China National Complete Import & Export Stock Forecast
China National Complete Import & Export stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on May 21, 2024)
The China National Complete Import & Export stock price gained 2.59% on the last trading day (Tuesday, 21st May 2024), rising from ¥11.20 to ¥11.49. During the last trading day the stock fluctuated 6.24% from a day low at ¥11.21 to a day high of ¥11.91. The price has risen in 6 of the last 10 days and is up by 5.9% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 15 million shares were bought and sold for approximately ¥169.88 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ¥11.68 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.53% during the next 3 months and, with a 90% probability hold a price between ¥10.60 and ¥12.33 at the end of this 3-month period.
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000151.SZ Signals & Forecast
The China National Complete Import & Export stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥11.32 and ¥10.66. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -1.37%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for China National Complete Import & Export stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥10.73 and ¥10.58. 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, China National Complete Import & Export finds support just below today's level at ¥10.73. If this is broken, then the next support from accumulated volume will be at ¥10.58 and ¥10.30.
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 ¥0.700 between high and low, or 6.24%. For the last week, the stock has had daily average volatility of 6.54%.
Our recommended stop-loss: ¥11.05 (-3.79%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (000151.SZ) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect China National Complete Import & Export to open at ¥11.54, and during the day (based on 14 day Average True Range), to move between ¥10.82 and ¥12.16, which gives a possible trading interval of +/-¥0.668 (+/-5.82%) up or down from last closing price. If China National Complete Import & Export takes out the full calculated possible swing range there will be an estimated 11.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥11.52 (0.26%) than the support at ¥10.73 (6.61%), 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 China National Complete Import & Export 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 China National Complete Import & Export stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.129 Buy Candidate Upgraded
Predicted Opening Price for China National Complete Import & Export of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| ¥11.54 ( 0.406%) | ¥11.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000151.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.24 | 6.50 % | |
| R2 | 11.97 | 4.17 % | ||
| R1 | 11.80 | 2.73 % | ||
| Current price: | 11.49 | |||
| Support | S1 | 11.27 | -1.92 % | |
| S2 | 11.10 | -3.36 % | ||
| S3 | 10.84 | -5.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 11.65 | 1.39 % | ||
| R1 | 11.52 | 0.261 % | ||
| Current price | 11.49 | |||
| Support | S1 | 10.73 | -6.61% | |
| S2 | 10.58 | -7.92% | ||
| S3 | 10.30 | -10.36% |
000151 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2020 | Jun 11, 2020 | Jun 11, 2020 | ¥0.0200 | 0.229% |
| 2 | Jun 20, 2019 | Jun 20, 2019 | Jun 20, 2019 | ¥0.200 | 1.67% |
| 3 | Jun 14, 2018 | Jun 14, 2018 | Jun 14, 2018 | ¥0.250 | 2.01% |
| 4 | Jun 16, 2017 | Jun 16, 2017 | Jun 16, 2017 | ¥0.300 | 1.53% |
| 5 | Jun 16, 2016 | Jun 16, 2016 | Jun 16, 2016 | ¥0.400 | 2.38% |
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