Anhui Huilong Agrcl Mns of Prdn Co Ltd Stock Forecast
Anhui Huilong Agrcl Mns of Prdn Co Ltd stock price up 0.371% on Monday
(Updated on May 20, 2024)
The Anhui Huilong Agrcl Mns of Prdn Co Ltd stock price gained 0.371% on the last trading day (Monday, 20th May 2024), rising from ¥5.39 to ¥5.41. 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 2.82% from a day low at ¥5.32 to a day high of ¥5.47. The price has risen in 6 of the last 10 days but is still down by -0.37% for this period. Volume fell on the last day by -345 thousand shares and in total, 6 million shares were bought and sold for approximately ¥34.69 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 lies in the upper part of a wide and weak rising 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 ¥5.53 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.55% during the next 3 months and, with a 90% probability hold a price between ¥5.20 and ¥5.90 at the end of this 3-month period.
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002556.SZ Signals & Forecast
The Anhui Huilong Agrcl Mns of Prdn Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥5.33 and ¥5.17. 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 Tuesday, May 07, 2024, and so far it has fallen -1.28%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Anhui Huilong Agrcl Mns of Prdn Co Ltd stock
Anhui Huilong Agrcl Mns of Prdn Co Ltd finds support from accumulated volume at ¥5.24 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 ¥0.150 between high and low, or 2.82%. For the last week, the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: ¥5.24 (-3.21%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (002556.SZ) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Anhui Huilong Agrcl Mns of Prdn Co Ltd to open at ¥5.40, and during the day (based on 14 day Average True Range), to move between ¥5.21 and ¥5.61, which gives a possible trading interval of +/-¥0.205 (+/-3.78%) up or down from last closing price. If Anhui Huilong Agrcl Mns of Prdn Co Ltd takes out the full calculated possible swing range there will be an estimated 7.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥5.42 (0.18%) than the support at ¥5.24 (3.14%), 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 Anhui Huilong Agrcl Mns of Prdn Co Ltd stock A Buy?
Anhui Huilong Agrcl Mns of Prdn Co Ltd holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.549 Strong Buy Candidate Unchanged
Predicted Opening Price for Anhui Huilong Agrcl Mns of Prdn Co Ltd of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ¥5.40 ( 0.185%) | ¥5.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002556.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.55 | 2.59 % | |
| R2 | 5.49 | 1.53 % | ||
| R1 | 5.46 | 0.87 % | ||
| Current price: | 5.41 | |||
| Support | S1 | 5.34 | -1.24 % | |
| S2 | 5.31 | -1.90 % | ||
| S3 | 5.25 | -2.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.48 | 1.29 % | |
| R2 | 5.43 | 0.370 % | ||
| R1 | 5.42 | 0.185 % | ||
| Current price | 5.41 | |||
| Support | S1 | 5.24 | -3.14% | |
| S2 | 5.08 | -6.10% | ||
| S3 | 4.84 | -10.54% |
002556 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | ¥0.300 | 3.93% |
| 2 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.200 | 1.84% |
| 3 | Dec 09, 2021 | Dec 09, 2021 | Dec 09, 2021 | ¥0.200 | 1.75% |
| 4 | Jul 20, 2021 | Jul 20, 2021 | Jul 20, 2021 | ¥0.100 | 0.91% |
| 5 | Jun 12, 2020 | Jun 12, 2020 | Jun 12, 2020 | ¥0.100 | 1.24% |
FAQ
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