CITIC Guoan Information Indust. Co., Ltd Stock Forecast
CITIC Guoan Information Indust. Co., Ltd stock price ended at ¥2.75 on Friday, after gaining 0.365%.
(Updated on Jun 21, 2024)
The CITIC Guoan Information Indust. Co., Ltd stock price gained 0.365% on the last trading day (Friday, 21st Jun 2024), rising from ¥2.74 to ¥2.75. During the last trading day the stock fluctuated 4.09% from a day low at ¥2.69 to a day high of ¥2.80. The price has risen in 5 of the last 10 days and is up by 11.34% over the past 2 weeks. Volume fell on the last day by -25 million shares and in total, 35 million shares were bought and sold for approximately ¥97.04 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 41.83% during the next 3 months and, with a 90% probability hold a price between ¥3.38 and ¥4.31 at the end of this 3-month period.
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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 ¥2.73 and ¥2.44. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Monday, June 17, 2024, and so far it has fallen -8.03%. Further fall is indicated until a new bottom pivot has been found.
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 may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.110 between high and low, or 4.09%. For the last week, the stock has had daily average volatility of 8.06%.
Our recommended stop-loss: ¥2.61 (-5.11%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (000839.SZ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect CITIC Guoan Information Indust. Co., Ltd to open at ¥2.75, and during the day (based on 14 day Average True Range), to move between ¥2.57 and ¥2.93, which gives a possible trading interval of +/-¥0.176 (+/-6.39%) 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 12.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥2.77 (0.73%) than the support at ¥2.65 (3.64%), 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 CITIC Guoan Information Indust. 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 CITIC Guoan Information Indust. Co., Ltd stock to perform well in the short-term.
Current score: 1.967 Buy Candidate Unchanged
Predicted Opening Price for CITIC Guoan Information Indust. Co., Ltd of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ¥2.75 ( 0.121%) | ¥2.75 |
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 | 2.86 | 3.88% |
| R2 | 2.81 | 2.35% |
| R1 | 2.79 | 1.41% |
| Price | 2.75 | |
| S1 | 2.70 | -1.65% |
| S2 | 2.68 | -2.59% |
| S3 | 2.64 | -4.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.99 | 8.73% |
| R2 | 2.79 | 1.45% |
| R1 | 2.77 | 0.727% |
| Price | 2.75 | |
| S1 | 2.65 | -3.64% |
| S2 | 2.56 | -6.91% |
| S3 | 2.44 | -11.27% |
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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