Jilin Liyuan Precision Manufactrg Co Ltd Stock Forecast
Jilin Liyuan Precision Manufactrg Co Ltd stock upgraded to Buy Candidate.
(Updated on Apr 30, 2024)
The Jilin Liyuan Precision Manufactrg Co Ltd stock price gained 1.72% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥1.16 to ¥1.18. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.27% from a day low at ¥1.10 to a day high of ¥1.18. The price has risen in 7 of the last 10 days and is up by 15.69% over the past 2 weeks. Volume fell on the last day by -4 million shares and in total, 38 million shares were bought and sold for approximately ¥45.20 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Jilin Liyuan Precision Manufactrg Co Ltd stock with a 90% probability to be traded between ¥1.02 and ¥1.29 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.
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002501.SZ Signals & Forecast
The Jilin Liyuan Precision Manufactrg 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 ¥1.15 and ¥1.17. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, April 24, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Jilin Liyuan Precision Manufactrg Co Ltd stock
Jilin Liyuan Precision Manufactrg Co Ltd finds support from accumulated volume at ¥1.16 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 ¥0.0800 between high and low, or 7.27%. For the last week, the stock has had daily average volatility of 5.62%.
Our recommended stop-loss: ¥1.14 (-3.46%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (002501.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Jilin Liyuan Precision Manufactrg Co Ltd to open at ¥1.15, and during the day (based on 14 day Average True Range), to move between ¥1.12 and ¥1.24, which gives a possible trading interval of +/-¥0.0633 (+/-5.37%) up or down from last closing price. If Jilin Liyuan Precision Manufactrg Co Ltd takes out the full calculated possible swing range there will be an estimated 10.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥1.20 (1.69%) than the support at ¥1.16 (1.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Jilin Liyuan Precision Manufactrg Co Ltd stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Jilin Liyuan Precision Manufactrg Co Ltd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.021 Buy Candidate Upgraded
Predicted Opening Price for Jilin Liyuan Precision Manufactrg Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥1.15 ( 2.26%) | ¥1.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002501.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.23 | 4.52 % | |
| R2 | 1.20 | 1.93 % | ||
| R1 | 1.18 | 0.330 % | ||
| Current price: | 1.18 | |||
| Support | S1 | 1.12 | -4.85 % | |
| S2 | 1.10 | -6.45 % | ||
| S3 | 1.07 | -9.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.26 | 6.78 % | |
| R2 | 1.22 | 3.39 % | ||
| R1 | 1.20 | 1.69 % | ||
| Current price | 1.18 | |||
| Support | S1 | 1.16 | -1.69% | |
| S2 | 1.13 | -4.24% | ||
| S3 | 1.12 | -5.08% |
002501 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 16, 2017 | Aug 16, 2017 | Aug 16, 2017 | ¥0.0500 | 0.460% |
| 2 | Apr 09, 2015 | Apr 09, 2015 | Apr 09, 2015 | ¥0.0900 | 0.441% |
| 3 | May 20, 2014 | May 20, 2014 | May 20, 2014 | ¥0.0650 | 1.06% |
| 4 | Apr 15, 2013 | Apr 15, 2013 | Apr 15, 2013 | ¥0.0611 | 1.00% |
| 5 | Apr 19, 2012 | Apr 19, 2012 | Apr 19, 2012 | ¥0.0556 | 1.12% |
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