Jilin Electric Power Co Ltd Stock Forecast
Big movements in Jilin Electric Power Co Ltd stock price on Friday moving 10.02% between high and low
(Updated on Jun 21, 2024)
The Jilin Electric Power Co Ltd stock price fell by -0.93% on the last day (Friday, 21st Jun 2024) from ¥5.36 to ¥5.31. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 10.02% from a day low at ¥5.29 to a day high of ¥5.82. The price has fallen in 6 of the last 10 days and is down by -5.85% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -27 million shares and in total, 51 million shares were bought and sold for approximately ¥272.50 million.
Given the current short-term trend, the stock is expected to rise 32.98% during the next 3 months and, with a 90% probability hold a price between ¥7.06 and ¥9.39 at the end of this 3-month period.
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000875.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Jilin Electric Power Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥5.60 and ¥5.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -19.55%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Jilin Electric Power Co Ltd stock
Jilin Electric Power Co Ltd finds support from accumulated volume at ¥5.23 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 ¥0.530 between high and low, or 10.02%. For the last week, the stock has had daily average volatility of 6.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000875.SZ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Jilin Electric Power Co Ltd to open at ¥5.47, and during the day (based on 14 day Average True Range), to move between ¥4.87 and ¥5.75, which gives a possible trading interval of +/-¥0.442 (+/-8.33%) up or down from last closing price. If Jilin Electric Power Co Ltd takes out the full calculated possible swing range there will be an estimated 16.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.23 (1.51%) than the resistance at ¥6.25 (17.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jilin Electric Power Co Ltd stock A Buy?
The Jilin Electric Power Co Ltd stock holds several negative signals and despite the positive trend, we believe Jilin Electric Power Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.213 Sell Candidate Unchanged
Predicted Opening Price for Jilin Electric Power Co Ltd of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ¥5.47 ( 3.08%) | ¥5.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000875.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.00 | 13.06% |
| R2 | 5.80 | 9.24% |
| R1 | 5.68 | 6.89% |
| Price | 5.31 | |
| S1 | 5.27 | -0.737% |
| S2 | 5.15 | -3.09% |
| S3 | 4.94 | -6.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.60 | 24.29% |
| R2 | 6.40 | 20.53% |
| R1 | 6.25 | 17.70% |
| Price | 5.31 | |
| S1 | 5.23 | -1.51% |
| S2 | 5.05 | -4.90% |
| S3 | 4.59 | -13.56% |
000875 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 27, 2023 | Oct 27, 2023 | Oct 27, 2023 | ¥0.110 | 2.38% |
| 2 | Jul 14, 2005 | Jul 14, 2005 | Jul 14, 2005 | ¥0.0769 | 3.45% |
| 3 | Jul 06, 2004 | Jul 06, 2004 | Jul 06, 2004 | ¥0.0769 | 2.03% |
| 4 | Sep 25, 2003 | Sep 25, 2003 | Sep 25, 2003 | ¥0.0962 | 2.63% |
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