CNNC HUA YUAN TITANIUM DIOXIDE CO., LTD Stock Forecast
Big movements in CNNC HUA YUAN TITANIUM DIOXIDE CO., LTD stock price on Friday moving 12.76% between high and low
(Updated on Apr 19, 2024)
The CNNC HUA YUAN TITANIUM DIOXIDE CO., LTD stock price gained 1.51% on the last trading day (Friday, 19th Apr 2024), rising from ¥3.97 to ¥4.03. It has now gained 3 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 12.76% from a day low at ¥3.92 to a day high of ¥4.42. The price has been going up and down for this period, and there has been a -10.64% loss for the last 2 weeks. Volume fell on the last day by -37 million shares and in total, 50 million shares were bought and sold for approximately ¥201.67 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 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 9.39% during the next 3 months and, with a 90% probability hold a price between ¥3.93 and ¥5.01 at the end of this 3-month period.
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002145.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 12.26%. Further rise is indicated until a new top pivot has been found. 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. The CNNC HUA YUAN TITANIUM DIOXIDE CO., LTD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥4.03 and ¥4.20. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CNNC HUA YUAN TITANIUM DIOXIDE CO., LTD stock
CNNC HUA YUAN TITANIUM DIOXIDE CO., LTD finds support from accumulated volume at ¥3.97 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 ¥0.500 between high and low, or 12.76%. For the last week, the stock has had daily average volatility of 17.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002145.SZ) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect CNNC HUA YUAN TITANIUM DIOXIDE CO., LTD to open at ¥4.12, and during the day (based on 14 day Average True Range), to move between ¥3.72 and ¥4.34, which gives a possible trading interval of +/-¥0.315 (+/-7.81%) up or down from last closing price. If CNNC HUA YUAN TITANIUM DIOXIDE CO., LTD takes out the full calculated possible swing range there will be an estimated 15.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.97 (1.49%) than the resistance at ¥4.11 (1.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CNNC HUA YUAN TITANIUM DIOXIDE CO., LTD stock A Buy?
The CNNC HUA YUAN TITANIUM DIOXIDE CO., LTD stock holds several negative signals and despite the positive trend, we believe CNNC HUA YUAN TITANIUM DIOXIDE CO., LTD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.262 Sell Candidate Unchanged
Predicted Opening Price for CNNC HUA YUAN TITANIUM DIOXIDE CO., LTD of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| ¥4.12 ( 2.32%) | ¥4.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002145.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.62 | 14.72 % | |
| R2 | 4.43 | 9.98 % | ||
| R1 | 4.31 | 7.06 % | ||
| Current price: | 4.03 | |||
| Support | S1 | 3.93 | -2.42 % | |
| S2 | 3.81 | -5.35 % | ||
| S3 | 3.62 | -10.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.38 | 8.68 % | |
| R2 | 4.12 | 2.23 % | ||
| R1 | 4.11 | 1.99 % | ||
| Current price | 4.03 | |||
| Support | S1 | 3.97 | -1.49% | |
| S2 | 3.86 | -4.22% | ||
| S3 | 3.59 | -10.92% |
002145 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | ¥0.0500 | 0.82% |
| 2 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.0800 | 1.08% |
| 3 | May 27, 2021 | May 27, 2021 | May 27, 2021 | ¥0.0276 | 0.308% |
| 4 | May 21, 2020 | May 21, 2020 | May 21, 2020 | ¥0.0138 | 0.455% |
| 5 | May 13, 2019 | May 13, 2019 | May 13, 2019 | ¥0.0138 | 0.487% |
FAQ
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