RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 000978.SZ
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Guilin Tourism Corp Ltd stock upgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Guilin Tourism Corp Ltd stock price gained 1.16% on the last trading day (Thursday, 28th Mar 2024), rising from ¥6.90 to ¥6.98. During the last trading day the stock fluctuated 2.78% from a day low at ¥6.83 to a day high of ¥7.02. The price has risen in 6 of the last 10 days and is up by 2.2% 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, 1 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately ¥56.72 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥7.25 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.31% during the next 3 months and, with a 90% probability hold a price between ¥4.79 and ¥6.65 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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000978.SZ Signals & Forecast

The Guilin Tourism Corp 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 ¥7.09. On a fall, the stock will find some support from the long-term average at approximately ¥6.57. 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. Furthermore, there is a buy 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. 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 Thursday, March 21, 2024, and so far it has fallen -4.51%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Guilin Tourism Corp Ltd stock

Guilin Tourism Corp Ltd finds support from accumulated volume at ¥6.93 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 ¥0.190 between high and low, or 2.78%. For the last week, the stock has had daily average volatility of 2.98%.

Our recommended stop-loss: ¥6.63 (-5.07%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (000978.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Guilin Tourism Corp Ltd to open at ¥6.94, and during the day (based on 14 day Average True Range), to move between ¥6.76 and ¥7.20, which gives a possible trading interval of +/-¥0.222 (+/-3.19%) up or down from last closing price. If Guilin Tourism Corp Ltd takes out the full calculated possible swing range there will be an estimated 6.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥6.93 (0.72%) than the resistance at ¥7.31 (4.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Guilin Tourism Corp Ltd stock A Buy?

Guilin Tourism Corp Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.425 Hold/Accumulate Upgraded

Predicted Opening Price for Guilin Tourism Corp Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥6.94 ( 0.525%) ¥6.98

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

Trading levels for 000978.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.13 2.20 %
R2 7.06 1.16 %
R1 7.02 0.515 %
Current price: 6.98
Support S1 6.87 -1.57 %
S2 6.83 -2.21 %
S3 6.75 -3.25 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.03 15.04 %
R2 7.88 12.89 %
R1 7.31 4.73 %
Current price 6.98
Support S1 6.93 -0.716%
S2 6.81 -2.44%
S3 6.54 -6.30%

000978 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 02, 2020 Jun 02, 2020 Jun 02, 2020 ¥0.0200 0.433%
2 Jun 19, 2019 Jun 19, 2019 Jun 19, 2019 ¥0.0800 1.44%
3 Jun 07, 2018 Jun 07, 2018 Jun 07, 2018 ¥0.0700 1.03%
4 Jun 17, 2016 Jun 17, 2016 Jun 17, 2016 ¥0.0500 0.489%
5 Jun 12, 2015 Jun 12, 2015 Jun 12, 2015 ¥0.0450 0.224%

FAQ

What is the symbol for Guilin Tourism Corp Ltd Stock and on which exchange is it traded?
The symbol for Guilin Tourism Corp Ltd is 000978.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Guilin Tourism Corp Ltd Stock?
Guilin Tourism Corp Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 Guilin Tourism Corp Ltd Stock?
Guilin Tourism Corp 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 Guilin Tourism Corp Ltd Stock.

What's the current price of Guilin Tourism Corp Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Guilin Tourism Corp Ltd (000978.SZ) share was ¥6.98.

What is the 52-week high and low for Guilin Tourism Corp Ltd Stock?
The 52-week high for Guilin Tourism Corp Ltd Stock is ¥9.33 and the 52-week low is ¥5.18.

What is the market capitalization of Guilin Tourism Corp Ltd Stock?
As of the 2024-03-28, the market capitalization of Guilin Tourism Corp Ltd is 3.268B.
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About Guilin Tourism Corp Ltd

Guilin Tourism  Ltd Guilin Tourism Corporation Limited provides tourism and related services in China. It is also involved in the cruise and road travel passenger transportation, scenic tourism, hotels, and taxi businesses. The company is based in Guilin, China.... 000978.SZ Profile

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