Dalian Insulator Group Co Ltd Stock Forecast
Dalian Insulator Group Co Ltd stock price up 3.26% on Friday
(Updated on Jun 14, 2024)
The Dalian Insulator Group Co Ltd stock price gained 3.26% on the last trading day (Friday, 14th Jun 2024), rising from ¥7.06 to ¥7.29. It has now gained 5 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 7.25% from a day low at ¥6.90 to a day high of ¥7.40. The price has risen in 6 of the last 10 days but is still down by -2.8% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately ¥67.13 million.
The stock lies in the middle of a 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 3.65% during the next 3 months and, with a 90% probability hold a price between ¥6.73 and ¥8.21 at the end of this 3-month period.
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002606.SZ Signals & Forecast
The Dalian Insulator Group 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 ¥7.04 and ¥7.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 5.81%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Dalian Insulator Group Co Ltd stock
Dalian Insulator Group Co Ltd finds support from accumulated volume at ¥7.23 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 ¥0.500 between high and low, or 7.25%. For the last week, the stock has had daily average volatility of 4.69%.
Our recommended stop-loss: ¥6.92 (-5.01%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (002606.SZ) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Dalian Insulator Group Co Ltd to open at ¥7.20, and during the day (based on 14 day Average True Range), to move between ¥6.92 and ¥7.66, which gives a possible trading interval of +/-¥0.373 (+/-5.11%) up or down from last closing price. If Dalian Insulator Group Co Ltd takes out the full calculated possible swing range there will be an estimated 10.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.23 (0.82%) than the resistance at ¥7.38 (1.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dalian Insulator Group Co Ltd stock A Buy?
Dalian Insulator Group 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: -0.593 Hold/Accumulate Unchanged
Predicted Opening Price for Dalian Insulator Group Co Ltd of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ¥7.20 ( 1.28%) | ¥7.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002606.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.70 | 5.58% |
| R2 | 7.51 | 2.96% |
| R1 | 7.39 | 1.34% |
| Price | 7.29 | |
| S1 | 7.01 | -3.90% |
| S2 | 6.89 | -5.52% |
| S3 | 6.70 | -8.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.86 | 7.82% |
| R2 | 7.77 | 6.58% |
| R1 | 7.38 | 1.23% |
| Price | 7.29 | |
| S1 | 7.23 | -0.82% |
| S2 | 7.14 | -2.06% |
| S3 | 6.89 | -5.49% |
002606 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | ¥0.0420 | 0.460% |
| 2 | Jun 13, 2022 | Jun 13, 2022 | Jun 13, 2022 | ¥0.0360 | 0.411% |
| 3 | Jun 08, 2021 | Jun 08, 2021 | Jun 08, 2021 | ¥0.0250 | 0.341% |
| 4 | Jul 15, 2020 | Jul 15, 2020 | Jul 15, 2020 | ¥0.0120 | 0.136% |
| 5 | Jun 19, 2018 | Jun 19, 2018 | Jun 19, 2018 | ¥0.0150 | 0.325% |
FAQ
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