Xinjiang Goldwind Science & Technology Stock Forecast
Xinjiang Goldwind Science & Technology stock upgraded to Strong Buy Candidate.
(Updated on May 07, 2024)
The Xinjiang Goldwind Science & Technology stock price gained 3.49% on the last trading day (Tuesday, 7th May 2024), rising from HK$3.44 to HK$3.56. During the last trading day the stock fluctuated 5.64% from a day low at HK$3.37 to a day high of HK$3.56. The price has risen in 6 of the last 10 days and is up by 17.49% 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, 14 million shares were bought and sold for approximately HK$51.56 million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at HK$3.55, a level that may pose a second chance to hit a runner. According to fan-theory HK$4.07 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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2208.HK Signals & Forecast
Mostly positive signals in the chart today. The Xinjiang Goldwind Science & Technology 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$3.32 and HK$3.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 24.91%. 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 Xinjiang Goldwind Science & Technology stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$3.30 and HK$3.22. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Xinjiang Goldwind Science & Technology finds support just below today's level at HK$3.30. If this is broken, then the next support from accumulated volume will be at HK$3.22 and HK$3.13.
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 HK$0.190 between high and low, or 5.64%. For the last week, the stock has had daily average volatility of 5.19%.
Our recommended stop-loss: HK$3.43 (-3.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (2208.HK) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Xinjiang Goldwind Science & Technology Co., Ltd. to open at HK$3.50, and during the day (based on 14 day Average True Range), to move between HK$3.43 and HK$3.69, which gives a possible trading interval of +/-HK$0.133 (+/-3.73%) up or down from last closing price. If Xinjiang Goldwind Science & Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.47% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$3.30, some HK$0.260 (7.30%) from the current price of HK$3.56, our system finds the risk reward attractive.
Is Xinjiang Goldwind Science & Technology Co., Ltd. stock A Buy?
Xinjiang Goldwind Science & Technology holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.813 Strong Buy Candidate Upgraded
Predicted Opening Price for Xinjiang Goldwind Science & Technology Co., Ltd. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| HK$3.50 ( 1.78%) | HK$3.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2208.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.69 | 3.56 % | |
| R2 | 3.61 | 1.52 % | ||
| R1 | 3.57 | 0.260 % | ||
| Current price: | 3.56 | |||
| Support | S1 | 3.42 | -3.82 % | |
| S2 | 3.38 | -5.08 % | ||
| S3 | 3.31 | -7.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3.56 | |||
| Support | S1 | 3.30 | -7.30% | |
| S2 | 3.22 | -9.55% | ||
| S3 | 3.13 | -12.08% |
2208 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | HK$0.132 | 2.56% |
| 2 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | HK$0.120 | 2.23% |
| 3 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | HK$0.292 | 2.12% |
| 4 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | HK$0.300 | 2.47% |
| 5 | Jun 26, 2020 | Jun 26, 2020 | Jun 26, 2020 | HK$0.175 | 2.46% |
FAQ
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