Baiyang Investment Group Inc Stock Forecast
Baiyang Investment Group Inc stock price down 0.241% on Friday
(Updated on Jun 14, 2024)
The Baiyang Investment Group Inc stock price fell by -0.241% on the last day (Friday, 14th Jun 2024) from ¥4.15 to ¥4.14. During the last trading day the stock fluctuated 4.76% from a day low at ¥3.99 to a day high of ¥4.18. The price has fallen in 7 of the last 10 days and is down by -11.54% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -484 thousand shares and in total, 4 million shares were bought and sold for approximately ¥16.22 million.
The stock lies in the middle of a very 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 -13.53% during the next 3 months and, with a 90% probability hold a price between ¥3.14 and ¥4.24 at the end of this 3-month period.
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002696.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 5.34%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Baiyang Investment Group Inc 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 ¥4.15 and ¥4.67. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Baiyang Investment Group Inc stock
Baiyang Investment Group Inc finds support from accumulated volume at ¥4.13 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 ¥0.190 between high and low, or 4.76%. For the last week, the stock has had daily average volatility of 8.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002696.SZ) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Baiyang Investment Group Inc to open at ¥4.10, and during the day (based on 14 day Average True Range), to move between ¥3.83 and ¥4.45, which gives a possible trading interval of +/-¥0.310 (+/-7.49%) up or down from last closing price. If Baiyang Investment Group Inc takes out the full calculated possible swing range there will be an estimated 14.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.13 (0.24%) than the resistance at ¥4.97 (20.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Baiyang Investment Group Inc stock A Buy?
Baiyang Investment Group Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.377 Sell Candidate Unchanged
Predicted Opening Price for Baiyang Investment Group Inc of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
¥4.10 ( 0.89%) | ¥4.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002696.SZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.29 | 3.70% |
R2 | 4.22 | 1.95% |
R1 | 4.18 | 0.87% |
Price | 4.14 | |
S1 | 4.03 | -2.64% |
S2 | 3.99 | -3.72% |
S3 | 3.91 | -5.48% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5.07 | 22.46% |
R2 | 5.06 | 22.22% |
R1 | 4.97 | 20.05% |
Price | 4.14 | |
S1 | 4.13 | -0.242% |
S2 | 4.12 | -0.483% |
S3 | 3.93 | -5.07% |
002696 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 09, 2019 | Jul 09, 2019 | Jul 09, 2019 | ¥0.0500 | 0.730% |
2 | Jun 12, 2018 | Jun 12, 2018 | Jun 12, 2018 | ¥0.206 | 1.62% |
3 | Jun 08, 2017 | Jun 08, 2017 | Jun 08, 2017 | ¥0.0588 | 0.540% |
4 | Jun 22, 2016 | Jun 22, 2016 | Jun 22, 2016 | ¥0.0588 | 0.591% |
5 | Jun 08, 2015 | Jun 08, 2015 | Jun 08, 2015 | ¥0.0882 | 0.632% |
FAQ
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