Beijing Orient Landscape & Environment Stock Forecast
Big movements in Beijing Orient Landscape & Environment stock price on Tuesday moving 10.49% between high and low
(Updated on Jun 25, 2024)
The Beijing Orient Landscape & Environment stock price fell by -5.30% on the last day (Tuesday, 25th Jun 2024) from ¥1.51 to ¥1.43. During the last trading day the stock fluctuated 10.49% from a day low at ¥1.43 to a day high of ¥1.58. The price has been going up and down for this period, and there has been a 2.88% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -788 thousand shares and in total, 75 million shares were bought and sold for approximately ¥107.58 million.
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 ¥1.59 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 -4.69% during the next 3 months and, with a 90% probability hold a price between ¥0.728 and ¥1.51 at the end of this 3-month period.
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002310.SZ Signals & Forecast
The Beijing Orient Landscape & Environment 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 ¥1.52. On a fall, the stock will find some support from the long-term average at approximately ¥1.29. 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. 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 Friday, June 21, 2024, and so far it has fallen -10.06%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Beijing Orient Landscape & Environment stock
Beijing Orient Landscape & Environment finds support from accumulated volume at ¥1.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.150 between high and low, or 10.49%. For the last week, the stock has had daily average volatility of 11.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002310.SZ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Beijing Orient Landscape & Environment Co., Ltd. to open at ¥1.48, and during the day (based on 14 day Average True Range), to move between ¥1.28 and ¥1.58, which gives a possible trading interval of +/-¥0.151 (+/-10.53%) up or down from last closing price. If Beijing Orient Landscape & Environment Co., Ltd. takes out the full calculated possible swing range there will be an estimated 21.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥1.41 (1.40%) than the resistance at ¥1.46 (2.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beijing Orient Landscape & Environment Co., Ltd. stock A Buy?
Beijing Orient Landscape & Environment holds several negative signals and we believe that 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: -1.487 Sell Candidate Downgraded
Predicted Opening Price for Beijing Orient Landscape & Environment Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ¥1.48 ( 3.50%) | ¥1.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002310.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.63 | 13.99% |
| R2 | 1.57 | 9.98% |
| R1 | 1.54 | 7.50% |
| Price | 1.43 | |
| S1 | 1.42 | -0.510% |
| S2 | 1.39 | -2.99% |
| S3 | 1.33 | -6.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.70 | 18.88% |
| R2 | 1.59 | 11.19% |
| R1 | 1.46 | 2.10% |
| Price | 1.43 | |
| S1 | 1.41 | -1.40% |
| S2 | 1.39 | -2.80% |
| S3 | 1.37 | -4.20% |
002310 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 19, 2019 | Aug 19, 2019 | Aug 19, 2019 | ¥0.0940 | 1.75% |
| 2 | Jul 13, 2018 | Jul 13, 2018 | Jul 13, 2018 | ¥0.0650 | 0.441% |
| 3 | Jul 18, 2017 | Jul 18, 2017 | Jul 18, 2017 | ¥0.0300 | 0.177% |
| 4 | Jul 18, 2016 | Jul 18, 2016 | Jul 18, 2016 | ¥0.0240 | 0.0953% |
| 5 | Jun 25, 2015 | Jun 25, 2015 | Jun 25, 2015 | ¥0.0260 | 0.174% |
FAQ
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