Shanghai Tongda Venture Capital Co., Stock Forecast
Shanghai Tongda Venture Capital Co., stock price down 0% on Thursday
(Updated on Jul 04, 2024)
No changes to the price of Shanghai Tongda Venture Capital Co., stock on the last trading day (Thursday, 4th Jul 2024). During the last trading day the stock fluctuated 0% from a day low at $1.52 to a day high of $1.52. The price has been going up and down for this period, and there has been a 2.7% gain for the last 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $1.16, a level that may pose a second chance to hit a runner. According to fan-theory $7.73 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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600647.SS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shanghai Tongda Venture Capital Co., 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 $1.52 and $5.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, July 03, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Shanghai Tongda Venture Capital Co., stock
Shanghai Tongda Venture Capital Co., finds support from accumulated volume at $1.47 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $1.45 (-4.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (600647.SS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Shanghai Tongda Venture Capital Co., Ltd. to open at $1.52, and during the day (based on 14 day Average True Range), to move between $1.26 and $1.78, which gives a possible trading interval of +/-$0.264 (+/-17.38%) up or down from last closing price. If Shanghai Tongda Venture Capital Co., Ltd. takes out the full calculated possible swing range there will be an estimated 34.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.47 (3.29%) than the resistance at $1.61 (5.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shanghai Tongda Venture Capital Co., Ltd. stock A Buy?
Shanghai Tongda Venture Capital Co., holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Shanghai Tongda Venture Capital Co., Ltd. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $1.52 ( 0.00000000%) | $1.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600647.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.52 | 0.00000000% |
| R2 | 1.52 | 0.00000000% |
| R1 | 1.52 | 0.00000000% |
| Price | 1.52 | |
| S1 | 1.52 | 0.00000000% |
| S2 | 1.52 | 0.00000000% |
| S3 | 1.52 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.79 | 17.76% |
| R2 | 1.66 | 9.21% |
| R1 | 1.61 | 5.92% |
| Price | 1.52 | |
| S1 | 1.47 | -3.29% |
| S2 | 1.46 | -3.95% |
| S3 | 1.42 | -6.58% |
600647 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 30, 2018 | Jul 30, 2018 | Jul 30, 2018 | $0.0500 | 0.346% |
| 2 | Aug 14, 2017 | Aug 14, 2017 | Aug 14, 2017 | $0.105 | 0.456% |
| 3 | Aug 13, 2014 | Aug 13, 2014 | Aug 13, 2014 | $0.0730 | 0.575% |
| 4 | Aug 01, 2013 | Aug 01, 2013 | Aug 01, 2013 | $0.0500 | 0.536% |
| 5 | May 20, 2011 | May 20, 2011 | May 20, 2011 | $0.0231 | 0.240% |
FAQ
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