Suzhou Sonavox Electronics Co., Ltd. Stock Forecast
Suzhou Sonavox Electronics Co., Ltd. stock price ended at $25.87 on Friday, after losing 1.45%.
(Updated on Jun 28, 2024)
The Suzhou Sonavox Electronics Co., Ltd. stock price fell by -1.45% on the last day (Friday, 28th Jun 2024) from $26.25 to $25.87. During the last trading day the stock fluctuated 4.07% from a day low at $25.80 to a day high of $26.85. The price has fallen in 8 of the last 10 days and is down by -8.42% for this period. Volume has increased on the last day by 384 thousand 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, 1 million shares were bought and sold for approximately $28.32 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.34% during the next 3 months and, with a 90% probability hold a price between $24.38 and $33.59 at the end of this 3-month period.
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688533.SS Signals & Forecast
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. The Suzhou Sonavox Electronics Co., Ltd. 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 $26.73 and $28.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -17.48%. 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 Suzhou Sonavox Electronics Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $24.13 and $23.97. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Suzhou Sonavox Electronics Co., Ltd. finds support just below today's level at $24.13. If this is broken, then the next support from accumulated volume will be at $23.97 and $22.25.
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 $1.05 between high and low, or 4.07%. For the last week, the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (688533.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Suzhou Sonavox Electronics Co., Ltd. to open at $26.17, and during the day (based on 14 day Average True Range), to move between $24.81 and $26.93, which gives a possible trading interval of +/-$1.06 (+/-4.08%) up or down from last closing price. If Suzhou Sonavox Electronics Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.13 (6.73%) than the resistance at $29.18 (12.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Suzhou Sonavox Electronics Co., Ltd. stock A Buy?
The Suzhou Sonavox Electronics Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Suzhou Sonavox Electronics Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.671 Sell Candidate Unchanged
Predicted Opening Price for Suzhou Sonavox Electronics Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $26.17 ( 1.17%) | $25.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688533.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.22 | 5.23% |
| R2 | 26.82 | 3.68% |
| R1 | 26.57 | 2.72% |
| Price | 25.87 | |
| S1 | 25.77 | -0.378% |
| S2 | 25.52 | -1.34% |
| S3 | 25.12 | -2.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.35 | 21.18% |
| R2 | 29.74 | 14.96% |
| R1 | 29.18 | 12.79% |
| Price | 25.87 | |
| S1 | 24.13 | -6.73% |
| S2 | 23.97 | -7.34% |
| S3 | 22.25 | -13.99% |
688533 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 03, 2024 | $0.310 | 1.09% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | $0.180 | 0.418% |
| 3 | Jun 14, 2022 | Jun 14, 2022 | Jun 14, 2022 | $0.120 | 0.193% |
FAQ
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