RoboTechnik Intelligent Technology CoLtd Stock Forecast
Big movements in RoboTechnik Intelligent Technology CoLtd stock price on Monday moving 20.34% between high and low
(Updated on May 06, 2024)
The RoboTechnik Intelligent Technology CoLtd stock price fell by -11.22% on the last day (Monday, 6th May 2024) from ¥131.00 to ¥116.30. During the last trading day the stock fluctuated 20.34% from a day low at ¥111.02 to a day high of ¥133.60. The price has fallen in 7 of the last 10 days but is still up by 7.87% over the past 2 weeks. Volume has increased on the last day by 8 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 million shares were bought and sold for approximately ¥1.70 billion.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥101.86 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 47.63% during the next 3 months and, with a 90% probability hold a price between ¥150.37 and ¥262.46 at the end of this 3-month period.
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300757.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The RoboTechnik Intelligent Technology CoLtd 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 ¥118.87 and ¥122.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 29, 2024, and so far it has fallen -25.20%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for RoboTechnik Intelligent Technology CoLtd stock
RoboTechnik Intelligent Technology CoLtd finds support from accumulated volume at ¥113.04 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 ¥22.58 between high and low, or 20.34%. For the last week, the stock has had daily average volatility of 18.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300757.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect RoboTechnik Intelligent Technology CoLtd to open at ¥120.31, and during the day (based on 14 day Average True Range), to move between ¥101.48 and ¥131.12, which gives a possible trading interval of +/-¥14.82 (+/-12.74%) up or down from last closing price. If RoboTechnik Intelligent Technology CoLtd takes out the full calculated possible swing range there will be an estimated 25.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥118.85 (2.19%) than the support at ¥113.04 (2.80%), 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 RoboTechnik Intelligent Technology CoLtd stock A Buy?
The RoboTechnik Intelligent Technology CoLtd stock holds several negative signals and despite the positive trend, we believe RoboTechnik Intelligent Technology CoLtd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -4.433 Sell Candidate Downgraded
Predicted Opening Price for RoboTechnik Intelligent Technology CoLtd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥120.31 ( 3.45%) | ¥116.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300757.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 142.89 | 22.86 % | |
| R2 | 134.26 | 15.44 % | ||
| R1 | 128.93 | 10.86 % | ||
| Current price: | 116.30 | |||
| Support | S1 | 111.68 | -3.97 % | |
| S2 | 106.35 | -8.55 % | ||
| S3 | 97.73 | -15.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 131.70 | 13.24 % | |
| R2 | 122.88 | 5.66 % | ||
| R1 | 118.85 | 2.19 % | ||
| Current price | 116.30 | |||
| Support | S1 | 113.04 | -2.80% | |
| S2 | 108.88 | -6.38% | ||
| S3 | 94.20 | -19.00% |
300757 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | ¥0.100 | 0.133% |
| 2 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | ¥0.193 | 0.498% |
| 3 | Jun 19, 2019 | Jun 19, 2019 | Jun 19, 2019 | ¥0.192 | 0.560% |
FAQ
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