AviChina Industry & Technology Co Ltd Stock Forecast
AviChina Industry & Technology Co Ltd stock upgraded to Strong Buy Candidate.
(Updated on May 06, 2024)
The AviChina Industry & Technology Co Ltd stock price gained 2.69% on the last trading day (Monday, 6th May 2024), rising from HK$3.35 to HK$3.44. During the last trading day the stock fluctuated 4.49% from a day low at HK$3.34 to a day high of HK$3.49. The price has risen in 6 of the last 10 days and is up by 6.17% 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, 9 million more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately HK$43.83 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at HK$3.50 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.64% during the next 3 months and, with a 90% probability hold a price between HK$3.15 and HK$3.63 at the end of this 3-month period.
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2357.HK Signals & Forecast
Mostly positive signals in the chart today. The AviChina Industry & Technology Co Ltd 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$3.39 and HK$3.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 14.67%. 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 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$0.150 between high and low, or 4.49%. For the last week, the stock has had daily average volatility of 3.18%.
Our recommended stop-loss: HK$3.25 (-5.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (2357.HK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect AviChina Industry & Technology Company Limited to open at HK$3.42, and during the day (based on 14 day Average True Range), to move between HK$3.34 and HK$3.54, which gives a possible trading interval of +/-HK$0.104 (+/-3.03%) 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 6.05% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$3.43, some HK$0.0100 (0.29%) from the current price of HK$3.44, our system finds the risk reward attractive.
Is AviChina Industry & Technology Company Limited stock A Buy?
AviChina Industry & Technology Co Ltd holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". 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: 5.297 Strong Buy Candidate Upgraded
Predicted Opening Price for AviChina Industry & Technology Company Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| HK$3.42 ( 0.484%) | HK$3.44 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 3.57 | 3.88 % | |
| R2 | 3.52 | 2.21 % | ||
| R1 | 3.48 | 1.18 % | ||
| Current price: | 3.44 | |||
| Support | S1 | 3.37 | -2.15 % | |
| S2 | 3.33 | -3.18 % | ||
| S3 | 3.27 | -4.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3.44 | |||
| Support | S1 | 3.43 | -0.291% | |
| S2 | 3.22 | -6.40% | ||
| S3 | 3.16 | -8.14% |
2357 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | Jun 30, 2024 | HK$0.0956 | 2.77% |
| 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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