Xingmin Intelgnt Transptn Sys Grp Co Ltd Stock Forecast
Green day on Wednesday for Xingmin Intelgnt Transptn Sys Grp Co Ltd stock after gaining 2.48%
(Updated on May 08, 2024)
The Xingmin Intelgnt Transptn Sys Grp Co Ltd stock price gained 2.48% on the last trading day (Wednesday, 8th May 2024), rising from ¥4.44 to ¥4.55. During the last trading day the stock fluctuated 8.84% from a day low at ¥4.41 to a day high of ¥4.80. The price has risen in 6 of the last 10 days and is up by 15.19% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 million more shares were traded than the day before. In total, 49 million shares were bought and sold for approximately ¥224.76 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.20% during the next 3 months and, with a 90% probability hold a price between ¥3.77 and ¥5.70 at the end of this 3-month period.
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002355.SZ Signals & Forecast
The Xingmin Intelgnt Transptn Sys Grp 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 ¥4.31 and ¥4.39. 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 Wednesday, March 20, 2024, and so far it has fallen -11.13%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Xingmin Intelgnt Transptn Sys Grp Co Ltd stock
Xingmin Intelgnt Transptn Sys Grp Co Ltd finds support from accumulated volume at ¥4.46 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 ¥0.390 between high and low, or 8.84%. For the last week, the stock has had daily average volatility of 8.08%.
Our recommended stop-loss: ¥4.29 (-5.70%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (002355.SZ) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Xingmin Intelgnt Transptn Sys Grp Co Ltd to open at ¥4.59, and during the day (based on 14 day Average True Range), to move between ¥4.17 and ¥4.93, which gives a possible trading interval of +/-¥0.382 (+/-8.40%) up or down from last closing price. If Xingmin Intelgnt Transptn Sys Grp Co Ltd takes out the full calculated possible swing range there will be an estimated 16.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.46 (1.98%) than the resistance at ¥4.90 (7.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xingmin Intelgnt Transptn Sys Grp Co Ltd stock A Buy?
Xingmin Intelgnt Transptn Sys Grp 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: -0.026 Hold/Accumulate Unchanged
Predicted Opening Price for Xingmin Intelgnt Transptn Sys Grp Co Ltd of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ¥4.59 ( 0.81%) | ¥4.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002355.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.98 | 9.38 % | |
| R2 | 4.83 | 6.10 % | ||
| R1 | 4.74 | 4.08 % | ||
| Current price: | 4.55 | |||
| Support | S1 | 4.44 | -2.47 % | |
| S2 | 4.35 | -4.49 % | ||
| S3 | 4.20 | -7.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.12 | 12.53 % | |
| R2 | 4.93 | 8.35 % | ||
| R1 | 4.90 | 7.69 % | ||
| Current price | 4.55 | |||
| Support | S1 | 4.46 | -1.98% | |
| S2 | 4.45 | -2.20% | ||
| S3 | 4.44 | -2.42% |
002355 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 03, 2020 | Sep 03, 2020 | Sep 03, 2020 | ¥0.0020 | 0.0330% |
| 2 | Jul 09, 2018 | Jul 09, 2018 | Jul 09, 2018 | ¥0.0100 | 0.130% |
| 3 | May 26, 2017 | May 26, 2017 | May 26, 2017 | ¥0.0100 | 0.110% |
| 4 | Jul 05, 2016 | Jul 05, 2016 | Jul 05, 2016 | ¥0.0100 | 0.0518% |
| 5 | Jun 19, 2015 | Jun 19, 2015 | Jun 19, 2015 | ¥0.0100 | 0.0733% |
FAQ
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