Sichuan Jinlu Group Co., Ltd. Stock Forecast
Red day on Thursday for Sichuan Jinlu Group Co., Ltd.
(Updated on May 16, 2024)
No changes to the price of Sichuan Jinlu Group Co., Ltd. stock on the last trading day (Thursday, 16th May 2024). During the last trading day the stock fluctuated 4.18% from a day low at ¥3.83 to a day high of ¥3.99. The price has fallen in 5 of the last 10 days but is still up by 3.49% over the past 2 weeks.
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 -3.27% during the next 3 months and, with a 90% probability hold a price between ¥3.33 and ¥4.21 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
000510.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.32%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sichuan Jinlu Group Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥3.89 and ¥3.94. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Sichuan Jinlu Group Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥3.56 and ¥3.51. 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, Sichuan Jinlu Group Co., Ltd. finds support just below today's level at ¥3.56. If this is broken, then the next support from accumulated volume will be at ¥3.51 and ¥3.50.
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 ¥0.160 between high and low, or 4.18%. For the last week, the stock has had daily average volatility of 4.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000510.SZ) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Sichuan Jinlu Group Co., Ltd. to open at ¥3.89, and during the day (based on 14 day Average True Range), to move between ¥3.60 and ¥4.10, which gives a possible trading interval of +/-¥0.252 (+/-6.54%) up or down from last closing price. If Sichuan Jinlu Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 13.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥3.93 (2.08%) than the support at ¥3.56 (7.53%), 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 Sichuan Jinlu Group Co., Ltd. stock A Buy?
Sichuan Jinlu Group 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.
Current score: -2.326 Sell Candidate Unchanged
Predicted Opening Price for Sichuan Jinlu Group Co., Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ¥3.89 ( 1.04%) | ¥3.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000510.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.05 | 5.19 % | |
| R2 | 3.99 | 3.61 % | ||
| R1 | 3.95 | 2.63 % | ||
| Current price: | 3.85 | |||
| Support | S1 | 3.83 | -0.549 % | |
| S2 | 3.79 | -1.53 % | ||
| S3 | 3.73 | -3.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.12 | 7.01 % | |
| R2 | 4.00 | 3.90 % | ||
| R1 | 3.93 | 2.08 % | ||
| Current price | 3.85 | |||
| Support | S1 | 3.56 | -7.53% | |
| S2 | 3.51 | -8.83% | ||
| S3 | 3.50 | -9.09% |
000510 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 15, 2018 | Jun 15, 2018 | Jun 15, 2018 | ¥0.0400 | 0.743% |
| 2 | Aug 01, 2008 | Aug 01, 2008 | Aug 01, 2008 | ¥0.0530 | 1.13% |
| 3 | Jul 10, 2007 | Jul 10, 2007 | Jul 10, 2007 | ¥0.0420 | 0.628% |
| 4 | Jun 09, 2005 | Jun 09, 2005 | Jun 09, 2005 | ¥0.0500 | 1.85% |
| 5 | Jun 05, 2003 | Jun 05, 2003 | Jun 05, 2003 | ¥0.0192 | 0.392% |
FAQ
Click here for our free guide on how to buy Sichuan Jinlu Group Co., Ltd. Stock.
