Shenzhen Jove Enterprise Co., Ltd. Stock Forecast
Shenzhen Jove Enterprise Co., Ltd. stock price ended at ¥32.29 on Friday, after gaining 4.80%.
(Updated on Jun 28, 2024)
The Shenzhen Jove Enterprise Co., Ltd. stock price gained 4.80% on the last trading day (Friday, 28th Jun 2024), rising from ¥30.81 to ¥32.29. During the last trading day the stock fluctuated 8.03% from a day low at ¥30.25 to a day high of ¥32.68. The price has risen in 6 of the last 10 days and is up by 2.41% 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, 3 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately ¥278.52 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 8.95% during the next 3 months and, with a 90% probability hold a price between ¥33.20 and ¥37.13 at the end of this 3-month period.
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300814.SZ Signals & Forecast
The Shenzhen Jove Enterprise Co., 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 ¥31.59 and ¥31.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 7.24%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Shenzhen Jove Enterprise Co., Ltd. stock
Shenzhen Jove Enterprise Co., Ltd. finds support from accumulated volume at ¥31.53 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 ¥2.43 between high and low, or 8.03%. For the last week, the stock has had daily average volatility of 7.49%.
Our recommended stop-loss: ¥30.95 (-4.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (300814.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shenzhen Jove Enterprise Co., Ltd. to open at ¥31.74, and during the day (based on 14 day Average True Range), to move between ¥29.71 and ¥34.87, which gives a possible trading interval of +/-¥2.58 (+/-7.98%) up or down from last closing price. If Shenzhen Jove Enterprise Co., Ltd. takes out the full calculated possible swing range there will be an estimated 15.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥32.48 (0.59%) than the support at ¥31.53 (2.35%), 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 Shenzhen Jove Enterprise Co., Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shenzhen Jove Enterprise Co., Ltd. stock to perform well in the short-term.
Current score: 4.502 Buy Candidate Unchanged
Predicted Opening Price for Shenzhen Jove Enterprise Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥31.74 ( 1.70%) | ¥32.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300814.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.17 | 5.82% |
| R2 | 33.24 | 2.95% |
| R1 | 32.67 | 1.17% |
| Price | 32.29 | |
| S1 | 30.81 | -4.58% |
| S2 | 30.24 | -6.35% |
| S3 | 29.31 | -9.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.23 | 2.91% |
| R2 | 32.51 | 0.681% |
| R1 | 32.48 | 0.588% |
| Price | 32.29 | |
| S1 | 31.53 | -2.35% |
| S2 | 31.33 | -2.97% |
| S3 | 30.10 | -6.78% |
300814 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | ¥0.160 | 0.560% |
| 2 | Jul 12, 2022 | Jul 12, 2022 | Jul 12, 2022 | ¥0.160 | 0.93% |
FAQ
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