Xinjiang International Industry Co., Ltd Stock Forecast
Stronger technical forecast for Xinjiang International Industry Co., Ltd stock price after Friday trading.
(Updated on Apr 26, 2024)
The Xinjiang International Industry Co., Ltd stock price fell by -0.178% on the last day (Friday, 26th Apr 2024) from ¥5.63 to ¥5.62. During the last trading day the stock fluctuated 6.57% from a day low at ¥5.33 to a day high of ¥5.68. The price has been going up and down for this period, and there has been a -5.86% loss for the last 2 weeks. Volume has increased on the last day by 811 thousand 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, 6 million shares were bought and sold for approximately ¥31.82 million.
The stock lies in the middle of a very wide and 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 24.39% during the next 3 months and, with a 90% probability hold a price between ¥6.11 and ¥7.98 at the end of this 3-month period.
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000159.SZ Signals & Forecast
The Xinjiang International Industry Co., Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥5.54 and ¥5.62. A breakdown below any of these levels will issue sell signals. 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 Wednesday, April 03, 2024, and so far it has fallen -7.72%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Xinjiang International Industry Co., Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥5.28 and ¥5.20. 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, Xinjiang International Industry Co., Ltd finds support just below today's level at ¥5.28. If this is broken, then the next support from accumulated volume will be at ¥5.20 and ¥4.40.
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 ¥0.350 between high and low, or 6.57%. For the last week, the stock has had daily average volatility of 5.74%.
Our recommended stop-loss: ¥5.40 (-3.89%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (000159.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Xinjiang International Industry Co., Ltd to open at ¥5.54, and during the day (based on 14 day Average True Range), to move between ¥5.27 and ¥5.97, which gives a possible trading interval of +/-¥0.348 (+/-6.19%) up or down from last closing price. If Xinjiang International Industry Co., Ltd takes out the full calculated possible swing range there will be an estimated 12.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥5.63 (0.18%) than the support at ¥5.28 (6.05%), 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 Xinjiang International Industry Co., Ltd stock A Buy?
Xinjiang International Industry Co., Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.869 Hold/Accumulate Upgraded
Predicted Opening Price for Xinjiang International Industry Co., Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥5.54 ( 1.36%) | ¥5.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000159.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.89 | 4.86 % | |
| R2 | 5.76 | 2.48 % | ||
| R1 | 5.68 | 1.01 % | ||
| Current price: | 5.62 | |||
| Support | S1 | 5.41 | -3.74 % | |
| S2 | 5.33 | -5.21 % | ||
| S3 | 5.19 | -7.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.09 | 8.36 % | |
| R2 | 5.70 | 1.42 % | ||
| R1 | 5.63 | 0.178 % | ||
| Current price | 5.62 | |||
| Support | S1 | 5.28 | -6.05% | |
| S2 | 5.20 | -7.47% | ||
| S3 | 4.40 | -21.71% |
000159 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | ¥0.0200 | 0.310% |
| 2 | Jul 20, 2020 | Jul 20, 2020 | Jul 20, 2020 | ¥0.0200 | 0.327% |
| 3 | Jul 08, 2019 | Jul 08, 2019 | Jul 08, 2019 | ¥0.0300 | 0.426% |
| 4 | Dec 15, 2017 | Dec 15, 2017 | Dec 15, 2017 | ¥0.0300 | 0.559% |
| 5 | Jul 07, 2017 | Jul 07, 2017 | Jul 07, 2017 | ¥0.0300 | 0.430% |
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