Yuexiu Transport Infrastructure Limited Stock Forecast
Yuexiu Transport Infrastructure Limited stock price ended at HK$3.97 on Thursday, after gaining 0.506%.
(Updated on May 09, 2024)
The Yuexiu Transport Infrastructure Limited stock price gained 0.506% on the last trading day (Thursday, 9th May 2024), rising from HK$3.95 to HK$3.97. During the last trading day the stock fluctuated 1.02% from a day low at HK$3.94 to a day high of HK$3.98. The price has risen in 6 of the last 10 days and is up by 3.39% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately HK$11.96 million.
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 -11.66% during the next 3 months and, with a 90% probability hold a price between HK$3.01 and HK$3.68 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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1052.HK Signals & Forecast
Mostly positive signals in the chart today. The Yuexiu Transport Infrastructure Limited 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 HK$3.93 and HK$3.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 6.43%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Yuexiu Transport Infrastructure Limited stock
Yuexiu Transport Infrastructure Limited finds support from accumulated volume at HK$3.86 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 HK$0.0400 between high and low, or 1.02%. For the last week the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: HK$3.81 (-3.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (1052.HK) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Yuexiu Transport Infrastructure Limited to open at HK$3.96, and during the day (based on 14 day Average True Range), to move between HK$3.89 and HK$4.05, which gives a possible trading interval of +/-HK$0.0797 (+/-2.01%) up or down from last closing price. If Yuexiu Transport Infrastructure Limited takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$3.86 (2.77%) than the resistance at HK$4.19 (5.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yuexiu Transport Infrastructure Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.481 Buy Candidate Unchanged
Predicted Opening Price for Yuexiu Transport Infrastructure Limited of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| HK$3.96 ( 0.168%) | HK$3.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1052.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.00 | 0.84 % | |
| R2 | 3.99 | 0.455 % | ||
| R1 | 3.98 | 0.217 % | ||
| Current price: | 3.97 | |||
| Support | S1 | 3.95 | -0.553 % | |
| S2 | 3.94 | -0.791 % | ||
| S3 | 3.92 | -1.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.46 | 12.34 % | |
| R2 | 4.24 | 6.80 % | ||
| R1 | 4.19 | 5.54 % | ||
| Current price | 3.97 | |||
| Support | S1 | 3.86 | -2.77% | |
| S2 | 3.85 | -3.02% | ||
| S3 | 3.84 | -3.27% |
1052 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 28, 2024 | HK$0.150 | 3.80% |
| 2 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | HK$0.100 | 2.58% |
| 3 | Nov 04, 2022 | Nov 04, 2022 | Nov 04, 2022 | HK$0.100 | 3.15% |
| 4 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | HK$0.410 | 9.30% |
| 5 | Nov 05, 2021 | Nov 05, 2021 | Nov 05, 2021 | HK$0.200 | 4.30% |
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