RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Sinopec Shanghai Petrochemical Co. (ADR) stock price ended at £29.40 on Wednesday, after losing 0%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 15, 2024 Gain 1.55% PDF

No changes to the price of Sinopec Shanghai Petrochemical Co. (ADR) stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at £29.40 to a day high of £29.40. The price has risen in 5 of the last 10 days and is up by 3.52% over the past 2 weeks.

The stock lies in the middle of a 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 -10.09% during the next 3 months and, with a 90% probability hold a price between £25.03 and £28.18 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SHI.L 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 Sinopec Shanghai Petrochemical Co. (ADR) 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 £29.45 and £30.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -1.01%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Sinopec Shanghai Petrochemical Co. (ADR) stock

Sinopec Shanghai Petrochemical Co. (ADR) finds support from accumulated volume at £29.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.57%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SHI.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Sinopec Shanghai Petrochemical Company. (ADR) to open at £29.40, and during the day (based on 14 day Average True Range), to move between £28.52 and £30.28, which gives a possible trading interval of +/-£0.88 (+/-2.98%) up or down from last closing price. If Sinopec Shanghai Petrochemical Company. (ADR) takes out the full calculated possible swing range there will be an estimated 5.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £29.05 (1.19%) than the resistance at £30.00 (2.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sinopec Shanghai Petrochemical Company. (ADR) stock A Buy?

Sinopec Shanghai Petrochemical Co. (ADR) holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.599 Sell Candidate Unchanged

Predicted Opening Price for Sinopec Shanghai Petrochemical Company. (ADR) of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£29.40 ( 0.00000000%) £29.40

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

Trading levels for SHI.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 29.40 0.00000000 %
R2 29.40 0.00000000 %
R1 29.40 0.00000000 %
Current price: 29.40
Support S1 29.40 0.00000000 %
S2 29.40 0.00000000 %
S3 29.40 0.00000000 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 31.00 5.44 %
R2 30.05 2.21 %
R1 30.00 2.04 %
Current price 29.40
Support S1 29.05 -1.19%
S2 28.95 -1.53%
S3 28.85 -1.87%

SHI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 06, 2019 Oct 03, 2019 Nov 08, 2019 £1.20 1.08%
2 Mar 08, 2019 Jun 06, 2019 Jul 05, 2019 £2.41 1.99%
3 Sep 21, 2018 Oct 04, 2018 Nov 09, 2018 £1.20 1.08%
4 Mar 09, 2018 Jun 07, 2018 Jul 06, 2018 £2.41 1.88%
5 Aug 08, 2017 Oct 05, 2017 Nov 03, 2017 £1.20 0.714%

FAQ

What is the symbol for Sinopec Shanghai Petrochemical Company. (ADR) Stock and on which exchange is it traded?
The symbol for Sinopec Shanghai Petrochemical Company. (ADR) is SHI.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Sinopec Shanghai Petrochemical Company. (ADR) Stock?
Sinopec Shanghai Petrochemical Co. (ADR) holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Sinopec Shanghai Petrochemical Company. (ADR) Stock?
Sinopec Shanghai Petrochemical Company. (ADR) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sinopec Shanghai Petrochemical Company. (ADR) Stock.

What's the current price of Sinopec Shanghai Petrochemical Company. (ADR) Stock?
As of the end of day on the 2024-03-27, the price of an Sinopec Shanghai Petrochemical Company. (ADR) (SHI.L) share was £29.40.

What is the 52-week high and low for Sinopec Shanghai Petrochemical Company. (ADR) Stock?
The 52-week high for Sinopec Shanghai Petrochemical Company. (ADR) Stock is £45.30 and the 52-week low is £25.35.

What is the market capitalization of Sinopec Shanghai Petrochemical Company. (ADR) Stock?
As of the 2024-03-27, the market capitalization of Sinopec Shanghai Petrochemical Company. (ADR) is 352.696M.

When is the next earnings date for Sinopec Shanghai Petrochemical Company. (ADR)?
The upcoming earnings date for Sinopec Shanghai Petrochemical Company. (ADR) is Aug 06, 2024.
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About Sinopec Shanghai Petrochemical Company. (ADR)

Sinopec Shanghai Petrochemical Company. (ADR) SIG plc engages in the distribution and merchanting of specialist insulation and building products for the construction and related markets in the United Kingdom, Germany, France, Benelux, Poland, Ireland, and Mainland Europe. It offers insulation and interiors products, such as structural and technical insulations, dry linings, construction accessories and fixings, cladding and façade systems, ceiling tiles and grids, partition walls and door s... SHI.L Profile

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