Essence Fastening Systems (shanghai) . Stock Forecast

Sell candidate since Jul 13, 2026 Loss -35.45%

The Essence Fastening Systems (shanghai) stock price fell by -5.44% on the last day (Friday, 24th Jul 2026) from ¥66.20 to ¥62.60. During the last trading day the stock fluctuated 24.94% from a day low at ¥62.43 to a day high of ¥78.00. The price has fallen in 8 of the last 10 days and is down by -45.51% for this period. 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 -2 million shares and in total, 5 million shares were bought and sold for approximately ¥329.68 million.

The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (¥68.26) are considered to be a "second chance" to get out. According to the fan-theory ¥20.32 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

301005.SZ Signals & Forecast

There are few to no technical positive signals at the moment. The Essence Fastening Systems (shanghai) 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 ¥67.20 and ¥94.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, July 10, 2026, and so far it has fallen -45.51%. 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). 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 Essence Fastening Systems (shanghai) stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥15.57 between high and low, or 24.94%. For the last week, the stock has had daily average volatility of 26.34%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (301005.SZ) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Essence Fastening Systems (shanghai) Co., Ltd. to open at ¥67.68, and during the day (based on 14 day Average True Range), to move between ¥55.19 and ¥70.01, which gives a possible trading interval of +/-¥14.82 (+/-26.85%) up or down from last closing price. If Essence Fastening Systems (shanghai) Co., Ltd. takes out the full calculated possible swing range there will be an estimated 26.85% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ ¥63.30, some ¥0.700 (1.12%) from the current price of ¥62.60, our system finds the risk reward not very attractive.

Is Essence Fastening Systems (shanghai) Co., Ltd. stock A Buy?

Essence Fastening Systems (shanghai) holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Sell to a Strong Sell candidate.

Current score: -6.438 Strong Sell Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on July 27, 2026 - ¥67.68 ( 8.11%).

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