Xinjiang International Industry Co., Ltd Stock Forecast
Xinjiang International Industry Co., Ltd stock upgraded to Buy Candidate.
(Updated on May 06, 2024)
The Xinjiang International Industry Co., Ltd stock price gained 1.04% on the last trading day (Monday, 6th May 2024), rising from ¥5.78 to ¥5.84. During the last trading day the stock fluctuated 2.61% from a day low at ¥5.75 to a day high of ¥5.90. The price has risen in 6 of the last 10 days and is up by 4.47% 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, 2 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately ¥35.71 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 26.35% during the next 3 months and, with a 90% probability hold a price between ¥6.54 and ¥8.27 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 ¥5.67 and ¥5.67. A breakdown below any of these levels will issue sell signals. 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 Wednesday, April 03, 2024, and so far it has fallen -4.11%. 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 Xinjiang International Industry Co., Ltd stock
Xinjiang International Industry Co., Ltd finds support from accumulated volume at ¥5.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ¥0.150 between high and low, or 2.61%. For the last week, the stock has had daily average volatility of 4.83%.
Our recommended stop-loss: ¥5.59 (-4.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (000159.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Xinjiang International Industry Co., Ltd to open at ¥5.83, and during the day (based on 14 day Average True Range), to move between ¥5.53 and ¥6.15, which gives a possible trading interval of +/-¥0.314 (+/-5.38%) 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 10.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥5.88 (0.68%) than the support at ¥5.70 (2.40%), 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?
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 Xinjiang International Industry Co., Ltd 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: 2.320 Buy Candidate Upgraded
Predicted Opening Price for Xinjiang International Industry Co., Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥5.83 ( 0.171%) | ¥5.84 |
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 | 5.98 | 2.40 % | |
| R2 | 5.92 | 1.42 % | ||
| R1 | 5.89 | 0.81 % | ||
| Current price: | 5.84 | |||
| Support | S1 | 5.77 | -1.15 % | |
| S2 | 5.74 | -1.76 % | ||
| S3 | 5.68 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.09 | 4.28 % | |
| R2 | 5.97 | 2.23 % | ||
| R1 | 5.88 | 0.685 % | ||
| Current price | 5.84 | |||
| Support | S1 | 5.70 | -2.40% | |
| S2 | 5.20 | -10.96% | ||
| S3 | 4.40 | -24.66% |
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% |
FAQ
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