Vats Liquor Chain Store Management JSC Stock Forecast
Evaluation of Vats Liquor Chain Store Management JSC stock downgraded after the last trading session.
(Updated on May 06, 2024)
The Vats Liquor Chain Store Management JSC stock price gained 2.92% on the last trading day (Monday, 6th May 2024), rising from ¥17.78 to ¥18.30. During the last trading day the stock fluctuated 4.84% from a day low at ¥17.77 to a day high of ¥18.63. The price has risen in 6 of the last 10 days and is up by 13.31% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ¥74.64 million.
The stock has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. ¥17.59 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach ¥19.32 sometime during the next 3 months.
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300755.SZ Signals & Forecast
The Vats Liquor Chain Store Management JSC 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 ¥17.27 and ¥16.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 15.02%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Vats Liquor Chain Store Management JSC stock
Vats Liquor Chain Store Management JSC finds support from accumulated volume at ¥17.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.86 between high and low, or 4.84%. For the last week, the stock has had daily average volatility of 6.67%.
Our recommended stop-loss: ¥17.62 (-3.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (300755.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Vats Liquor Chain Store Management JSC to open at ¥18.23, and during the day (based on 14 day Average True Range), to move between ¥17.49 and ¥19.11, which gives a possible trading interval of +/-¥0.81 (+/-4.41%) up or down from last closing price. If Vats Liquor Chain Store Management JSC takes out the full calculated possible swing range there will be an estimated 8.82% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥17.85, some ¥0.450 (2.46%) from the current price of ¥18.30, our system finds the risk reward attractive.
Earnings coming up
Vats Liquor Chain Store Management JSC will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Vats Liquor Chain Store Management JSC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.27% in the first trading day after earnings release.
Is Vats Liquor Chain Store Management JSC stock A Buy?
Vats Liquor Chain Store Management JSC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Vats Liquor Chain Store Management JSC of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥18.23 ( 0.364%) | ¥18.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300755.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.09 | 4.34 % | |
| R2 | 18.76 | 2.54 % | ||
| R1 | 18.56 | 1.43 % | ||
| Current price: | 18.30 | |||
| Support | S1 | 17.90 | -2.16 % | |
| S2 | 17.70 | -3.27 % | ||
| S3 | 17.37 | -5.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 18.30 | |||
| Support | S1 | 17.85 | -2.46% | |
| S2 | 17.55 | -4.10% | ||
| S3 | 16.70 | -8.74% |
300755 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2023 | Jun 12, 2023 | Jun 12, 2023 | ¥0.176 | 0.708% |
| 2 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.330 | 0.98% |
| 3 | Jun 04, 2021 | Jun 04, 2021 | Jun 04, 2021 | ¥0.180 | 0.384% |
| 4 | Jul 17, 2020 | Jul 17, 2020 | Jul 17, 2020 | ¥0.160 | 0.516% |
| 5 | Jun 05, 2019 | Jun 05, 2019 | Jun 05, 2019 | ¥0.111 | 0.657% |
FAQ
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