Yunnan Lincang Xnyn Grm Industrl Co Ltd Stock Forecast
Is Yunnan Lincang Xnyn Grm Industrl Co Ltd stock still a buy after falling -5.93% on Tuesday?
(Updated on Apr 30, 2024)
The Yunnan Lincang Xnyn Grm Industrl Co Ltd stock price fell by -5.93% on the last day (Tuesday, 30th Apr 2024) from ¥10.80 to ¥10.16. During the last trading day the stock fluctuated 6.77% from a day low at ¥10.04 to a day high of ¥10.72. The price has been going up and down for this period, and there has been a 2.11% gain for the last 2 weeks. Volume has increased on the last day by 8 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 33 million shares were bought and sold for approximately ¥333.16 million.
The stock lies in the middle of a very wide and strong 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 14.53% during the next 3 months and, with a 90% probability hold a price between ¥10.72 and ¥14.55 at the end of this 3-month period.
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002428.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Yunnan Lincang Xnyn Grm Industrl 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 ¥10.16 and ¥11.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -17.33%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Yunnan Lincang Xnyn Grm Industrl Co Ltd stock
Yunnan Lincang Xnyn Grm Industrl Co Ltd finds support from accumulated volume at ¥9.95 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 ¥0.680 between high and low, or 6.77%. For the last week, the stock has had daily average volatility of 6.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002428.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Yunnan Lincang Xnyn Grm Industrl Co Ltd to open at ¥10.31, and during the day (based on 14 day Average True Range), to move between ¥9.29 and ¥11.03, which gives a possible trading interval of +/-¥0.87 (+/-8.58%) up or down from last closing price. If Yunnan Lincang Xnyn Grm Industrl Co Ltd takes out the full calculated possible swing range there will be an estimated 17.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥9.95 (2.07%) than the resistance at ¥10.56 (3.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yunnan Lincang Xnyn Grm Industrl Co Ltd stock A Buy?
The Yunnan Lincang Xnyn Grm Industrl Co Ltd stock holds several negative signals and despite the positive trend, we believe Yunnan Lincang Xnyn Grm Industrl Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.681 Sell Candidate Unchanged
Predicted Opening Price for Yunnan Lincang Xnyn Grm Industrl Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥10.31 ( 1.44%) | ¥10.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002428.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.99 | 8.14 % | |
| R2 | 10.73 | 5.58 % | ||
| R1 | 10.57 | 4.00 % | ||
| Current price: | 10.16 | |||
| Support | S1 | 10.05 | -1.11 % | |
| S2 | 9.89 | -2.69 % | ||
| S3 | 9.63 | -5.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.03 | 18.41 % | |
| R2 | 11.91 | 17.22 % | ||
| R1 | 10.56 | 3.94 % | ||
| Current price | 10.16 | |||
| Support | S1 | 9.95 | -2.07% | |
| S2 | 8.40 | -17.32% | ||
| S3 | 7.83 | -22.93% |
002428 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2016 | May 13, 2016 | May 13, 2016 | ¥0.0300 | 0.219% |
| 2 | Jun 02, 2015 | Jun 02, 2015 | Jun 02, 2015 | ¥0.0300 | 0.123% |
| 3 | Apr 30, 2014 | Apr 30, 2014 | Apr 30, 2014 | ¥0.0600 | 0.557% |
| 4 | May 13, 2013 | May 13, 2013 | May 13, 2013 | ¥0.0500 | 0.340% |
| 5 | Apr 24, 2012 | Apr 24, 2012 | Apr 24, 2012 | ¥0.0250 | 0.238% |
FAQ
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