Xuji Electric Co Ltd Stock Forecast
Xuji Electric Co Ltd stock downgraded to Hold/Accumulate
(Updated on Jul 02, 2024)
The Xuji Electric Co Ltd stock price fell by -4.28% on the last day (Tuesday, 2nd Jul 2024) from ¥34.59 to ¥33.11. During the last trading day the stock fluctuated 8.80% from a day low at ¥31.69 to a day high of ¥34.48. The price has fallen in 7 of the last 10 days and is down by -2.39% for this period. Volume has increased on the last day by 4 million 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, 24 million shares were bought and sold for approximately ¥801.37 million.
The stock lies in the middle of a 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 33.71% during the next 3 months and, with a 90% probability hold a price between ¥41.46 and ¥46.46 at the end of this 3-month period.
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000400.SZ Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -4.28%. 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. The Xuji Electric Co Ltd 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 ¥33.09 and ¥30.92. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Xuji Electric Co Ltd stock
Xuji Electric Co Ltd finds support from accumulated volume at ¥32.10 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 ¥2.79 between high and low, or 8.80%. For the last week, the stock has had daily average volatility of 7.43%.
Our recommended stop-loss: ¥31.68 (-4.31%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (000400.SZ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Xuji Electric Co Ltd to open at ¥33.09, and during the day (based on 14 day Average True Range), to move between ¥31.12 and ¥35.10, which gives a possible trading interval of +/-¥1.99 (+/-6.01%) up or down from last closing price. If Xuji Electric Co Ltd takes out the full calculated possible swing range there will be an estimated 12.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥33.92 (2.45%) than the support at ¥32.10 (3.05%), 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 Xuji Electric Co Ltd stock A Buy?
Xuji Electric Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.562 Hold/Accumulate Downgraded
Predicted Opening Price for Xuji Electric Co Ltd of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
¥33.09 ( 0.0503%) | ¥33.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000400.SZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.88 | 8.38% |
R2 | 34.82 | 5.16% |
R1 | 34.16 | 3.17% |
Price | 33.11 | |
S1 | 32.03 | -3.27% |
S2 | 31.37 | -5.26% |
S3 | 30.30 | -8.48% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 34.59 | 4.47% |
R2 | 34.41 | 3.93% |
R1 | 33.92 | 2.45% |
Price | 33.11 | |
S1 | 32.10 | -3.05% |
S2 | 27.08 | -18.21% |
S3 | 26.88 | -18.82% |
000400 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2024 | Jun 13, 2024 | Jun 13, 2024 | ¥0.296 | 0.90% |
2 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | ¥0.140 | 0.643% |
3 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | ¥0.100 | 0.517% |
4 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | ¥0.100 | 0.81% |
5 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | ¥0.0600 | 0.448% |
FAQ
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