KEBODA TECHNOLOGY Co., Ltd. Stock Forecast
KEBODA TECHNOLOGY Co., Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 21, 2024)
The KEBODA TECHNOLOGY Co., Ltd. stock price gained 1.88% on the last trading day (Friday, 21st Jun 2024), rising from $67.43 to $68.70. During the last trading day the stock fluctuated 3.46% from a day low at $66.80 to a day high of $69.11. The price has been going up and down for this period, and there has been a -0.03% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 284 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $80.10 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $65.70 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.96% during the next 3 months and, with a 90% probability hold a price between $74.87 and $92.77 at the end of this 3-month period.
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603786.SS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KEBODA TECHNOLOGY 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 $71.24. On a fall, the stock will find some support from the short-term average at $68.50. 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, May 10, 2024, and so far it has fallen -10.20%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for KEBODA TECHNOLOGY Co., Ltd. stock
KEBODA TECHNOLOGY Co., Ltd. finds support from accumulated volume at $67.36 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.31 between high and low, or 3.46%. For the last week the stock has had daily average volatility of 3.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603786.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect KEBODA TECHNOLOGY Co., Ltd. to open at $68.20, and during the day (based on 14 day Average True Range), to move between $66.45 and $70.95, which gives a possible trading interval of +/-$2.25 (+/-3.28%) up or down from last closing price. If KEBODA TECHNOLOGY Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $69.19 (0.71%) than the support at $67.36 (1.95%), 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 KEBODA TECHNOLOGY Co., Ltd. stock A Buy?
KEBODA TECHNOLOGY Co., Ltd. holds several negative signals and we believe that 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 Hold/Accumulate to a Sell candidate.
Current score: -1.908 Sell Candidate Downgraded
Predicted Opening Price for KEBODA TECHNOLOGY Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $68.20 ( 0.723%) | $68.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603786.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 70.51 | 2.64% |
| R2 | 69.63 | 1.36% |
| R1 | 69.09 | 0.562% |
| Price | 68.70 | |
| S1 | 67.32 | -2.01% |
| S2 | 66.78 | -2.80% |
| S3 | 65.89 | -4.09% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 72.16 | 5.04% |
| R2 | 69.61 | 1.32% |
| R1 | 69.19 | 0.713% |
| Price | 68.70 | |
| S1 | 67.36 | -1.95% |
| S2 | 66.50 | -3.20% |
| S3 | 65.29 | -4.96% |
603786 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 04, 2024 | $0.600 | 0.87% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | $0.500 | 0.81% |
| 3 | Jun 07, 2022 | Jun 07, 2022 | Jun 07, 2022 | $0.500 | 0.767% |
| 4 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | $0.500 | 0.751% |
| 5 | Jun 08, 2020 | Jun 08, 2020 | Jun 08, 2020 | $0.360 | 0.606% |
FAQ
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