RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 000966.SZ
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Guodian Changyuan Electric Power Co. Ltd stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Guodian Changyuan Electric Power Co. Ltd stock price gained 0.92% on the last trading day (Thursday, 28th Mar 2024), rising from ¥4.36 to ¥4.40. During the last trading day the stock fluctuated 2.54% from a day low at ¥4.33 to a day high of ¥4.44. The price has fallen in 5 of the last 10 days and is down by -2.65% for this period. Volume fell on the last day by -686 thousand shares and in total, 14 million shares were bought and sold for approximately ¥61.13 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 is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Guodian Changyuan Electric Power Co. Ltd stock with a 90% probability to be traded between ¥3.73 and ¥4.68 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

000966.SZ Signals & Forecast

The Guodian Changyuan Electric Power 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 ¥4.46. On a fall, the stock will find some support from the long-term average at approximately ¥4.39. 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. 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, March 11, 2024, and so far it has fallen -5.58%. 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).

Support, Risk & Stop-loss for Guodian Changyuan Electric Power Co. Ltd stock

Guodian Changyuan Electric Power Co. Ltd finds support from accumulated volume at ¥4.34 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 ¥0.110 between high and low, or 2.54%. For the last week the stock has had daily average volatility of 2.65%.

Our recommended stop-loss: ¥4.20 (-4.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (000966.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Guodian Changyuan Electric Power Co. Ltd to open at ¥4.39, and during the day (based on 14 day Average True Range), to move between ¥4.28 and ¥4.52, which gives a possible trading interval of +/-¥0.119 (+/-2.71%) up or down from last closing price. If Guodian Changyuan Electric Power Co. Ltd takes out the full calculated possible swing range there will be an estimated 5.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥4.34 (1.36%) than the resistance at ¥4.52 (2.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Guodian Changyuan Electric Power Co. Ltd stock A Buy?

Guodian Changyuan Electric Power Co. Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.045 Hold/Accumulate Upgraded

Predicted Opening Price for Guodian Changyuan Electric Power Co. Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥4.39 ( 0.227%) ¥4.40

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 000966.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.50 2.27 %
R2 4.46 1.32 %
R1 4.43 0.728 %
Current price: 4.40
Support S1 4.35 -1.18 %
S2 4.32 -1.77 %
S3 4.28 -2.73 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.88 10.91 %
R2 4.78 8.64 %
R1 4.52 2.73 %
Current price 4.40
Support S1 4.34 -1.36%
S2 4.31 -2.05%
S3 4.14 -5.91%

000966 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 20, 2023 Jun 20, 2023 Jun 20, 2023 ¥0.0140 0.262%
2 Jun 08, 2021 Jun 08, 2021 Jun 08, 2021 ¥0.0500 0.397%
3 Jul 09, 2020 Jul 09, 2020 Jul 09, 2020 ¥0.160 4.01%
4 Jul 05, 2019 Jul 05, 2019 Jul 05, 2019 ¥0.0600 1.07%
5 Jun 22, 2017 Jun 22, 2017 Jun 22, 2017 ¥0.0900 1.87%

FAQ

What is the symbol for Guodian Changyuan Electric Power Co. Ltd Stock and on which exchange is it traded?
The symbol for Guodian Changyuan Electric Power Co. Ltd is 000966.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Guodian Changyuan Electric Power Co. Ltd Stock?
Guodian Changyuan Electric Power Co. Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Guodian Changyuan Electric Power Co. Ltd Stock?
Guodian Changyuan Electric Power Co. Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Guodian Changyuan Electric Power Co. Ltd Stock.

What's the current price of Guodian Changyuan Electric Power Co. Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Guodian Changyuan Electric Power Co. Ltd (000966.SZ) share was ¥4.40.

What is the 52-week high and low for Guodian Changyuan Electric Power Co. Ltd Stock?
The 52-week high for Guodian Changyuan Electric Power Co. Ltd Stock is ¥6.04 and the 52-week low is ¥3.61.

What is the market capitalization of Guodian Changyuan Electric Power Co. Ltd Stock?
As of the 2024-03-28, the market capitalization of Guodian Changyuan Electric Power Co. Ltd is 12.097B.
Click to get the best stock tips daily for free!

About Guodian Changyuan Electric Power Co. Ltd

CHN Energy Changyuan Electric Power Co., Ltd. engages in the development electric power, heat production, and new energy businesses in China. It generates electricity through thermal, wind, and biomass sources; and provides technical and training services. The company was formerly known as Guodian Changyuan Electric Power Co., Ltd. and changed its name to CHN Energy Changyuan Electric Power Co., Ltd. in August 2021. The company was founded in 199... 000966.SZ Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT