Harbin Jiuzhou Group Co.,Ltd. Stock Forecast
Harbin Jiuzhou Group Co.,Ltd. stock price down 4.67% on Tuesday
(Updated on Jun 25, 2024)
The Harbin Jiuzhou Group Co.,Ltd. stock price fell by -4.67% on the last day (Tuesday, 25th Jun 2024) from ¥6.00 to ¥5.72. During the last trading day the stock fluctuated 6.58% from a day low at ¥5.62 to a day high of ¥5.99. The price has fallen in 8 of the last 10 days and is down by -19.66% 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 -4 million shares and in total, 42 million shares were bought and sold for approximately ¥242.78 million.
Given the current short-term trend, the stock is expected to rise 54.80% during the next 3 months and, with a 90% probability hold a price between ¥8.85 and ¥14.03 at the end of this 3-month period.
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300040.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Harbin Jiuzhou Group Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥6.29 and ¥6.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -29.12%. 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 Harbin Jiuzhou Group Co.,Ltd. stock
Harbin Jiuzhou Group Co.,Ltd. finds support from accumulated volume at ¥5.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.370 between high and low, or 6.58%. For the last week, the stock has had daily average volatility of 12.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300040.SZ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Harbin Jiuzhou Group Co.,Ltd. to open at ¥5.78, and during the day (based on 14 day Average True Range), to move between ¥4.89 and ¥6.55, which gives a possible trading interval of +/-¥0.83 (+/-14.52%) up or down from last closing price. If Harbin Jiuzhou Group Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 29.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.69 (0.52%) than the resistance at ¥5.93 (3.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Harbin Jiuzhou Group Co.,Ltd. stock A Buy?
The Harbin Jiuzhou Group Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Harbin Jiuzhou Group Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.788 Sell Candidate Unchanged
Predicted Opening Price for Harbin Jiuzhou Group Co.,Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ¥5.78 ( 0.99%) | ¥5.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300040.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.15 | 7.46% |
| R2 | 6.01 | 4.99% |
| R1 | 5.92 | 3.46% |
| Price | 5.72 | |
| S1 | 5.64 | -1.48% |
| S2 | 5.55 | -3.01% |
| S3 | 5.41 | -5.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.87 | 20.10% |
| R2 | 6.74 | 17.83% |
| R1 | 5.93 | 3.67% |
| Price | 5.72 | |
| S1 | 5.69 | -0.524% |
| S2 | 5.53 | -3.32% |
| S3 | 4.86 | -15.03% |
300040 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ¥0.0600 | 0.95% |
| 2 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.0500 | 0.741% |
| 3 | Jul 14, 2021 | Jul 14, 2021 | Jul 14, 2021 | ¥0.0357 | 0.425% |
| 4 | Jul 24, 2020 | Jul 24, 2020 | Jul 24, 2020 | ¥0.0357 | 0.696% |
| 5 | Jul 16, 2019 | Jul 16, 2019 | Jul 16, 2019 | ¥0.0357 | 0.83% |
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