Jiangsu Baoli International Investment Stock Forecast
Jiangsu Baoli International Investment stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 21, 2024)
The Jiangsu Baoli International Investment stock price fell by -1.84% on the last day (Friday, 21st Jun 2024) from ¥2.72 to ¥2.67. During the last trading day the stock fluctuated 7.31% from a day low at ¥2.60 to a day high of ¥2.79. The price has fallen in 6 of the last 10 days and is down by -11% 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 -11 million shares and in total, 18 million shares were bought and sold for approximately ¥47.47 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Jiangsu Baoli International Investment stock with a 90% probability to be traded between ¥2.25 and ¥3.66 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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300135.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Jiangsu Baoli International Investment 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 ¥2.76 and ¥3.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -26.65%. 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 Jiangsu Baoli International Investment stock
Jiangsu Baoli International Investment finds support from accumulated volume at ¥2.66 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 ¥0.190 between high and low, or 7.31%. For the last week, the stock has had daily average volatility of 4.42%.
Our recommended stop-loss: ¥2.50 (-6.32%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (300135.SZ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Jiangsu Baoli International Investment Co., Ltd. to open at ¥2.69, and during the day (based on 14 day Average True Range), to move between ¥2.46 and ¥2.88, which gives a possible trading interval of +/-¥0.211 (+/-7.90%) up or down from last closing price. If Jiangsu Baoli International Investment Co., Ltd. takes out the full calculated possible swing range there will be an estimated 15.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥2.66 (0.37%) than the resistance at ¥3.06 (14.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jiangsu Baoli International Investment Co., Ltd. stock A Buy?
Jiangsu Baoli International Investment holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.006 Hold/Accumulate Upgraded
Predicted Opening Price for Jiangsu Baoli International Investment Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ¥2.69 ( 0.624%) | ¥2.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300135.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.88 | 7.74% |
| R2 | 2.80 | 5.02% |
| R1 | 2.76 | 3.34% |
| Price | 2.67 | |
| S1 | 2.61 | -2.09% |
| S2 | 2.57 | -3.77% |
| S3 | 2.50 | -6.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.25 | 21.72% |
| R2 | 3.16 | 18.35% |
| R1 | 3.06 | 14.61% |
| Price | 2.67 | |
| S1 | 2.66 | -0.375% |
| S2 | 2.64 | -1.12% |
| S3 | 2.57 | -3.75% |
300135 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | ¥0.0100 | 0.400% |
| 2 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | ¥0.0100 | 0.429% |
| 3 | Jul 16, 2019 | Jul 16, 2019 | Jul 16, 2019 | ¥0.0100 | 0.347% |
| 4 | Jul 13, 2018 | Jul 13, 2018 | Jul 13, 2018 | ¥0.0100 | 0.389% |
| 5 | Jul 04, 2017 | Jul 04, 2017 | Jul 04, 2017 | ¥0.0200 | 0.377% |
FAQ
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