Xi'an Global Printing Co., Ltd. Stock Forecast
Red day on Thursday for Xi'an Global Printing Co., Ltd. stock after losing 2.11%
(Updated on Jun 27, 2024)
The Xi'an Global Printing Co., Ltd. stock price fell by -2.11% on the last day (Thursday, 27th Jun 2024) from ¥6.17 to ¥6.04. During the last trading day the stock fluctuated 4.65% from a day low at ¥6.02 to a day high of ¥6.30. The price has fallen in 5 of the last 10 days and is down by -4.73% for this period. Volume has increased on the last day by 110 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 million shares were bought and sold for approximately ¥44.05 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 -17.95% during the next 3 months and, with a 90% probability hold a price between ¥3.99 and ¥5.47 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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002799.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 2.37%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Xi'an Global Printing Co., Ltd. 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 ¥6.18 and ¥6.68. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Xi'an Global Printing Co., Ltd. stock
Xi'an Global Printing Co., Ltd. finds support from accumulated volume at ¥5.90 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 ¥0.280 between high and low, or 4.65%. For the last week, the stock has had daily average volatility of 6.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002799.SZ) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Xi'an Global Printing Co., Ltd. to open at ¥6.12, and during the day (based on 14 day Average True Range), to move between ¥5.64 and ¥6.44, which gives a possible trading interval of +/-¥0.402 (+/-6.65%) up or down from last closing price. If Xi'an Global Printing Co., Ltd. takes out the full calculated possible swing range there will be an estimated 13.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥6.05 (0.17%) than the support at ¥5.90 (2.32%), 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 Xi'an Global Printing Co., Ltd. stock A Buy?
Xi'an Global Printing Co., Ltd. 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: -2.915 Sell Candidate Unchanged
Predicted Opening Price for Xi'an Global Printing Co., Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ¥6.12 ( 1.32%) | ¥6.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002799.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.40 | 5.96% |
| R2 | 6.29 | 4.19% |
| R1 | 6.23 | 3.10% |
| Price | 6.04 | |
| S1 | 6.01 | -0.446% |
| S2 | 5.95 | -1.54% |
| S3 | 5.84 | -3.31% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.35 | 5.13% |
| R2 | 6.06 | 0.331% |
| R1 | 6.05 | 0.166% |
| Price | 6.04 | |
| S1 | 5.90 | -2.32% |
| S2 | 0 | - |
| S3 | 0 | - |
002799 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 08, 2023 | Aug 08, 2023 | Aug 08, 2023 | ¥0.0200 | 0.193% |
| 2 | May 27, 2021 | May 27, 2021 | May 27, 2021 | ¥0.0571 | 0.397% |
| 3 | Jul 14, 2020 | Jul 14, 2020 | Jul 14, 2020 | ¥0.0714 | 0.534% |
| 4 | Jul 11, 2019 | Jul 11, 2019 | Jul 11, 2019 | ¥0.0208 | 0.257% |
| 5 | Jun 27, 2017 | Jun 27, 2017 | Jun 27, 2017 | ¥0.0794 | 0.675% |
FAQ
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