JCET Group Co., Ltd. Stock Forecast
JCET Group Co., Ltd. stock price up 0.89% on Friday
(Updated on Jun 28, 2024)
The JCET Group Co., Ltd. stock price gained 0.89% on the last trading day (Friday, 28th Jun 2024), rising from $31.43 to $31.71. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.26% from a day low at $30.96 to a day high of $31.97. The price has risen in 6 of the last 10 days and is up by 9.16% over the past 2 weeks. Volume fell on the last day by -21 million shares and in total, 45 million shares were bought and sold for approximately $1.43 billion. 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 upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $32.37 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 19.27% during the next 3 months and, with a 90% probability hold a price between $32.71 and $38.61 at the end of this 3-month period.
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600584.SS Signals & Forecast
The JCET Group 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 $31.08 and $27.88. 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). 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. 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 Wednesday, June 19, 2024, and so far it has fallen -0.126%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, May 20, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, May 20, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for JCET Group Co., Ltd. stock
JCET Group Co., Ltd. finds support from accumulated volume at $31.28 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 $1.01 between high and low, or 3.26%. For the last week, the stock has had daily average volatility of 4.87%.
Our recommended stop-loss: $30.75 (-3.04%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (600584.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect JCET Group Co., Ltd. to open at $31.55, and during the day (based on 14 day Average True Range), to move between $30.55 and $32.87, which gives a possible trading interval of +/-$1.16 (+/-3.67%) up or down from last closing price. If JCET Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.75 (0.13%) than the support at $31.28 (1.36%), 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 JCET Group 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 JCET Group Co., Ltd. stock to perform well in the short-term.
Current score: 3.621 Buy Candidate Unchanged
Predicted Opening Price for JCET Group Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $31.55 ( 0.515%) | $31.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600584.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.56 | 2.67% |
| R2 | 32.17 | 1.45% |
| R1 | 31.93 | 0.702% |
| Price | 31.71 | |
| S1 | 31.16 | -1.73% |
| S2 | 30.92 | -2.48% |
| S3 | 30.54 | -3.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 31.75 | 0.126% |
| Price | 31.71 | |
| S1 | 31.28 | -1.36% |
| S2 | 28.84 | -9.05% |
| S3 | 26.08 | -17.75% |
600584 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | $0.100 | 0.318% |
| 2 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | $0.200 | 0.596% |
| 3 | Jul 14, 2022 | Jul 14, 2022 | Jul 14, 2022 | $0.200 | 0.81% |
| 4 | Jul 16, 2021 | Jul 16, 2021 | Jul 16, 2021 | $0.0500 | 0.134% |
| 5 | May 25, 2018 | May 25, 2018 | May 25, 2018 | $0.0250 | 0.128% |
FAQ
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