China XLX Fertiliser Ltd. Stock Forecast
China XLX Fertiliser Ltd. stock price up 0.274% on Friday
(Updated on May 03, 2024)
The China XLX Fertiliser Ltd. stock price gained 0.274% on the last trading day (Friday, 3rd May 2024), rising from HK$3.65 to HK$3.66. It has now gained 3 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 3.31% from a day low at HK$3.62 to a day high of HK$3.74. The price has risen in 6 of the last 10 days and is up by 0.27% 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, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately HK$8.37 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$3.53 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.44% during the next 3 months and, with a 90% probability hold a price between HK$4.25 and HK$5.17 at the end of this 3-month period.
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1866.HK Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China XLX Fertiliser Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$3.68. On a fall, the stock will find some support from the short-term average at HK$3.61. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -7.34%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for China XLX Fertiliser Ltd. stock
China XLX Fertiliser Ltd. finds support from accumulated volume at HK$3.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.120 (3.31%) between high and low. For the last week, the stock has had daily average volatility of 2.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1866.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect China XLX Fertiliser Ltd. to open at HK$3.67, and during the day (based on 14 day Average True Range), to move between HK$3.55 and HK$3.77, which gives a possible trading interval of +/-HK$0.106 (+/-2.89%) up or down from last closing price. If China XLX Fertiliser Ltd. takes out the full calculated possible swing range there will be an estimated 5.79% 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$3.61 (1.37%) than the resistance at HK$3.73 (1.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is China XLX Fertiliser Ltd. stock A Buy?
China XLX Fertiliser Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.521 Sell Candidate Unchanged
Predicted Opening Price for China XLX Fertiliser Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$3.67 ( 0.364%) | HK$3.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1866.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.79 | 3.64 % | |
| R2 | 3.75 | 2.39 % | ||
| R1 | 3.72 | 1.62 % | ||
| Current price: | 3.66 | |||
| Support | S1 | 3.63 | -0.89 % | |
| S2 | 3.60 | -1.66 % | ||
| S3 | 3.55 | -2.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.95 | 7.92 % | |
| R2 | 3.78 | 3.28 % | ||
| R1 | 3.73 | 1.91 % | ||
| Current price | 3.66 | |||
| Support | S1 | 3.61 | -1.37% | |
| S2 | 3.27 | -10.66% | ||
| S3 | 3.16 | -13.66% |
1866 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | HK$0.250 | 6.70% |
| 2 | Jun 28, 2022 | Jun 28, 2022 | Jun 28, 2022 | HK$0.233 | 3.89% |
| 3 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | HK$0.119 | 2.73% |
| 4 | Mar 30, 2020 | Jun 24, 2020 | Jul 31, 2020 | HK$0.0873 | 3.99% |
| 5 | Mar 26, 2019 | Jun 06, 2019 | Jul 25, 2019 | HK$0.116 | 4.84% |
FAQ
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