JiaoZuo WanFang Alum. Manufac. Co.,Ltd. Stock Forecast
Big movements in JiaoZuo WanFang Alum. Manufac. Co.,Ltd. stock price on Thursday moving 12.47% between high and low
(Updated on Apr 25, 2024)
The JiaoZuo WanFang Alum. Manufac. Co.,Ltd. stock price gained 5.61% on the last trading day (Thursday, 25th Apr 2024), rising from ¥7.48 to ¥7.90. During the last trading day the stock fluctuated 12.47% from a day low at ¥7.38 to a day high of ¥8.30. The price has risen in 6 of the last 10 days and is up by 7.05% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 56 million more shares were traded than the day before. In total, 132 million shares were bought and sold for approximately ¥1.04 billion.
The stock lies in the middle of a very 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 67.03% during the next 3 months and, with a 90% probability hold a price between ¥10.88 and ¥14.93 at the end of this 3-month period.
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000612.SZ Signals & Forecast
The JiaoZuo WanFang Alum. Manufac. 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 ¥7.75 and ¥6.34. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -7.82%. 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 JiaoZuo WanFang Alum. Manufac. Co.,Ltd. stock
JiaoZuo WanFang Alum. Manufac. Co.,Ltd. finds support from accumulated volume at ¥7.65 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.92 between high and low, or 12.47%. For the last week, the stock has had daily average volatility of 14.11%.
Our recommended stop-loss: ¥7.44 (-5.86%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (000612.SZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect JiaoZuo WanFang Alum. Manufac. Co.,Ltd. to open at ¥7.86, and during the day (based on 14 day Average True Range), to move between ¥7.10 and ¥8.70, which gives a possible trading interval of +/-¥0.799 (+/-10.12%) up or down from last closing price. If JiaoZuo WanFang Alum. Manufac. Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 20.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥8.00 (1.27%) than the support at ¥7.65 (3.16%), 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 JiaoZuo WanFang Alum. Manufac. Co.,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for JiaoZuo WanFang Alum. Manufac. Co.,Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.654 Buy Candidate Upgraded
Predicted Opening Price for JiaoZuo WanFang Alum. Manufac. Co.,Ltd. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ¥7.86 ( 0.506%) | ¥7.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000612.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.78 | 11.14 % | |
| R2 | 8.43 | 6.69 % | ||
| R1 | 8.21 | 3.94 % | ||
| Current price: | 7.90 | |||
| Support | S1 | 7.51 | -4.95 % | |
| S2 | 7.29 | -7.70 % | ||
| S3 | 6.94 | -12.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.57 | 8.48 % | |
| R2 | 8.20 | 3.80 % | ||
| R1 | 8.00 | 1.27 % | ||
| Current price | 7.90 | |||
| Support | S1 | 7.65 | -3.16% | |
| S2 | 7.38 | -6.58% | ||
| S3 | 7.18 | -9.11% |
000612 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2023 | Jun 27, 2023 | Jun 27, 2023 | ¥0.0700 | 1.47% |
| 2 | Jun 28, 2022 | Jun 28, 2022 | Jun 28, 2022 | ¥0.0900 | 1.41% |
| 3 | Apr 21, 2021 | Apr 21, 2021 | Apr 21, 2021 | ¥0.0500 | 0.609% |
| 4 | May 27, 2020 | May 27, 2020 | May 27, 2020 | ¥0.0100 | 0.190% |
| 5 | Jun 14, 2018 | Jun 14, 2018 | Jun 14, 2018 | ¥0.0500 | 0.89% |
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