Faw Car Co., Ltd. Stock Forecast
Red day on Monday for Faw Car Co., Ltd.
(Updated on May 13, 2024)
No changes to the price of Faw Car Co., Ltd. stock on the last trading day (Monday, 13th May 2024). During the last trading day the stock fluctuated 2.37% from a day low at ¥8.87 to a day high of ¥9.08. The price has fallen in 5 of the last 10 days but is still up by 2.15% over the past 2 weeks.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ¥9.05. A reaction back to this level may hold a second chance to get out before further falls.
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000800.SZ Signals & Forecast
The Faw Car Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥9.06. On a fall, the stock will find some support from the long-term average at approximately ¥9.00. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -1.96%. Further fall is indicated until a new bottom pivot has been found. 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.
A sell signal from a double top formation was found on Tuesday, May 07, 2024 with a target of ¥9.10. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Faw Car Co., Ltd. stock
Faw Car Co., Ltd. finds support from accumulated volume at ¥8.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.210 between high and low, or 2.37%. For the last week the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: ¥8.58 (-4.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (000800.SZ) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Faw Car Co., Ltd. to open at ¥8.99, and during the day (based on 14 day Average True Range), to move between ¥8.73 and ¥9.29, which gives a possible trading interval of +/-¥0.280 (+/-3.11%) up or down from last closing price. If Faw Car Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥9.05 (0.44%) than the support at ¥8.79 (2.44%), 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 Faw Car 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 Faw Car Co., Ltd. stock to perform well in the short-term.
Current score: 1.094 Buy Candidate Unchanged
Predicted Opening Price for Faw Car Co., Ltd. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| ¥8.99 ( 0.259%) | ¥9.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000800.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.20 | 2.07 % | |
| R2 | 9.12 | 1.18 % | ||
| R1 | 9.07 | 0.631 % | ||
| Current price: | 9.01 | |||
| Support | S1 | 8.91 | -1.15 % | |
| S2 | 8.86 | -1.70 % | ||
| S3 | 8.78 | -2.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.23 | 2.44 % | |
| R2 | 9.18 | 1.89 % | ||
| R1 | 9.05 | 0.444 % | ||
| Current price | 9.01 | |||
| Support | S1 | 8.79 | -2.44% | |
| S2 | 8.69 | -3.55% | ||
| S3 | 8.62 | -4.33% |
000800 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2022 | Jun 20, 2022 | Jun 20, 2022 | ¥0.650 | 6.68% |
| 2 | Jul 15, 2021 | Jul 15, 2021 | Jul 15, 2021 | ¥0.500 | 4.57% |
| 3 | Jul 10, 2019 | Jul 10, 2019 | Jul 10, 2019 | ¥0.0300 | 0.321% |
| 4 | Jul 20, 2018 | Jul 20, 2018 | Jul 20, 2018 | ¥0.0200 | 0.269% |
| 5 | Jul 15, 2016 | Jul 15, 2016 | Jul 15, 2016 | ¥0.0430 | 0.391% |
FAQ
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