Sihui Fuji Electronics Technology Co., Stock Forecast
Big movements in Sihui Fuji Electronics Technology Co., stock price on Friday moving 16.10% between high and low
(Updated on Jun 28, 2024)
The Sihui Fuji Electronics Technology Co., stock price gained 2.68% on the last trading day (Friday, 28th Jun 2024), rising from ¥28.36 to ¥29.12. During the last trading day the stock fluctuated 16.10% from a day low at ¥25.41 to a day high of ¥29.50. The price has fallen in 6 of the last 10 days but is still up by 14.78% over the past 2 weeks. Volume fell on the last day by -657 thousand shares and in total, 10 million shares were bought and sold for approximately ¥280.27 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong 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 29.05% during the next 3 months and, with a 90% probability hold a price between ¥32.09 and ¥39.00 at the end of this 3-month period.
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300852.SZ Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -2.90%. 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). The Sihui Fuji Electronics Technology Co., 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 ¥27.67 and ¥24.93. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Sihui Fuji Electronics Technology Co., stock
Sihui Fuji Electronics Technology Co., finds support from accumulated volume at ¥28.36 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 ¥4.09 between high and low, or 16.10%. For the last week, the stock has had daily average volatility of 15.78%.
Our recommended stop-loss: ¥28.00 (-3.86%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (300852.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sihui Fuji Electronics Technology Co., Ltd. to open at ¥28.01, and during the day (based on 14 day Average True Range), to move between ¥26.36 and ¥31.88, which gives a possible trading interval of +/-¥2.76 (+/-9.47%) up or down from last closing price. If Sihui Fuji Electronics Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 18.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥28.36 (2.61%) than the resistance at ¥29.99 (2.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sihui Fuji Electronics Technology 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 Sihui Fuji Electronics Technology Co., stock to perform well in the short-term.
Current score: 3.335 Buy Candidate Unchanged
Predicted Opening Price for Sihui Fuji Electronics Technology Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥28.01 ( 3.81%) | ¥29.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300852.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.10 | 10.23% |
| R2 | 30.54 | 4.87% |
| R1 | 29.57 | 1.55% |
| Price | 29.12 | |
| S1 | 26.45 | -9.18% |
| S2 | 25.48 | -12.49% |
| S3 | 23.92 | -17.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 29.99 | 2.99% |
| Price | 29.12 | |
| S1 | 28.36 | -2.61% |
| S2 | 26.65 | -8.48% |
| S3 | 25.72 | -11.68% |
300852 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 08, 2024 | ¥0.300 | 1.33% |
| 2 | May 05, 2023 | May 05, 2023 | May 05, 2023 | ¥0.330 | 1.27% |
| 3 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | ¥0.330 | 1.59% |
| 4 | Apr 30, 2021 | Apr 30, 2021 | Apr 30, 2021 | ¥0.222 | 0.742% |
FAQ
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