WEICHAI PWR/Shs A Vtg 1.00 Stock Forecast
Green day on Friday for WEICHAI PWR/Shs A Vtg 1.00
(Updated on Apr 26, 2024)
The WEICHAI PWR/Shs A Vtg 1.00 stock price gained 0.684% on the last trading day (Friday, 26th Apr 2024), rising from ¥17.54 to ¥17.66. During the last trading day the stock fluctuated 5.23% from a day low at ¥17.39 to a day high of ¥18.30. The price has been going up and down for this period, and there has been a -1.34% 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, 17 million more shares were traded than the day before. In total, 45 million shares were bought and sold for approximately ¥801.00 million.
The stock lies in the middle of a strong 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 18.82% during the next 3 months and, with a 90% probability hold a price between ¥20.32 and ¥22.27 at the end of this 3-month period.
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000338.SZ Signals & Forecast
The WEICHAI PWR/Shs A Vtg 1.00 stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥17.94. On a fall, the stock will find some support from the long-term average at approximately ¥17.11. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -4.49%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for WEICHAI PWR/Shs A Vtg 1.00 stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥16.33 and ¥16.28. 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, WEICHAI PWR/Shs A Vtg 1.00 finds support just below today's level at ¥16.33. If this is broken, then the next support from accumulated volume will be at ¥16.28 and ¥15.47.
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 ¥0.91 between high and low, or 5.23%. For the last week, the stock has had daily average volatility of 5.19%.
Our recommended stop-loss: ¥16.71 (-5.37%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (000338.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect WEICHAI PWR/Shs A Vtg 1.00 to open at ¥17.78, and during the day (based on 14 day Average True Range), to move between ¥16.94 and ¥18.38, which gives a possible trading interval of +/-¥0.722 (+/-4.09%) up or down from last closing price. If WEICHAI PWR/Shs A Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 8.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥17.90 (1.36%) than the support at ¥16.33 (7.53%), 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.
Earnings coming up
WEICHAI PWR/Shs A Vtg 1.00 will release earnings BMO on Monday, April 29, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.330. We will update the financials statements for WEICHAI PWR/Shs A Vtg 1.00, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.65% in the first trading day after earnings release.
Is WEICHAI PWR/Shs A Vtg 1.00 stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for WEICHAI PWR/Shs A Vtg 1.00 stock to perform well in the short-term.
Current score: 2.204 Buy Candidate Unchanged
Predicted Opening Price for WEICHAI PWR/Shs A Vtg 1.00 of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
¥17.78 ( 0.698%) | ¥17.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000338.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.69 | 5.85 % | |
R2 | 18.35 | 3.88 % | ||
R1 | 18.13 | 2.67 % | ||
Current price: | 17.66 | |||
Support | S1 | 17.44 | -1.27 % | |
S2 | 17.22 | -2.49 % | ||
S3 | 16.87 | -4.45 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.39 | 4.13 % | |
R2 | 18.16 | 2.83 % | ||
R1 | 17.90 | 1.36 % | ||
Current price | 17.66 | |||
Support | S1 | 16.33 | -7.53% | |
S2 | 16.28 | -7.81% | ||
S3 | 15.47 | -12.40% |
000338 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 27, 2023 | Oct 27, 2023 | Oct 27, 2023 | ¥0 | 0% |
2 | Oct 21, 2022 | Oct 21, 2022 | Oct 21, 2022 | ¥0.0960 | 1.01% |
3 | Aug 26, 2022 | Aug 26, 2022 | Aug 26, 2022 | ¥0.185 | 1.62% |
4 | Oct 22, 2021 | Oct 22, 2021 | Oct 22, 2021 | ¥0.185 | 1.10% |
5 | Aug 27, 2021 | Aug 27, 2021 | Aug 27, 2021 | ¥0.233 | 1.15% |
FAQ
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