Aecc Aero Engine Control Co Ltd Stock Forecast
Aecc Aero Engine Control Co Ltd stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Aecc Aero Engine Control Co Ltd stock price gained 2.62% on the last trading day (Friday, 26th Apr 2024), rising from ¥18.72 to ¥19.21. During the last trading day the stock fluctuated 5.85% from a day low at ¥18.30 to a day high of ¥19.37. The price has risen in 7 of the last 10 days and is up by 7.74% 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, 8 million more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately ¥330.63 million.
The stock lies in the middle of a 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 19.20% during the next 3 months and, with a 90% probability hold a price between ¥20.15 and ¥24.28 at the end of this 3-month period.
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000738.SZ Signals & Forecast
Mostly positive signals in the chart today. The Aecc Aero Engine Control 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 ¥18.75 and ¥18.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 38.10%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Aecc Aero Engine Control Co Ltd stock
Aecc Aero Engine Control Co Ltd finds support from accumulated volume at ¥19.08 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 ¥1.07 between high and low, or 5.85%. For the last week, the stock has had daily average volatility of 4.40%.
Our recommended stop-loss: ¥18.50 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 53 days ago.)
Trading Expectations (000738.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Aecc Aero Engine Control Co Ltd to open at ¥18.96, and during the day (based on 14 day Average True Range), to move between ¥18.48 and ¥19.94, which gives a possible trading interval of +/-¥0.729 (+/-3.79%) up or down from last closing price. If Aecc Aero Engine Control Co Ltd takes out the full calculated possible swing range there will be an estimated 7.59% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥19.08, some ¥0.130 (0.68%) from the current price of ¥19.21, our system finds the risk reward attractive.
Is Aecc Aero Engine Control Co Ltd stock A Buy?
Aecc Aero Engine Control Co Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.145 Strong Buy Candidate Upgraded
Predicted Opening Price for Aecc Aero Engine Control Co Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥18.96 ( 1.30%) | ¥19.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000738.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.03 | 4.27 % | |
| R2 | 19.62 | 2.14 % | ||
| R1 | 19.37 | 0.83 % | ||
| Current price: | 19.21 | |||
| Support | S1 | 18.55 | -3.43 % | |
| S2 | 18.30 | -4.74 % | ||
| S3 | 17.89 | -6.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 19.21 | |||
| Support | S1 | 19.08 | -0.677% | |
| S2 | 16.38 | -14.73% | ||
| S3 | 16.24 | -15.46% |
000738 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | ¥0.0530 | 0.223% |
| 2 | Jun 23, 2022 | Jun 23, 2022 | Jun 23, 2022 | ¥0.0450 | 0.162% |
| 3 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | ¥0.0450 | 0.216% |
| 4 | Jun 30, 2020 | Jun 30, 2020 | Jun 30, 2020 | ¥0.0400 | 0.293% |
| 5 | Jun 28, 2019 | Jun 28, 2019 | Jun 28, 2019 | ¥0.0400 | 0.299% |
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