Guangxi Hechi Chemical Co Ltd Stock Forecast
Guangxi Hechi Chemical Co Ltd stock price ended at ¥3.10 on Thursday, after gaining 3.33%.
(Updated on Apr 25, 2024)
The Guangxi Hechi Chemical Co Ltd stock price gained 3.33% on the last trading day (Thursday, 25th Apr 2024), rising from ¥3.00 to ¥3.10. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.71% from a day low at ¥2.97 to a day high of ¥3.11. The price has fallen in 6 of the last 10 days and is down by -17.11% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 132 thousand more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately ¥29.07 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.09% during the next 3 months and, with a 90% probability hold a price between ¥2.30 and ¥3.61 at the end of this 3-month period.
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000953.SZ Signals & Forecast
There are mixed signals in the stock today. The Guangxi Hechi Chemical Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥3.61. On a fall, the stock will find some support from the short-term average at ¥2.97. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -23.65%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Guangxi Hechi Chemical Co Ltd stock
Guangxi Hechi Chemical Co Ltd finds support from accumulated volume at ¥3.01 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.140 between high and low, or 4.71%. For the last week, the stock has had daily average volatility of 9.90%.
Guangxi Hechi Chemical Co Ltd is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000953.SZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Guangxi Hechi Chemical Co Ltd to open at ¥3.06, and during the day (based on 14 day Average True Range), to move between ¥2.75 and ¥3.45, which gives a possible trading interval of +/-¥0.347 (+/-11.19%) up or down from last closing price. If Guangxi Hechi Chemical Co Ltd takes out the full calculated possible swing range there will be an estimated 22.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.01 (2.90%) than the resistance at ¥3.39 (9.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangxi Hechi Chemical Co Ltd stock A Buy?
Guangxi Hechi Chemical Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -5.338 Strong Sell Candidate Unchanged
Predicted Opening Price for Guangxi Hechi Chemical Co Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ¥3.06 ( 1.29%) | ¥3.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000953.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.20 | 3.23 % | |
| R2 | 3.15 | 1.50 % | ||
| R1 | 3.11 | 0.435 % | ||
| Current price: | 3.10 | |||
| Support | S1 | 3.01 | -3.02 % | |
| S2 | 2.97 | -4.08 % | ||
| S3 | 2.92 | -5.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.74 | 20.65 % | |
| R2 | 3.64 | 17.42 % | ||
| R1 | 3.39 | 9.35 % | ||
| Current price | 3.10 | |||
| Support | S1 | 3.01 | -2.90% | |
| S2 | 2.86 | -7.74% | ||
| S3 | 2.80 | -9.68% |
000953 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2003 | May 27, 2003 | May 27, 2003 | ¥0.0308 | 0.717% |
| 2 | May 23, 2002 | May 23, 2002 | May 23, 2002 | ¥0.0128 | 0.297% |
| 3 | Jul 02, 2001 | Jul 02, 2001 | Jul 02, 2001 | ¥0.0233 | 0.309% |
| 4 | Apr 27, 2000 | Apr 27, 2000 | Apr 27, 2000 | ¥0.126 | 1.48% |
FAQ
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