Ningbo Xianfeng New Material Co.,Ltd Stock Forecast
Stronger technical forecast for Ningbo Xianfeng New Material Co.,Ltd stock price after Tuesday trading.
(Updated on Jun 18, 2024)
The Ningbo Xianfeng New Material Co.,Ltd stock price fell by -0.714% on the last day (Tuesday, 18th Jun 2024) from ¥1.40 to ¥1.39. During the last trading day the stock fluctuated 3.65% from a day low at ¥1.37 to a day high of ¥1.42. The price has risen in 6 of the last 10 days and is up by 29.91% over the past 2 weeks. 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 -3 million shares and in total, 19 million shares were bought and sold for approximately ¥26.22 million.
Given the current short-term trend, the stock is expected to fall -57.21% during the next 3 months and, with a 90% probability hold a price between ¥0.321 and ¥0.595 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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300163.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 29.91%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ningbo Xianfeng New Material 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 ¥1.47. On a fall, the stock will find some support from the short-term average at ¥1.38. 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. 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 Ningbo Xianfeng New Material Co.,Ltd stock
Ningbo Xianfeng New Material Co.,Ltd finds support from accumulated volume at ¥1.37 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 ¥0.0500 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 13.14%.
Our recommended stop-loss: ¥1.32 (-4.74%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (300163.SZ) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Ningbo Xianfeng New Material Co.,Ltd to open at ¥1.39, and during the day (based on 14 day Average True Range), to move between ¥1.22 and ¥1.56, which gives a possible trading interval of +/-¥0.175 (+/-12.57%) up or down from last closing price. If Ningbo Xianfeng New Material Co.,Ltd takes out the full calculated possible swing range there will be an estimated 25.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥1.37 (1.44%) than the resistance at ¥1.47 (5.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ningbo Xianfeng New Material Co.,Ltd stock A Buy?
Ningbo Xianfeng New Material Co.,Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.475 Hold/Accumulate Upgraded
Predicted Opening Price for Ningbo Xianfeng New Material Co.,Ltd of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| ¥1.39 ( 0.240%) | ¥1.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300163.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.44 | 3.84% |
| R2 | 1.42 | 2.46% |
| R1 | 1.41 | 1.61% |
| Price | 1.39 | |
| S1 | 1.37 | -1.13% |
| S2 | 1.36 | -1.98% |
| S3 | 1.34 | -3.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.60 | 15.11% |
| R2 | 1.53 | 10.07% |
| R1 | 1.47 | 5.76% |
| Price | 1.39 | |
| S1 | 1.37 | -1.44% |
| S2 | 1.16 | -16.55% |
| S3 | 1.07 | -23.02% |
300163 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2017 | Jun 12, 2017 | Jun 12, 2017 | ¥0.0500 | 0.654% |
| 2 | May 17, 2016 | May 17, 2016 | May 17, 2016 | ¥0.0250 | 0.209% |
| 3 | Jul 03, 2015 | Jul 03, 2015 | Jul 03, 2015 | ¥0.0333 | 0.334% |
| 4 | Jun 17, 2014 | Jun 17, 2014 | Jun 17, 2014 | ¥0.0167 | 0.507% |
| 5 | May 21, 2013 | May 21, 2013 | May 21, 2013 | ¥0.0183 | 0.88% |
FAQ
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