Shanghai CDXJ Digital Technology Co., Stock Forecast
Shanghai CDXJ Digital Technology Co., stock price took a fall of -7.62% on Friday
(Updated on Jun 28, 2024)
The Shanghai CDXJ Digital Technology Co., stock price fell by -7.62% on the last day (Friday, 28th Jun 2024) from $5.64 to $5.21. During the last trading day the stock fluctuated 9.02% from a day low at $5.10 to a day high of $5.56. The price has risen in 6 of the last 10 days and is up by 15.27% over the past 2 weeks. Volume has increased on the last day by 31 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, 41 million shares were bought and sold for approximately $214.79 million.
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 -16.31% during the next 3 months and, with a 90% probability hold a price between $3.28 and $4.70 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
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 $4.84 and $4.84. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -7.62%. Further fall is indicated until a new bottom pivot has been found. 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 Shanghai CDXJ Digital Technology Co., stock
Shanghai CDXJ Digital Technology Co., finds support from accumulated volume at $5.15 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 $0.460 between high and low, or 9.02%. For the last week, the stock has had daily average volatility of 7.84%.
Our recommended stop-loss: $5.03 (-3.42%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (603887.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shanghai CDXJ Digital Technology Co., Ltd. to open at $5.29, and during the day (based on 14 day Average True Range), to move between $4.92 and $5.50, which gives a possible trading interval of +/-$0.285 (+/-5.48%) 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 10.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.15 (1.15%) than the resistance at $5.42 (4.03%), 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?
Shanghai CDXJ Digital Technology Co., holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.962 Hold/Accumulate Unchanged
Predicted Opening Price for Shanghai CDXJ Digital Technology Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $5.29 ( 1.54%) | $5.21 |
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 | 5.75 | 10.36% |
| R2 | 5.57 | 6.99% |
| R1 | 5.47 | 4.91% |
| Price | 5.21 | |
| S1 | 5.11 | -1.84% |
| S2 | 5.01 | -3.92% |
| S3 | 4.83 | -7.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.31 | 21.11% |
| R2 | 6.23 | 19.58% |
| R1 | 5.42 | 4.03% |
| Price | 5.21 | |
| S1 | 5.15 | -1.15% |
| S2 | 5.13 | -1.54% |
| S3 | 4.95 | -4.99% |
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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