 2020 Jun 04, 2020 ¥0.122 0.147%
5 Jul 22, 2019 Jul 22, 2019 Jul 22, 2019 ¥0.0789 0.194%

FAQ

What is the symbol for Contemporary Amperex Technology Co Ltd Stock and on which exchange is it traded?
The symbol for Contemporary Amperex Technology Co Ltd is 300750.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Contemporary Amperex Technology Co Ltd Stock?
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 Contemporary Amperex Technology Co Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Contemporary Amperex Technology Co Ltd Stock?
Contemporary Amperex Technology Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Contemporary Amperex Technology Co Ltd Stock.

What's the current price of Contemporary Amperex Technology Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Contemporary Amperex Technology Co Ltd (300750.SZ) share was ¥188.78.

What is the 52-week high and low for Contemporary Amperex Technology Co Ltd Stock?
The 52-week high for Contemporary Amperex Technology Co Ltd Stock is ¥418.00 and the 52-week low is ¥140.40.

What is the market capitalization of Contemporary Amperex Technology Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Contemporary Amperex Technology Co Ltd is 841.28B.

When is the next earnings date for Contemporary Amperex Technology Co Ltd?
The upcoming earnings date for Contemporary Amperex Technology Co Ltd is Apr 19, 2024.
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About Contemporary Amperex Technology Co Ltd

Contemporary Amperex Technology Co Ltd Contemporary Amperex Technology Co., Limited engages in the manufacture and sale of electric vehicle and energy storage battery systems worldwide. The company's products are used in road passenger transport and heavy-duty transport application; light trucks, minibuses, and minivans for express, supermarket, and fresh food deliveries; electric washing vehicles, electric washing and sweeping vehicles, electric garbage trucks, and other vehicles; fo... 300750.SZ Profile

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