Henan Shijia Photons Technology Co., Stock Forecast
Henan Shijia Photons Technology Co., stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Henan Shijia Photons Technology Co., stock price gained 1.82% on the last trading day (Friday, 28th Jun 2024), rising from $9.35 to $9.52. During the last trading day the stock fluctuated 4.75% from a day low at $9.26 to a day high of $9.70. The price has been going up and down for this period, and there has been a -7.12% 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, 172 thousand more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $66.28 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 -4.15% during the next 3 months and, with a 90% probability hold a price between $8.03 and $10.33 at the end of this 3-month period.
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688313.SS Signals & Forecast
There are mixed signals in the stock today. The Henan Shijia Photons Technology Co., stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $9.75 and $10.02. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 3.93%. 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 Henan Shijia Photons Technology Co., stock
Henan Shijia Photons Technology Co., finds support from accumulated volume at $9.51 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 $0.440 between high and low, or 4.75%. For the last week, the stock has had daily average volatility of 5.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (688313.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Henan Shijia Photons Technology Co., Ltd. to open at $9.49, and during the day (based on 14 day Average True Range), to move between $9.04 and $10.00, which gives a possible trading interval of +/-$0.478 (+/-5.02%) up or down from last closing price. If Henan Shijia Photons Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.51 (0.11%) than the resistance at $9.73 (2.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Henan Shijia Photons Technology Co., Ltd. stock A Buy?
Henan Shijia Photons Technology Co., 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: -2.767 Sell Candidate Downgraded
Predicted Opening Price for Henan Shijia Photons Technology Co., Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$9.49 ( 0.280%) | $9.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688313.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 9.93 | 4.34% |
R2 | 9.77 | 2.58% |
R1 | 9.66 | 1.49% |
Price | 9.52 | |
S1 | 9.33 | -2.05% |
S2 | 9.22 | -3.14% |
S3 | 9.05 | -4.90% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 10.00 | 5.04% |
R2 | 9.85 | 3.47% |
R1 | 9.73 | 2.21% |
Price | 9.52 | |
S1 | 9.51 | -0.105% |
S2 | 9.16 | -3.78% |
S3 | 8.77 | -7.88% |
688313 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | $0.0500 | 0.240% |
2 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | $0.0350 | 0.339% |
3 | Jun 08, 2021 | Jun 08, 2021 | Jun 08, 2021 | $0.0250 | 0.143% |
FAQ
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