RSI low/high Values: [ 25 - 75 ]
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AI Analysis of 002182.SZ
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Nanjing Yunhai Special Metals Co., Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Mar 29, 2024)

Sell candidate since Mar 29, 2024 PDF

The Nanjing Yunhai Special Metals Co., Ltd. stock price gained 0.292% on the last trading day (Friday, 29th Mar 2024), rising from ¥17.15 to ¥17.20. During the last trading day the stock fluctuated 3.53% from a day low at ¥17.02 to a day high of ¥17.62. The price has fallen in 6 of the last 10 days and is down by -3.43% for this period. Volume fell on the last day by -8 million shares and in total, 11 million shares were bought and sold for approximately ¥187.27 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 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 ¥17.78 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 -3.93% during the next 3 months and, with a 90% probability hold a price between ¥12.12 and ¥17.08 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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002182.SZ Signals & Forecast

The Nanjing Yunhai Special Metals Co., 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 ¥17.21. On a fall, the stock will find some support from the long-term average at approximately ¥16.65. 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. 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. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -3.86%. 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).

Support, Risk & Stop-loss for Nanjing Yunhai Special Metals Co., Ltd. stock

Nanjing Yunhai Special Metals Co., Ltd. finds support from accumulated volume at ¥17.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.600 (3.53%) between high and low. For the last week, the stock has had daily average volatility of 5.26%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (002182.SZ) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Nanjing Yunhai Special Metals Co., Ltd. to open at ¥17.28, and during the day (based on 14 day Average True Range), to move between ¥16.48 and ¥17.92, which gives a possible trading interval of +/-¥0.716 (+/-4.16%) up or down from last closing price. If Nanjing Yunhai Special Metals Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥17.15 (0.29%) than the resistance at ¥17.39 (1.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nanjing Yunhai Special Metals Co., Ltd. stock A Buy?

Nanjing Yunhai Special Metals Co., Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -1.679 Sell Candidate Downgraded

Predicted Opening Price for Nanjing Yunhai Special Metals Co., Ltd. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
¥17.28 ( 0.465%) ¥17.20

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

Trading levels for 002182.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.88 3.95 %
R2 17.65 2.62 %
R1 17.51 1.80 %
Current price: 17.20
Support S1 17.05 -0.87 %
S2 16.91 -1.69 %
S3 16.68 -3.02 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 17.64 2.56 %
R2 17.51 1.80 %
R1 17.39 1.10 %
Current price 17.20
Support S1 17.15 -0.291%
S2 15.88 -7.67%
S3 15.45 -10.17%

002182 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 09, 2023 Jun 09, 2023 Jun 09, 2023 ¥0.100 0.490%
2 May 05, 2022 May 05, 2022 May 05, 2022 ¥0.100 0.572%
3 Jun 09, 2021 Jun 09, 2021 Jun 09, 2021 ¥0.100 0.87%
4 Apr 20, 2020 Apr 20, 2020 Apr 20, 2020 ¥0.150 1.54%
5 May 28, 2019 May 28, 2019 May 28, 2019 ¥0.100 1.35%

FAQ

What is the symbol for Nanjing Yunhai Special Metals Co., Ltd. Stock and on which exchange is it traded?
The symbol for Nanjing Yunhai Special Metals Co., Ltd. is 002182.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Nanjing Yunhai Special Metals Co., Ltd. Stock?
Nanjing Yunhai Special Metals Co., Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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.

How to buy Nanjing Yunhai Special Metals Co., Ltd. Stock?
Nanjing Yunhai Special Metals Co., 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 Nanjing Yunhai Special Metals Co., Ltd. Stock.

What's the current price of Nanjing Yunhai Special Metals Co., Ltd. Stock?
As of the end of day on the 2024-03-29, the price of an Nanjing Yunhai Special Metals Co., Ltd. (002182.SZ) share was ¥17.20.

What is the 52-week high and low for Nanjing Yunhai Special Metals Co., Ltd. Stock?
The 52-week high for Nanjing Yunhai Special Metals Co., Ltd. Stock is ¥26.73 and the 52-week low is ¥12.80.

What is the market capitalization of Nanjing Yunhai Special Metals Co., Ltd. Stock?
As of the 2024-03-29, the market capitalization of Nanjing Yunhai Special Metals Co., Ltd. is 12.149B.
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About Nanjing Yunhai Special Metals Co., Ltd.

Nanjing Yunhai Special Metals Co. Ltd. Nanjing Yunhai Special Metals Co., Ltd. engages in mining and non-ferrous metal smelting and processing in China and internationally. It offers magnesium, aluminum, strontium, and other raw materials that are used in transportation, consumer electronics, and other fields. The company's products include magnesium alloy ingots and extrusion sheets, and aluminum alloy ingots. It also provides strontium metal and master alloy products; and die castin... 002182.SZ Profile

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