0% commission for ETF tradesShaanXi Provincial Natural Gas Co., Ltd. Stock Forecast
AI Analysis of 002267.SZ
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ShaanXi Provincial Natural Gas Co., Ltd. stock price ended at ¥6.42 on Friday, after losing 0%.
(Updated on Sep 13, 2024)
No changes to the price of ShaanXi Provincial Natural Gas Co., Ltd. stock on the last trading day (Friday, 13th Sep 2024). During the last trading day the stock fluctuated 2.66% from a day low at ¥6.39 to a day high of ¥6.56. The price has fallen in 5 of the last 10 days and is down by -4.46% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥6.31 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.90% during the next 3 months and, with a 90% probability hold a price between ¥5.18 and ¥5.91 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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002267.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, September 11, 2024, and so far it has risen 0.94%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ShaanXi Provincial Natural Gas 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 ¥6.45 and ¥6.89. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for ShaanXi Provincial Natural Gas Co., Ltd. stock
ShaanXi Provincial Natural Gas Co., Ltd. finds support from accumulated volume at ¥6.36 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 ¥0.170 between high and low, or 2.66%. For the last week, the stock has had daily average volatility of 3.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002267.SZ) For The Upcoming Trading Day Of Wednesday 18th
For the upcoming trading day on Wednesday, 18th we expect ShaanXi Provincial Natural Gas Co., Ltd. to open at ¥6.46, and during the day (based on 14 day Average True Range), to move between ¥6.22 and ¥6.62, which gives a possible trading interval of +/-¥0.196 (+/-3.05%) up or down from last closing price. If ShaanXi Provincial Natural Gas Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.36 (0.93%) than the resistance at ¥7.20 (12.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ShaanXi Provincial Natural Gas Co., Ltd. stock A Buy?
ShaanXi Provincial Natural Gas Co., Ltd. holds several negative signals and is within a 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.
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Current score: -1.571 Sell Candidate Unchanged
Predicted Opening Price for ShaanXi Provincial Natural Gas Co., Ltd. of Wednesday, September 18, 2024
| Fair opening price September 18, 2024 | Current price |
|---|---|
| ¥6.46 ( 0.571%) | ¥6.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002267.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.63 | 3.22% |
| R2 | 6.56 | 2.21% |
| R1 | 6.52 | 1.58% |
| Price | 6.42 | |
| S1 | 6.39 | -0.440% |
| S2 | 6.35 | -1.07% |
| S3 | 6.29 | -2.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.64 | 19.00% |
| R2 | 7.23 | 12.62% |
| R1 | 7.20 | 12.15% |
| Price | 6.42 | |
| S1 | 6.36 | -0.93% |
| S2 | 0 | - |
| S3 | 0 | - |
002267 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 17, 2024 | Jul 17, 2024 | Jul 17, 2024 | ¥0.300 | 3.93% |
| 2 | Jul 14, 2023 | Jul 14, 2023 | Jul 14, 2023 | ¥0.300 | 3.84% |
| 3 | Nov 14, 2022 | Nov 14, 2022 | Nov 14, 2022 | ¥0.300 | 4.11% |
| 4 | Jun 21, 2022 | Jun 21, 2022 | Jun 21, 2022 | ¥0.300 | 4.30% |
| 5 | Jul 30, 2021 | Jul 30, 2021 | Jul 30, 2021 | ¥0.200 | 3.02% |
FAQ
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