Weihai Guangtai Airport Equipment Co Ltd Stock Forecast
Weihai Guangtai Airport Equipment Co Ltd stock upgraded from Buy Candidate to Strong Buy Candidate after Monday trading session.
(Updated on May 20, 2024)
The Weihai Guangtai Airport Equipment Co Ltd stock price gained 4.24% on the last trading day (Monday, 20th May 2024), rising from ¥11.57 to ¥12.06. It has now gained 5 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 9.04% from a day low at ¥11.28 to a day high of ¥12.30. The price has risen in 7 of the last 10 days and is up by 10.64% 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, 3 million more shares were traded than the day before. In total, 32 million shares were bought and sold for approximately ¥380.25 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 42.16% during the next 3 months and, with a 90% probability hold a price between ¥15.43 and ¥18.63 at the end of this 3-month period.
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002111.SZ Signals & Forecast
The Weihai Guangtai Airport Equipment Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥11.13 and ¥10.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 14.86%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Weihai Guangtai Airport Equipment Co Ltd stock
Weihai Guangtai Airport Equipment Co Ltd finds support from accumulated volume at ¥11.65 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 ¥1.02 between high and low, or 9.04%. For the last week, the stock has had daily average volatility of 6.38%.
Our recommended stop-loss: ¥11.53 (-4.37%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (002111.SZ) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Weihai Guangtai Airport Equipment Co Ltd to open at ¥11.88, and during the day (based on 14 day Average True Range), to move between ¥11.37 and ¥12.75, which gives a possible trading interval of +/-¥0.688 (+/-5.71%) up or down from last closing price. If Weihai Guangtai Airport Equipment Co Ltd takes out the full calculated possible swing range there will be an estimated 11.41% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥11.65, some ¥0.410 (3.40%) from the current price of ¥12.06, our system finds the risk reward attractive.
Is Weihai Guangtai Airport Equipment Co Ltd stock A Buy?
Weihai Guangtai Airport Equipment Co Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.080 Strong Buy Candidate Upgraded
Predicted Opening Price for Weihai Guangtai Airport Equipment Co Ltd of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ¥11.88 ( 1.49%) | ¥12.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002111.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.90 | 6.97 % | |
| R2 | 12.51 | 3.73 % | ||
| R1 | 12.27 | 1.74 % | ||
| Current price: | 12.06 | |||
| Support | S1 | 11.49 | -4.72 % | |
| S2 | 11.25 | -6.72 % | ||
| S3 | 10.86 | -9.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 12.06 | |||
| Support | S1 | 11.65 | -3.40% | |
| S2 | 11.18 | -7.30% | ||
| S3 | 10.59 | -12.19% |
002111 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2023 | Jul 12, 2023 | Jul 12, 2023 | ¥0.180 | 1.93% |
| 2 | Jul 08, 2022 | Jul 08, 2022 | Jul 08, 2022 | ¥0.300 | 3.34% |
| 3 | Jul 08, 2021 | Jul 08, 2021 | Jul 08, 2021 | ¥0.286 | 2.14% |
| 4 | Jun 10, 2020 | Jun 10, 2020 | Jun 10, 2020 | ¥0.193 | 1.95% |
| 5 | Jul 03, 2019 | Jul 03, 2019 | Jul 03, 2019 | ¥0.254 | 2.83% |
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