Anfu CE LINK Ltd Stock Forecast
Anfu CE LINK Ltd stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on May 08, 2024)
The Anfu CE LINK Ltd stock price fell by -1.80% on the last day (Wednesday, 8th May 2024) from ¥13.37 to ¥13.13. During the last trading day the stock fluctuated 2.76% from a day low at ¥13.02 to a day high of ¥13.38. The price has risen in 8 of the last 10 days and is up by 15.07% over the past 2 weeks. 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 -109 thousand shares and in total, 1 million shares were bought and sold for approximately ¥19.67 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Anfu CE LINK Ltd stock with a 90% probability to be traded between ¥10.41 and ¥14.02 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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300787.SZ Signals & Forecast
The Anfu CE LINK 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 ¥13.04 and ¥12.94. 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). 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, May 07, 2024, and so far it has fallen -1.80%. Further fall is indicated until a new bottom pivot has been found. 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 Anfu CE LINK Ltd stock
Anfu CE LINK Ltd finds support from accumulated volume at ¥12.97 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 ¥0.360 between high and low, or 2.76%. For the last week, the stock has had daily average volatility of 3.74%.
Our recommended stop-loss: ¥12.55 (-4.44%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (300787.SZ) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Anfu CE LINK Ltd to open at ¥13.18, and during the day (based on 14 day Average True Range), to move between ¥12.31 and ¥13.95, which gives a possible trading interval of +/-¥0.82 (+/-6.23%) up or down from last closing price. If Anfu CE LINK Ltd takes out the full calculated possible swing range there will be an estimated 12.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥12.97 (1.22%) than the resistance at ¥13.50 (2.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Anfu CE LINK Ltd will release earnings BMO on Thursday, May 16, 2024. We will update the financials statements for Anfu CE LINK Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.13% in the first trading day after earnings release.
Is Anfu CE LINK Ltd stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Anfu CE LINK Ltd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.309 Buy Candidate Upgraded
Predicted Opening Price for Anfu CE LINK Ltd of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ¥13.18 ( 0.355%) | ¥13.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300787.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.54 | 3.10 % | |
| R2 | 13.40 | 2.05 % | ||
| R1 | 13.31 | 1.40 % | ||
| Current price: | 13.13 | |||
| Support | S1 | 13.04 | -0.692 % | |
| S2 | 12.95 | -1.34 % | ||
| S3 | 12.82 | -2.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.10 | 7.39 % | |
| R2 | 13.80 | 5.10 % | ||
| R1 | 13.50 | 2.82 % | ||
| Current price | 13.13 | |||
| Support | S1 | 12.97 | -1.22% | |
| S2 | 12.37 | -5.79% | ||
| S3 | 12.14 | -7.54% |
300787 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 25, 2023 | May 25, 2023 | May 25, 2023 | ¥1.00 | 4.97% |
| 2 | May 12, 2022 | May 12, 2022 | May 12, 2022 | ¥0.500 | 3.08% |
| 3 | May 06, 2021 | May 06, 2021 | May 06, 2021 | ¥0.292 | 1.67% |
| 4 | May 14, 2020 | May 14, 2020 | May 14, 2020 | ¥0.278 | 1.38% |
FAQ
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