Nanjing Public Utilities Devlpmnt Co Ltd Stock Forecast
Volatile ride for Nanjing Public Utilities Devlpmnt Co Ltd stock price on Wednesday moving between ¥4.26 and ¥5.76
(Updated on Apr 17, 2024)
The Nanjing Public Utilities Devlpmnt Co Ltd stock price gained 1.79% on the last trading day (Wednesday, 17th Apr 2024), rising from ¥4.47 to ¥4.55. During the last trading day the stock fluctuated 35.21% from a day low at ¥4.26 to a day high of ¥5.76. The price has been going up and down for this period, and there has been a -13.33% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 million more shares were traded than the day before. In total, 42 million shares were bought and sold for approximately ¥189.05 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 -3.06% during the next 3 months and, with a 90% probability hold a price between ¥3.57 and ¥5.84 at the end of this 3-month period.
000421.SZ Signals & Forecast
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. The Nanjing Public Utilities Devlpmnt 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 ¥5.27 and ¥5.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -24.67%. 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 Nanjing Public Utilities Devlpmnt Co Ltd stock
Nanjing Public Utilities Devlpmnt Co Ltd finds support from accumulated volume at ¥4.46 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 ¥1.50 between high and low, or 35.21%. For the last week, the stock has had daily average volatility of 20.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000421.SZ) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Nanjing Public Utilities Devlpmnt Co Ltd to open at ¥4.86, and during the day (based on 14 day Average True Range), to move between ¥4.01 and ¥5.09, which gives a possible trading interval of +/-¥0.544 (+/-11.96%) up or down from last closing price. If Nanjing Public Utilities Devlpmnt Co Ltd takes out the full calculated possible swing range there will be an estimated 23.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.46 (1.98%) than the resistance at ¥5.02 (10.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nanjing Public Utilities Devlpmnt Co Ltd stock A Buy?
Nanjing Public Utilities Devlpmnt 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 Sell to a Strong Sell candidate.
Current score: -6.140 Strong Sell Candidate Downgraded
Predicted Opening Price for Nanjing Public Utilities Devlpmnt Co Ltd of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| ¥4.86 ( 6.74%) | ¥4.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000421.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.36 | 39.71 % | |
| R2 | 5.78 | 27.11 % | ||
| R1 | 5.43 | 19.33 % | ||
| Current price: | 4.55 | |||
| Support | S1 | 4.28 | -5.85 % | |
| S2 | 3.93 | -13.63 % | ||
| S3 | 3.36 | -26.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.49 | 20.66 % | |
| R2 | 5.40 | 18.68 % | ||
| R1 | 5.02 | 10.33 % | ||
| Current price | 4.55 | |||
| Support | S1 | 4.46 | -1.98% | |
| S2 | 3.98 | -12.53% | ||
| S3 | 3.83 | -15.82% |
000421 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | ¥0.100 | 2.10% |
| 2 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | ¥0.100 | 2.08% |
| 3 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | ¥0.0650 | 1.29% |
| 4 | Aug 14, 2020 | Aug 14, 2020 | Aug 14, 2020 | ¥0.0650 | 0.90% |
| 5 | Jul 05, 2019 | Jul 05, 2019 | Jul 05, 2019 | ¥0.100 | 2.13% |
FAQ
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