RSI low/high Values: [ 25 - 80 ]
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AI Analysis of 000155.SZ
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Weaker technical forecast for Sichuan New Energy Power Co Ltd as stock downgraded to Sell Candidate.
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The Sichuan New Energy Power Co Ltd stock price fell by -4.62% on the last day (Wednesday, 27th Mar 2024) from ¥10.82 to ¥10.32. During the last trading day the stock fluctuated 5.44% from a day low at ¥10.30 to a day high of ¥10.86. The price has fallen in 6 of the last 10 days and is down by -9.23% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 11 million shares were bought and sold for approximately ¥114.12 million.

The stock lies in the middle of a very 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 -18.52% during the next 3 months and, with a 90% probability hold a price between ¥5.88 and ¥9.12 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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000155.SZ Signals & Forecast

There are few to no technical positive signals at the moment. The Sichuan New Energy Power Co Ltd 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 ¥10.99 and ¥10.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -10.18%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Sichuan New Energy Power Co Ltd stock

Sichuan New Energy Power Co Ltd finds support from accumulated volume at ¥10.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.560 (5.44%) between high and low. For the last week, the stock has had daily average volatility of 3.88%.

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

Trading Expectations (000155.SZ) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Sichuan New Energy Power Co Ltd to open at ¥10.49, and during the day (based on 14 day Average True Range), to move between ¥9.95 and ¥10.69, which gives a possible trading interval of +/-¥0.374 (+/-3.63%) up or down from last closing price. If Sichuan New Energy Power Co Ltd takes out the full calculated possible swing range there will be an estimated 7.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥10.19 (1.26%) than the resistance at ¥10.85 (5.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sichuan New Energy Power Co Ltd stock A Buy?

Sichuan New Energy Power Co Ltd holds several negative signals and is within a very 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. 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: -3.090 Sell Candidate Downgraded

Predicted Opening Price for Sichuan New Energy Power Co Ltd of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
¥10.49 ( 1.68%) ¥10.32

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

Trading levels for 000155.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.05 7.11 %
R2 10.84 5.03 %
R1 10.71 3.75 %
Current price: 10.32
Support S1 10.28 -0.393 %
S2 10.15 -1.67 %
S3 9.93 -3.75 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.41 10.56 %
R2 11.36 10.08 %
R1 10.85 5.14 %
Current price 10.32
Support S1 10.19 -1.26%
S2 10.00 -3.10%
S3 8.64 -16.28%

000155 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 25, 2010 May 25, 2010 May 25, 2010 ¥0.0500 0.775%
2 Apr 22, 2009 Apr 22, 2009 Apr 22, 2009 ¥0.120 1.48%
3 May 28, 2008 May 28, 2008 May 28, 2008 ¥0.130 0.81%
4 Jul 05, 2007 Jul 05, 2007 Jul 05, 2007 ¥0.250 3.45%
5 Mar 06, 2006 Mar 06, 2006 Mar 06, 2006 ¥0.152 3.62%

FAQ

What is the symbol for Sichuan New Energy Power Co Ltd Stock and on which exchange is it traded?
The symbol for Sichuan New Energy Power Co Ltd is 000155.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Sichuan New Energy Power Co Ltd Stock?
Sichuan New Energy Power Co Ltd holds several negative signals and is within a very 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. 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.

How to buy Sichuan New Energy Power Co Ltd Stock?
Sichuan New Energy Power Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sichuan New Energy Power Co Ltd Stock.

What's the current price of Sichuan New Energy Power Co Ltd Stock?
As of the end of day on the 2024-03-27, the price of an Sichuan New Energy Power Co Ltd (000155.SZ) share was ¥10.32.

What is the 52-week high and low for Sichuan New Energy Power Co Ltd Stock?
The 52-week high for Sichuan New Energy Power Co Ltd Stock is ¥16.27 and the 52-week low is ¥8.46.

What is the market capitalization of Sichuan New Energy Power Co Ltd Stock?
As of the 2024-03-27, the market capitalization of Sichuan New Energy Power Co Ltd is 15.97B.
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About Sichuan New Energy Power Co Ltd

Sichuan New Energy Power Company Limited produces and sells chemical fertilizers, basic chemical raw materials, and organic chemical products in China. It primarily provides synthetic ammonia, urea, melamine, ammonium nitrate, sulfuric acid, and hydrogen peroxide. The company was formerly known as Sichuan Chemical Company Limited. Sichuan New Energy Power Company Limited was founded in 1997 and is headquartered in Chengdu, China.... 000155.SZ Profile

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