Anhui Tuoshan Heavy Industry Co., Ltd. Stock Forecast
Volatile ride for Anhui Tuoshan Heavy Industry Co., Ltd. stock price on Thursday moving between ¥24.11 and ¥29.87
(Updated on Jun 27, 2024)
The Anhui Tuoshan Heavy Industry Co., Ltd. stock price fell by -0.0703% on the last day (Thursday, 27th Jun 2024) from ¥28.45 to ¥28.43. During the last trading day the stock fluctuated 23.89% from a day low at ¥24.11 to a day high of ¥29.87. The price has been going up and down for this period, and there has been a 8.06% gain for the last 2 weeks. Volume has increased on the last day by 323 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately ¥140.35 million.
Given the current short-term trend, the stock is expected to fall -23.57% during the next 3 months and, with a 90% probability hold a price between ¥17.28 and ¥21.73 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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001226.SZ Signals & Forecast
There are mixed signals in the stock today. The Anhui Tuoshan Heavy Industry 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 ¥29.14. On a fall, the stock will find some support from the short-term average at ¥26.62. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 15.57%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Anhui Tuoshan Heavy Industry Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥26.86 and ¥26.36. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Anhui Tuoshan Heavy Industry Co., Ltd. finds support just below today's level at ¥26.86. If this is broken, then the next support from accumulated volume will be at ¥26.36 and ¥25.47.
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 ¥5.76 between high and low, or 23.89%. For the last week, the stock has had daily average volatility of 15.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (001226.SZ) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Anhui Tuoshan Heavy Industry Co., Ltd. to open at ¥27.47, and during the day (based on 14 day Average True Range), to move between ¥25.65 and ¥31.21, which gives a possible trading interval of +/-¥2.78 (+/-9.77%) up or down from last closing price. If Anhui Tuoshan Heavy Industry Co., Ltd. takes out the full calculated possible swing range there will be an estimated 19.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥28.45 (0.07%) than the support at ¥26.86 (5.52%), 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 Anhui Tuoshan Heavy Industry Co., Ltd. stock A Buy?
Anhui Tuoshan Heavy Industry 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: -1.625 Sell Candidate Unchanged
Predicted Opening Price for Anhui Tuoshan Heavy Industry Co., Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ¥27.47 ( 3.38%) | ¥28.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 001226.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.23 | 16.88% |
| R2 | 31.03 | 9.14% |
| R1 | 29.67 | 4.36% |
| Price | 28.43 | |
| S1 | 25.27 | -11.12% |
| S2 | 23.91 | -15.90% |
| S3 | 21.71 | -23.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.46 | 14.18% |
| R2 | 29.21 | 2.74% |
| R1 | 28.45 | 0.0703% |
| Price | 28.43 | |
| S1 | 26.86 | -5.52% |
| S2 | 26.36 | -7.28% |
| S3 | 25.47 | -10.41% |
001226 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | ¥0.400 | 1.22% |
| 2 | Oct 18, 2022 | Oct 18, 2022 | Oct 18, 2022 | ¥0.536 | 1.49% |
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