Hubei Yichang Transportation Group CoLtd Stock Forecast
Hubei Yichang Transportation Group CoLtd stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Hubei Yichang Transportation Group CoLtd stock price gained 1.07% on the last trading day (Tuesday, 25th Jun 2024), rising from ¥4.68 to ¥4.73. During the last trading day the stock fluctuated 1.93% from a day low at ¥4.67 to a day high of ¥4.76. The price has risen in 6 of the last 10 days but is still down by -1.66% for this period. Volume fell on the last day by -688 thousand shares and in total, 2 million shares were bought and sold for approximately ¥11.77 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 middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.07% during the next 3 months and, with a 90% probability hold a price between ¥4.02 and ¥4.65 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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002627.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 1.72%. Further rise is indicated until a new top pivot has been found. 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. The Hubei Yichang Transportation Group CoLtd 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 ¥4.75 and ¥4.87. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hubei Yichang Transportation Group CoLtd stock
Hubei Yichang Transportation Group CoLtd finds support from accumulated volume at ¥4.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.0900 between high and low, or 1.93%. For the last week the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: ¥4.51 (-4.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 43 days ago.)
Trading Expectations (002627.SZ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Hubei Yichang Transportation Group CoLtd to open at ¥4.72, and during the day (based on 14 day Average True Range), to move between ¥4.60 and ¥4.86, which gives a possible trading interval of +/-¥0.129 (+/-2.72%) up or down from last closing price. If Hubei Yichang Transportation Group CoLtd takes out the full calculated possible swing range there will be an estimated 5.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.68 (1.06%) than the resistance at ¥5.09 (7.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hubei Yichang Transportation Group CoLtd stock A Buy?
Hubei Yichang Transportation Group CoLtd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.311 Hold/Accumulate Upgraded
Predicted Opening Price for Hubei Yichang Transportation Group CoLtd of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ¥4.72 ( 0.211%) | ¥4.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002627.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.81 | 1.69% |
| R2 | 4.78 | 0.96% |
| R1 | 4.75 | 0.515% |
| Price | 4.73 | |
| S1 | 4.69 | -0.94% |
| S2 | 4.66 | -1.39% |
| S3 | 4.63 | -2.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.72 | 20.93% |
| R2 | 5.38 | 13.74% |
| R1 | 5.09 | 7.61% |
| Price | 4.73 | |
| S1 | 4.68 | -1.06% |
| S2 | 4.65 | -1.69% |
| S3 | 0 | - |
002627 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 14, 2024 | ¥0.100 | 2.11% |
| 2 | Jul 11, 2022 | Jul 11, 2022 | Jul 11, 2022 | ¥0.100 | 1.83% |
| 3 | Jun 03, 2021 | Jun 03, 2021 | Jun 03, 2021 | ¥0.0500 | 0.93% |
| 4 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | ¥0.100 | 1.81% |
| 5 | Jun 06, 2019 | Jun 06, 2019 | Jun 06, 2019 | ¥0.0882 | 2.16% |
FAQ
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