Shaoxing Bsm Chemical Co., Ltd. Stock Forecast
Shaoxing Bsm Chemical Co., Ltd. stock price ended at ¥14.47 on Friday, after losing 0.344%.
(Updated on Jun 28, 2024)
The Shaoxing Bsm Chemical Co., Ltd. stock price fell by -0.344% on the last day (Friday, 28th Jun 2024) from ¥14.52 to ¥14.47. During the last trading day the stock fluctuated 5.31% from a day low at ¥13.93 to a day high of ¥14.67. The price has been going up and down for this period, and there has been a -3.28% loss for the last 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 -648 thousand shares and in total, 2 million shares were bought and sold for approximately ¥31.63 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.46% during the next 3 months and, with a 90% probability hold a price between ¥13.06 and ¥15.44 at the end of this 3-month period.
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300796.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 4.03%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shaoxing Bsm Chemical Co., Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥14.69. On a fall, the stock will find some support from the short-term average at ¥14.39. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Shaoxing Bsm Chemical Co., Ltd. stock
Shaoxing Bsm Chemical Co., Ltd. finds support from accumulated volume at ¥14.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.740 between high and low, or 5.31%. For the last week the stock has had daily average volatility of 5.00%.
Our recommended stop-loss: ¥13.83 (-4.45%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (300796.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shaoxing Bsm Chemical Co., Ltd. to open at ¥14.36, and during the day (based on 14 day Average True Range), to move between ¥13.80 and ¥15.14, which gives a possible trading interval of +/-¥0.668 (+/-4.62%) up or down from last closing price. If Shaoxing Bsm Chemical Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥14.29 (1.24%) than the resistance at ¥15.01 (3.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shaoxing Bsm Chemical Co., Ltd. stock A Buy?
Shaoxing Bsm Chemical Co., Ltd. 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.
Current score: -0.625 Hold/Accumulate Unchanged
Predicted Opening Price for Shaoxing Bsm Chemical Co., Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
¥14.36 ( 0.783%) | ¥14.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300796.SZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.10 | 4.33% |
R2 | 14.81 | 2.38% |
R1 | 14.64 | 1.17% |
Price | 14.47 | |
S1 | 14.07 | -2.74% |
S2 | 13.90 | -3.94% |
S3 | 13.62 | -5.90% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.30 | 5.74% |
R2 | 15.04 | 3.94% |
R1 | 15.01 | 3.73% |
Price | 14.47 | |
S1 | 14.29 | -1.24% |
S2 | 14.15 | -2.21% |
S3 | 13.91 | -3.87% |
300796 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | ¥0.0400 | 0.273% |
2 | Apr 10, 2023 | Apr 10, 2023 | Apr 10, 2023 | ¥0.120 | 0.91% |
3 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | ¥0.0333 | 0.416% |
4 | Jun 24, 2021 | Jun 24, 2021 | Jun 24, 2021 | ¥0.0198 | 0.275% |
5 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | ¥0.0317 | 0.392% |
FAQ
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