Hainan Haide Industry Co., Ltd. Stock Forecast
Hainan Haide Industry Co., Ltd. stock price down 0% on Friday
(Updated on Apr 26, 2024)
No changes to the price of Hainan Haide Industry Co., Ltd. stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 6.55% from a day low at ¥8.85 to a day high of ¥9.43. The price has risen in 7 of the last 10 days and is up by 7.09% over the past 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥9.64 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.35% during the next 3 months and, with a 90% probability hold a price between ¥6.90 and ¥9.03 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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000567.SZ Signals & Forecast
The Hainan Haide 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 ¥8.99 and ¥9.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 12.50%. 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. 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 Hainan Haide Industry Co., Ltd. stock
Hainan Haide Industry Co., Ltd. finds support from accumulated volume at ¥8.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.580 (6.55%) between high and low. For the last week, the stock has had daily average volatility of 4.28%.
Our recommended stop-loss: ¥9.01 (-3.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (000567.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Hainan Haide Industry Co., Ltd. to open at ¥9.21, and during the day (based on 14 day Average True Range), to move between ¥9.00 and ¥9.72, which gives a possible trading interval of +/-¥0.357 (+/-3.82%) up or down from last closing price. If Hainan Haide Industry Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥9.38 (0.21%) than the support at ¥8.94 (4.49%), 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 Hainan Haide Industry Co., Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.282 Buy Candidate Unchanged
Predicted Opening Price for Hainan Haide Industry Co., Ltd. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥9.21 ( 1.57%) | ¥9.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000567.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.79 | 4.63 % | |
| R2 | 9.57 | 2.26 % | ||
| R1 | 9.43 | 0.80 % | ||
| Current price: | 9.36 | |||
| Support | S1 | 8.99 | -3.93 % | |
| S2 | 8.85 | -5.40 % | ||
| S3 | 8.63 | -7.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.83 | 5.02 % | |
| R2 | 9.60 | 2.56 % | ||
| R1 | 9.38 | 0.214 % | ||
| Current price | 9.36 | |||
| Support | S1 | 8.94 | -4.49% | |
| S2 | 8.86 | -5.34% | ||
| S3 | 8.74 | -6.62% |
000567 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | ¥0.615 | 4.66% |
| 2 | May 30, 2022 | May 30, 2022 | May 30, 2022 | ¥0.447 | 4.92% |
| 3 | Jun 13, 2019 | Jun 13, 2019 | Jun 13, 2019 | ¥0.0228 | 0.599% |
| 4 | Aug 09, 1995 | Aug 09, 1995 | Aug 09, 1995 | ¥0.0108 | 1.54% |
| 5 | Jul 06, 1994 | Jul 06, 1994 | Jul 06, 1994 | ¥0.0196 | 2.81% |
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