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 24, 2024)
The Vats Liquor Chain Store Management JSC stock price fell by -1.04% on the last day (Friday, 24th May 2024) from ¥17.36 to ¥17.18. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.13% from a day low at ¥17.18 to a day high of ¥17.89. The price has fallen in 7 of the last 10 days and is down by -3.97% for this period. 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 -1 million shares and in total, 2 million shares were bought and sold for approximately ¥26.69 million.
The stock lies in the middle of a wide and weak 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 6.33% during the next 3 months and, with a 90% probability hold a price between ¥17.42 and ¥19.79 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300755.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Vats Liquor Chain Store Management JSC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥17.83 and ¥17.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -6.48%. 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 Vats Liquor Chain Store Management JSC stock
Vats Liquor Chain Store Management JSC finds support from accumulated volume at ¥16.78 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 ¥0.710 between high and low, or 4.13%. For the last week, the stock has had daily average volatility of 3.88%.
Our recommended stop-loss: ¥16.31 (-5.07%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (300755.SZ) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Vats Liquor Chain Store Management JSC to open at ¥17.42, and during the day (based on 14 day Average True Range), to move between ¥16.50 and ¥17.86, which gives a possible trading interval of +/-¥0.681 (+/-3.97%) 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 7.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥17.55 (2.15%) than the support at ¥16.78 (2.33%), 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 Vats Liquor Chain Store Management JSC stock A Buy?
Vats Liquor Chain Store Management JSC holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.527 Hold/Accumulate Downgraded
Predicted Opening Price for Vats Liquor Chain Store Management JSC of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ¥17.42 ( 1.38%) | ¥17.18 |
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 | 18.13 | 5.51 % | |
| R2 | 17.86 | 3.93 % | ||
| R1 | 17.69 | 2.96 % | ||
| Current price: | 17.18 | |||
| Support | S1 | 17.15 | -0.201 % | |
| S2 | 16.98 | -1.18 % | ||
| S3 | 16.71 | -2.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.07 | 5.18 % | |
| R2 | 17.85 | 3.90 % | ||
| R1 | 17.55 | 2.15 % | ||
| Current price | 17.18 | |||
| Support | S1 | 16.78 | -2.33% | |
| S2 | 16.46 | -4.19% | ||
| S3 | 16.35 | -4.83% |
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
Click here for our free guide on how to buy Vats Liquor Chain Store Management JSC Stock.
