Hubei Dinglong CO.,Ltd. Stock Forecast
Weaker technical forecast for Hubei Dinglong CO.,Ltd. as stock downgraded to Sell Candidate.
(Updated on Jun 20, 2024)
The Hubei Dinglong CO.,Ltd. stock price fell by -0.741% on the last day (Thursday, 20th Jun 2024) from ¥22.94 to ¥22.77. During the last trading day the stock fluctuated 3.08% from a day low at ¥22.76 to a day high of ¥23.46. The price has fallen in 6 of the last 10 days and is down by -1.47% 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 -496 thousand shares and in total, 10 million shares were bought and sold for approximately ¥234.49 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.26% during the next 3 months and, with a 90% probability hold a price between ¥24.04 and ¥27.60 at the end of this 3-month period.
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300054.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hubei Dinglong CO.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥23.20 and ¥22.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -4.05%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Tuesday, June 11, 2024 and based on theory for this formation the price should fall by -6.18% to ¥21.36 within 24 trading days since signal was issued (Friday, June 21, 2024).
Support, Risk & Stop-loss for Hubei Dinglong CO.,Ltd. stock
Hubei Dinglong CO.,Ltd. finds support from accumulated volume at ¥22.52 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 ¥0.700 (3.08%) between high and low. For the last week, the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300054.SZ) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Hubei Dinglong CO.,Ltd. to open at ¥23.00, and during the day (based on 14 day Average True Range), to move between ¥21.96 and ¥23.58, which gives a possible trading interval of +/-¥0.81 (+/-3.54%) up or down from last closing price. If Hubei Dinglong CO.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥22.52 (1.10%) than the resistance at ¥23.08 (1.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hubei Dinglong CO.,Ltd. stock A Buy?
The Hubei Dinglong CO.,Ltd. stock holds several negative signals and despite the positive trend, we believe Hubei Dinglong CO.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.893 Sell Candidate Downgraded
Predicted Opening Price for Hubei Dinglong CO.,Ltd. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| ¥23.00 ( 1.00%) | ¥22.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300054.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.70 | 4.07% |
| R2 | 23.43 | 2.90% |
| R1 | 23.26 | 2.17% |
| Price | 22.77 | |
| S1 | 22.73 | -0.179% |
| S2 | 22.56 | -0.90% |
| S3 | 22.30 | -2.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.40 | 2.77% |
| R2 | 23.11 | 1.49% |
| R1 | 23.08 | 1.36% |
| Price | 22.77 | |
| S1 | 22.52 | -1.10% |
| S2 | 22.28 | -2.15% |
| S3 | 22.26 | -2.24% |
300054 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | ¥0.0500 | 0.196% |
| 2 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | ¥0.0200 | 0.100% |
| 3 | Jun 24, 2021 | Jun 24, 2021 | Jun 24, 2021 | ¥0.0300 | 0.168% |
| 4 | Aug 14, 2020 | Aug 14, 2020 | Aug 14, 2020 | ¥0.0202 | 0.108% |
| 5 | Jun 10, 2019 | Jun 10, 2019 | Jun 10, 2019 | ¥0.0200 | 0.257% |
FAQ
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