Jinyuan EP Co Ltd Stock Forecast
High volatility in Jinyuan EP Co Ltd stock price on Thursday which ended trading at ¥4.77
(Updated on Apr 18, 2024)
The Jinyuan EP Co Ltd stock price fell by -3.25% on the last day (Thursday, 18th Apr 2024) from ¥4.93 to ¥4.77. During the last trading day the stock fluctuated 28.09% from a day low at ¥4.70 to a day high of ¥6.02. The price has fallen in 6 of the last 10 days and is down by -21.67% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 million shares and in total, 20 million shares were bought and sold for approximately ¥94.87 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 -9.50% during the next 3 months and, with a 90% probability hold a price between ¥3.74 and ¥5.68 at the end of this 3-month period.
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000546.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Jinyuan EP 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 ¥5.33 and ¥5.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -25.00%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Jinyuan EP Co Ltd stock
Jinyuan EP Co Ltd finds support from accumulated volume at ¥4.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥1.32 between high and low, or 28.09%. For the last week, the stock has had daily average volatility of 22.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000546.SZ) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Jinyuan EP Co Ltd to open at ¥5.16, and during the day (based on 14 day Average True Range), to move between ¥4.16 and ¥5.38, which gives a possible trading interval of +/-¥0.608 (+/-12.75%) up or down from last closing price. If Jinyuan EP Co Ltd takes out the full calculated possible swing range there will be an estimated 25.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.66 (2.31%) than the resistance at ¥4.93 (3.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jinyuan EP Co Ltd stock A Buy?
Jinyuan EP 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: -6.074 Strong Sell Candidate Downgraded
Predicted Opening Price for Jinyuan EP Co Ltd of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| ¥5.16 ( 8.25%) | ¥4.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000546.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.48 | 35.92 % | |
| R2 | 5.98 | 25.35 % | ||
| R1 | 5.67 | 18.82 % | ||
| Current price: | 4.77 | |||
| Support | S1 | 4.66 | -2.33 % | |
| S2 | 4.35 | -8.86 % | ||
| S3 | 3.84 | -19.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.96 | 24.95 % | |
| R2 | 5.18 | 8.60 % | ||
| R1 | 4.93 | 3.35 % | ||
| Current price | 4.77 | |||
| Support | S1 | 4.66 | -2.31% | |
| S2 | 4.64 | -2.73% | ||
| S3 | 0 | . |
000546 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | ¥0.0200 | 0.132% |
| 2 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | ¥0.0600 | 0.92% |
| 3 | Jul 02, 2020 | Jul 02, 2020 | Jul 02, 2020 | ¥0.0800 | 0.777% |
| 4 | Jul 17, 2019 | Jul 17, 2019 | Jul 17, 2019 | ¥0.0500 | 0.533% |
| 5 | Jun 14, 2018 | Jun 14, 2018 | Jun 14, 2018 | ¥0.0500 | 0.405% |
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