Xinyuan Real Estate Company., Ltd. (ADR) Stock Forecast
Xinyuan Real Estate Company., Ltd. (ADR) stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The Xinyuan Real Estate Company., Ltd. (ADR) stock price fell by -1.10% on the last day (Thursday, 28th Mar 2024) from $2.73 to $2.70. During the last trading day the stock fluctuated 3.85% from a day low at $2.60 to a day high of $2.70. The price has been going up and down for this period, and there has been a 1.89% gain for the last 2 weeks. Volume has increased on the last day by 211 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, 2 thousand shares were bought and sold for approximately $4.77 thousand.
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 2.59% during the next 3 months and, with a 90% probability hold a price between $2.29 and $2.97 at the end of this 3-month period.
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XIN 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 Xinyuan Real Estate Company., Ltd. (ADR) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.74 and $2.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, January 31, 2024, and so far it has fallen -5.26%. Further fall is indicated until a new bottom pivot has been found. Xinyuan Real Estate Company., Ltd. (ADR) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Xinyuan Real Estate Company., Ltd. (ADR) stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.52 and $2.44. 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, Xinyuan Real Estate Company., Ltd. (ADR) finds support just below today's level at $2.52. If this is broken, then the next support from accumulated volume will be at $2.44 and $2.17.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.100 between high and low, or 3.85%. For the last week the stock has had daily average volatility of 5.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XIN) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xinyuan Real Estate Company., Ltd. (ADR) to open at $2.67, and during the day (based on 14 day Average True Range), to move between $2.56 and $2.84, which gives a possible trading interval of +/-$0.140 (+/-5.20%) up or down from last closing price. If Xinyuan Real Estate Company., Ltd. (ADR) takes out the full calculated possible swing range there will be an estimated 10.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.72 (0.74%) than the support at $2.52 (6.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Xinyuan Real Estate Company., Ltd. (ADR) stock A Buy?
The Xinyuan Real Estate Company., Ltd. (ADR) stock holds several negative signals and despite the positive trend, we believe Xinyuan Real Estate Company., Ltd. (ADR) will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.962 Sell Candidate Downgraded
Predicted Opening Price for Xinyuan Real Estate Company., Ltd. (ADR) of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$2.67 ( 1.23%) | $2.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XIN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.77 | 2.47 % | |
R2 | 2.73 | 1.05 % | ||
R1 | 2.70 | 0.180 % | ||
Current price: | 2.70 | |||
Support | S1 | 2.63 | -2.65 % | |
S2 | 2.60 | -3.52 % | ||
S3 | 2.57 | -4.94 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.75 | 1.85 % | |
R2 | 2.73 | 1.11 % | ||
R1 | 2.72 | 0.741 % | ||
Current price | 2.70 | |||
Support | S1 | 2.52 | -6.67% | |
S2 | 2.44 | -9.63% | ||
S3 | 2.17 | -19.63% |
XIN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 27, 2020 | Dec 17, 2020 | Jan 08, 2021 | $0.250 | 1.13% |
2 | Sep 02, 2020 | Sep 14, 2020 | Sep 28, 2020 | $0.250 | 1.34% |
3 | Jun 05, 2020 | Jun 15, 2020 | Jul 08, 2020 | $0.250 | 1.09% |
4 | Apr 03, 2020 | Apr 16, 2020 | May 08, 2020 | $1.00 | 3.77% |
5 | Dec 06, 2019 | Dec 17, 2019 | Jan 16, 2020 | $2.00 | 5.41% |
FAQ
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