AviChina Industry & Technology Co Ltd Stock Forecast
AviChina Industry & Technology Co Ltd stock price down 0.285% on Tuesday
(Updated on Jul 02, 2024)
The AviChina Industry & Technology Co Ltd stock price fell by -0.285% on the last day (Tuesday, 2nd Jul 2024) from HK$3.51 to HK$3.50. During the last trading day the stock fluctuated 3.15% from a day low at HK$3.49 to a day high of HK$3.60. The price has fallen in 7 of the last 10 days and is down by -2.51% 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 -8 million shares and in total, 7 million shares were bought and sold for approximately HK$24.81 million.
The stock lies in the lower part of a very 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$3.38 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 15.28% during the next 3 months and, with a 90% probability hold a price between HK$3.90 and HK$4.98 at the end of this 3-month period.
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2357.HK Signals & Forecast
There are mixed signals in the stock today. The AviChina Industry & Technology Co 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$3.66. On a fall, the stock will find some support from the short-term average at HK$3.48. 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 Monday, May 13, 2024, and so far it has fallen -12.50%. Further fall is indicated until a new bottom pivot has been found. 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 AviChina Industry & Technology Co Ltd stock
AviChina Industry & Technology Co Ltd finds support from accumulated volume at HK$3.43 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 HK$0.110 between high and low, or 3.15%. For the last week, the stock has had daily average volatility of 3.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2357.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect AviChina Industry & Technology Company Limited to open at HK$3.53, and during the day (based on 14 day Average True Range), to move between HK$3.38 and HK$3.62, which gives a possible trading interval of +/-HK$0.119 (+/-3.39%) up or down from last closing price. If AviChina Industry & Technology Company Limited takes out the full calculated possible swing range there will be an estimated 6.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$3.52 (0.57%) than the support at HK$3.43 (2.00%), 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 AviChina Industry & Technology Company Limited stock A Buy?
AviChina Industry & Technology Co 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: -3.127 Sell Candidate Unchanged
Predicted Opening Price for AviChina Industry & Technology Company Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$3.53 ( 0.86%) | HK$3.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2357.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.64 | 4.00% |
| R2 | 3.60 | 2.80% |
| R1 | 3.57 | 2.06% |
| Price | 3.50 | |
| S1 | 3.49 | -0.343% |
| S2 | 3.46 | -1.09% |
| S3 | 3.42 | -2.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.00 | 14.29% |
| R2 | 3.72 | 6.29% |
| R1 | 3.52 | 0.571% |
| Price | 3.50 | |
| S1 | 3.43 | -2.00% |
| S2 | 3.27 | -6.57% |
| S3 | 3.09 | -11.71% |
2357 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | Jun 30, 2024 | HK$0.0956 | 2.72% |
| 2 | May 24, 2023 | May 24, 2023 | May 24, 2023 | HK$0.0902 | 2.28% |
| 3 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | HK$0.0940 | 2.13% |
| 4 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | HK$0.0604 | 1.19% |
| 5 | Mar 30, 2020 | May 27, 2020 | Aug 18, 2020 | HK$0.0328 | 0.616% |
FAQ
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