Xinjiang Guotong Pipeline Co., Ltd Stock Forecast
Xinjiang Guotong Pipeline Co., Ltd stock price up 2.13% on Thursday
(Updated on May 16, 2024)
The Xinjiang Guotong Pipeline Co., Ltd stock price gained 2.13% on the last trading day (Thursday, 16th May 2024), rising from ¥7.51 to ¥7.67. During the last trading day the stock fluctuated 3.07% from a day low at ¥7.50 to a day high of ¥7.73. The price has been going up and down for this period, and there has been a 3.65% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 711 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately ¥26.83 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.83% during the next 3 months and, with a 90% probability hold a price between ¥5.48 and ¥7.44 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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002205.SZ Signals & Forecast
The Xinjiang Guotong Pipeline Co., Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥7.50 and ¥7.53. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Xinjiang Guotong Pipeline Co., Ltd stock
Xinjiang Guotong Pipeline Co., Ltd finds support from accumulated volume at ¥7.35 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 ¥0.230 between high and low, or 3.07%. For the last week, the stock has had daily average volatility of 3.42%.
Our recommended stop-loss: ¥7.40 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (002205.SZ) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Xinjiang Guotong Pipeline Co., Ltd to open at ¥7.63, and during the day (based on 14 day Average True Range), to move between ¥7.23 and ¥8.11, which gives a possible trading interval of +/-¥0.443 (+/-5.77%) up or down from last closing price. If Xinjiang Guotong Pipeline Co., Ltd takes out the full calculated possible swing range there will be an estimated 11.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥7.70 (0.39%) than the support at ¥7.35 (4.17%), 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.
Earnings coming up
Xinjiang Guotong Pipeline Co., Ltd will release earnings BMO on Monday, May 20, 2024. We will update the financials statements for Xinjiang Guotong Pipeline Co., Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.64% in the first trading day after earnings release.
Is Xinjiang Guotong Pipeline Co., Ltd stock A Buy?
Xinjiang Guotong Pipeline Co., Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.477 Hold/Accumulate Unchanged
Predicted Opening Price for Xinjiang Guotong Pipeline Co., Ltd of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ¥7.63 ( 0.478%) | ¥7.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002205.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.86 | 2.52 % | |
| R2 | 7.78 | 1.38 % | ||
| R1 | 7.72 | 0.667 % | ||
| Current price: | 7.67 | |||
| Support | S1 | 7.55 | -1.62 % | |
| S2 | 7.49 | -2.33 % | ||
| S3 | 7.40 | -3.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.90 | 3.00 % | |
| R2 | 7.71 | 0.522 % | ||
| R1 | 7.70 | 0.391 % | ||
| Current price | 7.67 | |||
| Support | S1 | 7.35 | -4.17% | |
| S2 | 6.94 | -9.52% | ||
| S3 | 6.27 | -18.25% |
002205 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2022 | Jul 12, 2022 | Jul 12, 2022 | ¥0.0100 | 0.0794% |
| 2 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | ¥0.0100 | 0.141% |
| 3 | Jun 10, 2020 | Jun 10, 2020 | Jun 10, 2020 | ¥0.0125 | 0.136% |
| 4 | Jul 06, 2018 | Jul 06, 2018 | Jul 06, 2018 | ¥0.0263 | 0.361% |
| 5 | Jun 12, 2015 | Jun 12, 2015 | Jun 12, 2015 | ¥0.113 | 0.489% |
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