China TransInfo Technology Co Ltd Stock Forecast
China TransInfo Technology Co Ltd stock price up 2.24% on Monday
(Updated on May 06, 2024)
The China TransInfo Technology Co Ltd stock price gained 2.24% on the last trading day (Monday, 6th May 2024), rising from ¥9.81 to ¥10.03. During the last trading day the stock fluctuated 4.20% from a day low at ¥10.00 to a day high of ¥10.42. The price has been going up and down for this period, and there has been a 2.45% 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, 9 million more shares were traded than the day before. In total, 30 million shares were bought and sold for approximately ¥303.35 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect China TransInfo Technology Co Ltd stock with a 90% probability to be traded between ¥8.95 and ¥10.87 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002373.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 10.71%. Further rise is indicated until a new top pivot has been found. 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. The China TransInfo Technology Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥10.17. On a fall, the stock will find some support from the short-term average at ¥9.73. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for China TransInfo Technology Co Ltd stock
China TransInfo Technology Co Ltd finds support from accumulated volume at ¥9.98 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 ¥0.420 between high and low, or 4.20%. For the last week, the stock has had daily average volatility of 9.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002373.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect China TransInfo Technology Co Ltd to open at ¥10.15, and during the day (based on 14 day Average True Range), to move between ¥9.43 and ¥10.63, which gives a possible trading interval of +/-¥0.600 (+/-5.98%) up or down from last closing price. If China TransInfo Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 11.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥9.98 (0.50%) than the resistance at ¥10.19 (1.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
China TransInfo Technology Co Ltd will release earnings BMO on Tuesday, May 14, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0500. We will update the financials statements for China TransInfo Technology Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.91% in the first trading day after earnings release.
Is China TransInfo Technology Co Ltd stock A Buy?
China TransInfo Technology Co Ltd 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.
Current score: -3.997 Sell Candidate Unchanged
Predicted Opening Price for China TransInfo Technology Co Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥10.15 ( 1.20%) | ¥10.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002373.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.57 | 5.38 % | |
| R2 | 10.41 | 3.78 % | ||
| R1 | 10.31 | 2.80 % | ||
| Current price: | 10.03 | |||
| Support | S1 | 9.99 | -0.403 % | |
| S2 | 9.89 | -1.39 % | ||
| S3 | 9.73 | -2.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.65 | 6.18 % | |
| R2 | 10.64 | 6.08 % | ||
| R1 | 10.19 | 1.60 % | ||
| Current price | 10.03 | |||
| Support | S1 | 9.98 | -0.499% | |
| S2 | 9.90 | -1.30% | ||
| S3 | 9.06 | -9.67% |
002373 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | ¥0.0701 | 0.401% |
| 2 | Jul 07, 2020 | Jul 07, 2020 | Jul 07, 2020 | ¥0.0700 | 0.270% |
| 3 | May 22, 2019 | May 22, 2019 | May 22, 2019 | ¥0.0550 | 0.325% |
| 4 | Jun 07, 2018 | Jun 07, 2018 | Jun 07, 2018 | ¥0.0400 | 0.285% |
| 5 | Jul 11, 2017 | Jul 11, 2017 | Jul 11, 2017 | ¥0.0500 | 0.387% |
FAQ
Click here for our free guide on how to buy China TransInfo Technology Co Ltd Stock.
