Shenzhen Longli Technology Co Ltd Stock Forecast

Big movements in Shenzhen Longli Technology Co Ltd stock price on Thursday moving 12.38% between high and low
(Updated on Apr 18, 2024)

300752.SZ Signals & Forecast

There are few to no technical positive signals at the moment. The Shenzhen Longli Technology 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 ¥10.79 and ¥12.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -21.31%. 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). 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 Shenzhen Longli Technology Co Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at ¥9.92 and ¥9.65. 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, Shenzhen Longli Technology Co Ltd finds support just below today's level at ¥9.92. If this is broken, then the next support from accumulated volume will be at ¥9.65 and ¥8.44.

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 ¥1.26 between high and low, or 12.38%. For the last week, the stock has had daily average volatility of 15.27%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (300752.SZ) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Shenzhen Longli Technology Co Ltd to open at ¥10.70, and during the day (based on 14 day Average True Range), to move between ¥9.44 and ¥11.54, which gives a possible trading interval of +/-¥1.05 (+/-9.97%) up or down from last closing price. If Shenzhen Longli Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 19.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥11.01 (4.96%) than the support at ¥9.92 (5.43%), 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 Shenzhen Longli Technology Co Ltd stock A Buy?

Shenzhen Longli Technology Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.472 Sell Candidate Unchanged

Predicted Opening Price for Shenzhen Longli Technology Co Ltd of Friday, April 19, 2024

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