Nanjing Yunhai Special Metals Co., Ltd. Stock Forecast
Nanjing Yunhai Special Metals Co., Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Mar 29, 2024)
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
# | 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
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