Shanghai CDXJ Digital Technology Co., Stock Forecast
Big movements in Shanghai CDXJ Digital Technology Co., stock price on Wednesday moving 13.50% between high and low
(Updated on Jun 26, 2024)
The Shanghai CDXJ Digital Technology Co., stock price gained 10.09% on the last trading day (Wednesday, 26th Jun 2024), rising from $4.66 to $5.13. During the last trading day the stock fluctuated 13.50% from a day low at $4.52 to a day high of $5.13. The price has risen in 6 of the last 10 days and is up by 12.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 million more shares were traded than the day before. In total, 27 million shares were bought and sold for approximately $136.39 million.
Given the current short-term trend, the stock is expected to fall -21.26% during the next 3 months and, with a 90% probability hold a price between $3.07 and $4.04 at the end of this 3-month period. 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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603887.SS Signals & Forecast
Mostly positive signals in the chart today. The Shanghai CDXJ Digital Technology Co., stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $4.61 and $4.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 22.14%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Shanghai CDXJ Digital Technology Co., stock
Shanghai CDXJ Digital Technology Co., finds support from accumulated volume at $5.07 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 $0.610 between high and low, or 13.50%. For the last week, the stock has had daily average volatility of 7.90%.
Our recommended stop-loss: $4.94 (-3.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (603887.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Shanghai CDXJ Digital Technology Co., Ltd. to open at $4.93, and during the day (based on 14 day Average True Range), to move between $4.88 and $5.38, which gives a possible trading interval of +/-$0.249 (+/-4.84%) up or down from last closing price. If Shanghai CDXJ Digital Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.07 (1.17%) than the resistance at $5.42 (5.65%), 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 CDXJ Digital Technology Co., Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.896 Buy Candidate Upgraded
Predicted Opening Price for Shanghai CDXJ Digital Technology Co., Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $4.93 ( 3.96%) | $5.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603887.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.54 | 7.93% |
| R2 | 5.30 | 3.38% |
| R1 | 5.16 | 0.579% |
| Price | 5.13 | |
| S1 | 4.69 | -8.51% |
| S2 | 4.55 | -11.31% |
| S3 | 4.32 | -15.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.31 | 23.00% |
| R2 | 6.23 | 21.44% |
| R1 | 5.42 | 5.65% |
| Price | 5.13 | |
| S1 | 5.07 | -1.17% |
| S2 | 4.95 | -3.51% |
| S3 | 4.66 | -9.16% |
603887 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 24, 2021 | Jun 24, 2021 | Jun 24, 2021 | $0.0830 | 0.80% |
| 2 | Jun 08, 2020 | Jun 08, 2020 | Jun 08, 2020 | $0.0298 | 0.164% |
| 3 | Sep 30, 2019 | Sep 30, 2019 | Sep 30, 2019 | $0.0357 | 0.334% |
| 4 | Jun 06, 2018 | Jun 06, 2018 | Jun 06, 2018 | $0.0850 | 0.713% |
| 5 | May 24, 2017 | May 24, 2017 | May 24, 2017 | $0.0468 | 0.332% |
FAQ
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