Anhui Annada Titanium Industry Co., Ltd. Stock Forecast
Evaluation of Anhui Annada Titanium Industry Co., Ltd. stock downgraded after the last trading session.
(Updated on Apr 22, 2024)
The Anhui Annada Titanium Industry Co., Ltd. stock price fell by -3.09% on the last day (Monday, 22nd Apr 2024) from ¥9.70 to ¥9.40. During the last trading day the stock fluctuated 4.27% from a day low at ¥9.36 to a day high of ¥9.76. The price has been going up and down for this period, and there has been a -4.18% loss for the last 2 weeks. Volume has increased on the last day by 136 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, 4 million shares were bought and sold for approximately ¥40.44 million.
The stock lies in the middle of a very wide and weak 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 9.55% during the next 3 months and, with a 90% probability hold a price between ¥8.36 and ¥11.59 at the end of this 3-month period.
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002136.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Anhui Annada Titanium Industry Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥9.57 and ¥9.56. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -10.05%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Anhui Annada Titanium Industry Co., Ltd. stock
Anhui Annada Titanium Industry Co., Ltd. finds support from accumulated volume at ¥9.29 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 ¥0.400 between high and low, or 4.27%. For the last week, the stock has had daily average volatility of 11.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002136.SZ) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Anhui Annada Titanium Industry Co., Ltd. to open at ¥9.51, and during the day (based on 14 day Average True Range), to move between ¥8.72 and ¥10.08, which gives a possible trading interval of +/-¥0.684 (+/-7.27%) up or down from last closing price. If Anhui Annada Titanium Industry Co., Ltd. takes out the full calculated possible swing range there will be an estimated 14.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥9.44 (0.43%) than the support at ¥9.29 (1.17%), 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 Annada Titanium Industry Co., Ltd. stock A Buy?
The Anhui Annada Titanium Industry Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Anhui Annada Titanium Industry Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.910 Sell Candidate Downgraded
Predicted Opening Price for Anhui Annada Titanium Industry Co., Ltd. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| ¥9.51 ( 1.13%) | ¥9.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002136.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.91 | 5.39 % | |
| R2 | 9.75 | 3.76 % | ||
| R1 | 9.66 | 2.76 % | ||
| Current price: | 9.40 | |||
| Support | S1 | 9.35 | -0.491 % | |
| S2 | 9.26 | -1.50 % | ||
| S3 | 9.11 | -3.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.45 | 11.17 % | |
| R2 | 9.81 | 4.36 % | ||
| R1 | 9.44 | 0.426 % | ||
| Current price | 9.40 | |||
| Support | S1 | 9.29 | -1.17% | |
| S2 | 9.18 | -2.34% | ||
| S3 | 9.16 | -2.55% |
002136 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 19, 2023 | May 19, 2023 | May 19, 2023 | ¥0.200 | 1.77% |
| 2 | May 20, 2022 | May 20, 2022 | May 20, 2022 | ¥0.150 | 1.07% |
| 3 | May 19, 2021 | May 19, 2021 | May 19, 2021 | ¥0.100 | 1.02% |
| 4 | Apr 29, 2020 | Apr 29, 2020 | Apr 29, 2020 | ¥0.0500 | 0.548% |
| 5 | Jun 05, 2019 | Jun 05, 2019 | Jun 05, 2019 | ¥0.100 | 1.23% |
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