Shareate Tools Ltd. Stock Forecast
Shareate Tools Ltd. stock price ended at $15.33 on Friday, after gaining 0.327%.
(Updated on Jun 28, 2024)
The Shareate Tools Ltd. stock price gained 0.327% on the last trading day (Friday, 28th Jun 2024), rising from $15.28 to $15.33. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.78% from a day low at $15.08 to a day high of $15.65. The price has risen in 6 of the last 10 days but is still down by -30.82% for this period. Volume fell on the last day by -420 thousand shares and in total, 952 thousand shares were bought and sold for approximately $14.59 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.03 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.24% during the next 3 months and, with a 90% probability hold a price between $10.63 and $17.40 at the end of this 3-month period.
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688257.SS Signals & Forecast
There are mixed signals in the stock today. The Shareate Tools 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 $21.96. On a fall, the stock will find some support from the short-term average at $15.05. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 5.51%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Shareate Tools Ltd. stock
Shareate Tools Ltd. finds support from accumulated volume at $15.28 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.570 between high and low, or 3.78%. For the last week, the stock has had daily average volatility of 4.54%.
Shareate Tools Ltd. is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (688257.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shareate Tools Ltd. to open at $15.35, and during the day (based on 14 day Average True Range), to move between $14.33 and $16.33, which gives a possible trading interval of +/-$1.00 (+/-6.54%) up or down from last closing price. If Shareate Tools Ltd. takes out the full calculated possible swing range there will be an estimated 13.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $15.28, some $0.0500 (0.33%) from the current price of $15.33, our system finds the risk reward attractive.
Is Shareate Tools Ltd. stock A Buy?
Shareate Tools 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.
Current score: -3.299 Sell Candidate Unchanged
Predicted Opening Price for Shareate Tools Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $15.35 ( 0.152%) | $15.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688257.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.92 | 3.87% |
| R2 | 15.71 | 2.45% |
| R1 | 15.57 | 1.57% |
| Price | 15.33 | |
| S1 | 15.14 | -1.27% |
| S2 | 15.00 | -2.15% |
| S3 | 14.78 | -3.57% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 15.33 | |
| S1 | 15.28 | -0.326% |
| S2 | 15.20 | -0.85% |
| S3 | 14.53 | -5.22% |
688257 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2024 | Jun 19, 2024 | Jun 19, 2024 | $0.400 | 2.67% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | $0.500 | 2.78% |
| 3 | Jun 15, 2022 | Jun 15, 2022 | Jun 15, 2022 | $0.500 | 2.49% |
FAQ
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