CITIC Guoan Information Indust. Co., Ltd Stock Forecast
Big movements in CITIC Guoan Information Indust. Co., Ltd stock price on Friday moving 13.73% between high and low
(Updated on Jun 14, 2024)
The CITIC Guoan Information Indust. Co., Ltd stock price gained 4.53% on the last trading day (Friday, 14th Jun 2024), rising from ¥2.65 to ¥2.77. During the last trading day the stock fluctuated 13.73% from a day low at ¥2.55 to a day high of ¥2.90. The price has risen in 5 of the last 10 days and is up by 8.63% 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, 43 million more shares were traded than the day before. In total, 119 million shares were bought and sold for approximately ¥329.74 million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ¥2.69, a level that may pose a second chance to hit a runner. According to fan-theory ¥3.12 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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000839.SZ Signals & Forecast
The CITIC Guoan Information Indust. 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 ¥2.49 and ¥2.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 17.37%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CITIC Guoan Information Indust. Co., Ltd stock
CITIC Guoan Information Indust. Co., Ltd finds support from accumulated volume at ¥2.65 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 ¥0.350 between high and low, or 13.73%. For the last week, the stock has had daily average volatility of 8.61%.
Our recommended stop-loss: ¥2.67 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (000839.SZ) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect CITIC Guoan Information Indust. Co., Ltd to open at ¥2.74, and during the day (based on 14 day Average True Range), to move between ¥2.60 and ¥2.94, which gives a possible trading interval of +/-¥0.166 (+/-6.01%) up or down from last closing price. If CITIC Guoan Information Indust. Co., Ltd takes out the full calculated possible swing range there will be an estimated 12.02% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥2.65, some ¥0.120 (4.33%) from the current price of ¥2.77, our system finds the risk reward attractive.
Is CITIC Guoan Information Indust. Co., Ltd stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for CITIC Guoan Information Indust. Co., Ltd stock to perform well in the short-term period.
Current score: 5.660 Strong Buy Candidate Unchanged
Predicted Opening Price for CITIC Guoan Information Indust. Co., Ltd of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ¥2.74 ( 1.08%) | ¥2.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000839.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.09 | 11.55% |
| R2 | 2.96 | 6.73% |
| R1 | 2.87 | 3.74% |
| Price | 2.77 | |
| S1 | 2.61 | -5.91% |
| S2 | 2.52 | -8.89% |
| S3 | 2.39 | -13.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2.77 | |
| S1 | 2.65 | -4.33% |
| S2 | 2.56 | -7.58% |
| S3 | 2.44 | -11.91% |
000839 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 27, 2018 | Aug 27, 2018 | Aug 27, 2018 | ¥0.0500 | 1.11% |
| 2 | Aug 18, 2017 | Aug 18, 2017 | Aug 18, 2017 | ¥0.0500 | 0.516% |
| 3 | Jul 29, 2016 | Jul 29, 2016 | Jul 29, 2016 | ¥0.100 | 1.05% |
| 4 | Jul 08, 2015 | Jul 08, 2015 | Jul 08, 2015 | ¥0.0800 | 0.85% |
| 5 | Aug 12, 2014 | Aug 12, 2014 | Aug 12, 2014 | ¥0.0400 | 1.18% |
FAQ
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