Shantou Dongfeng Printing Co., Ltd. Stock Forecast
Shantou Dongfeng Printing Co., Ltd. stock price ended at $3.83 on Friday, after losing 1.79%.
(Updated on Jun 21, 2024)
The Shantou Dongfeng Printing Co., Ltd. stock price fell by -1.79% on the last day (Friday, 21st Jun 2024) from $3.90 to $3.83. During the last trading day the stock fluctuated 3.13% from a day low at $3.83 to a day high of $3.95. The price has fallen in 6 of the last 10 days and is down by -4.73% for this period. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 24 million shares were bought and sold for approximately $93.43 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 4.43% during the next 3 months and, with a 90% probability hold a price between $3.83 and $4.52 at the end of this 3-month period.
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601515.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 5.80%. Further rise is indicated until a new top pivot has been found. 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 Shantou Dongfeng Printing Co., Ltd. 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 $3.90 and $3.91. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Shantou Dongfeng Printing Co., Ltd. stock
Shantou Dongfeng Printing Co., Ltd. finds support from accumulated volume at $3.80 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 $0.120 between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 4.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (601515.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Shantou Dongfeng Printing Co., Ltd. to open at $3.87, and during the day (based on 14 day Average True Range), to move between $3.66 and $4.00, which gives a possible trading interval of +/-$0.170 (+/-4.43%) up or down from last closing price. If Shantou Dongfeng Printing Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.80 (0.78%) than the resistance at $4.05 (5.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shantou Dongfeng Printing Co., Ltd. stock A Buy?
The Shantou Dongfeng Printing Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Shantou Dongfeng Printing Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.939 Sell Candidate Unchanged
Predicted Opening Price for Shantou Dongfeng Printing Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $3.87 ( 1.04%) | $3.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601515.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.99 | 4.18% |
| R2 | 3.94 | 2.98% |
| R1 | 3.92 | 2.24% |
| Price | 3.83 | |
| S1 | 3.82 | -0.152% |
| S2 | 3.80 | -0.89% |
| S3 | 3.75 | -2.09% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.07 | 6.27% |
| R2 | 4.06 | 6.01% |
| R1 | 4.05 | 5.74% |
| Price | 3.83 | |
| S1 | 3.80 | -0.783% |
| S2 | 3.78 | -1.31% |
| S3 | 3.54 | -7.57% |
601515 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2022 | May 23, 2022 | May 23, 2022 | $0.450 | 9.87% |
| 2 | May 27, 2021 | May 27, 2021 | May 27, 2021 | $0.250 | 4.73% |
| 3 | Jun 23, 2020 | Jun 23, 2020 | Jun 23, 2020 | $0.125 | 2.53% |
| 4 | Apr 23, 2019 | Apr 23, 2019 | Apr 23, 2019 | $0.347 | 4.10% |
| 5 | Oct 25, 2018 | Oct 25, 2018 | Oct 25, 2018 | $0.160 | 3.43% |
FAQ
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