Fujian Apex Software Co.,LTD Stock Forecast
Fujian Apex Software Co.,LTD stock price up 2.43% on Tuesday
(Updated on Jun 18, 2024)
The Fujian Apex Software Co.,LTD stock price gained 2.43% on the last trading day (Tuesday, 18th Jun 2024), rising from $36.59 to $37.48. During the last trading day the stock fluctuated 4.02% from a day low at $36.03 to a day high of $37.48. The price has risen in 6 of the last 10 days and is up by 11.28% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 9 million shares were bought and sold for approximately $319.64 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 very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.78% during the next 3 months and, with a 90% probability hold a price between $30.58 and $40.90 at the end of this 3-month period.
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603383.SS Signals & Forecast
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. The Fujian Apex Software Co.,LTD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $37.60. On a fall, the stock will find some support from the short-term average at $36.59. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.319%. 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).
Support, Risk & Stop-loss for Fujian Apex Software Co.,LTD stock
Fujian Apex Software Co.,LTD finds support from accumulated volume at $37.40 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 $1.45 between high and low, or 4.02%. For the last week, the stock has had daily average volatility of 4.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603383.SS) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Fujian Apex Software Co.,LTD to open at $37.00, and during the day (based on 14 day Average True Range), to move between $35.51 and $39.45, which gives a possible trading interval of +/-$1.97 (+/-5.25%) up or down from last closing price. If Fujian Apex Software Co.,LTD takes out the full calculated possible swing range there will be an estimated 10.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $37.40 (0.21%) than the resistance at $37.60 (0.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fujian Apex Software Co.,LTD stock A Buy?
Fujian Apex Software Co.,LTD 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.
Current score: -3.392 Sell Candidate Unchanged
Predicted Opening Price for Fujian Apex Software Co.,LTD of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| $37.00 ( 1.29%) | $37.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603383.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.45 | 2.58% |
| R2 | 37.89 | 1.10% |
| R1 | 37.55 | 0.188% |
| Price | 37.48 | |
| S1 | 36.44 | -2.77% |
| S2 | 36.10 | -3.68% |
| S3 | 35.55 | -5.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.85 | 14.33% |
| R2 | 40.72 | 8.64% |
| R1 | 37.60 | 0.320% |
| Price | 37.48 | |
| S1 | 37.40 | -0.213% |
| S2 | 36.55 | -2.48% |
| S3 | 36.45 | -2.75% |
603383 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | $1.10 | 3.42% |
| 2 | May 25, 2023 | May 25, 2023 | May 25, 2023 | $0.80 | 2.00% |
| 3 | May 27, 2022 | May 27, 2022 | May 27, 2022 | $0.550 | 2.92% |
| 4 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | $0.400 | 1.63% |
| 5 | Jun 08, 2020 | Jun 08, 2020 | Jun 08, 2020 | $0.357 | 1.02% |
FAQ
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