Suzhou Recodeal Interconnect System Stock Forecast

Suzhou Recodeal Interconnect System stock price ended at $28.08 on Friday, after gaining 3.35%.
(Updated on Jun 28, 2024)

688800.SS Signals & Forecast

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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Suzhou Recodeal Interconnect System 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 $28.29 and $29.47. 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 -12.66%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Suzhou Recodeal Interconnect System stock

Suzhou Recodeal Interconnect System finds support from accumulated volume at $27.72 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 $2.18 between high and low, or 8.13%. For the last week, the stock has had daily average volatility of 6.07%.

Our recommended stop-loss: $26.42 (-5.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 49 days ago.)

Trading Expectations (688800.SS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Suzhou Recodeal Interconnect System Co.,Ltd to open at $27.96, and during the day (based on 14 day Average True Range), to move between $26.66 and $29.50, which gives a possible trading interval of +/-$1.42 (+/-5.07%) up or down from last closing price. If Suzhou Recodeal Interconnect System Co.,Ltd takes out the full calculated possible swing range there will be an estimated 10.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $27.72 (1.28%) than the resistance at $29.62 (5.48%), 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 Recodeal Interconnect System Co.,Ltd stock A Buy?

Suzhou Recodeal Interconnect System holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.404 Hold/Accumulate Unchanged

Predicted Opening Price for Suzhou Recodeal Interconnect System Co.,Ltd of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.