ABA Chemicals Corporation Stock Forecast
Green day on Wednesday for ABA Chemicals Corporation
(Updated on Jun 26, 2024)
The ABA Chemicals Corporation stock price gained 2.81% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥5.34 to ¥5.49. During the last trading day the stock fluctuated 8.76% from a day low at ¥5.25 to a day high of ¥5.71. The price has fallen in 6 of the last 10 days and is down by -4.19% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 625 thousand more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately ¥45.73 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.72% during the next 3 months and, with a 90% probability hold a price between ¥3.49 and ¥5.71 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300261.SZ Signals & Forecast
There are mixed signals in the stock today. The ABA Chemicals Corporation 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 ¥5.56 and ¥6.22. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.81%. 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 ABA Chemicals Corporation stock
ABA Chemicals Corporation finds support from accumulated volume at ¥5.34 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 ¥0.460 between high and low, or 8.76%. For the last week, the stock has had daily average volatility of 6.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300261.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect ABA Chemicals Corporation to open at ¥5.48, and during the day (based on 14 day Average True Range), to move between ¥5.04 and ¥5.94, which gives a possible trading interval of +/-¥0.450 (+/-8.19%) up or down from last closing price. If ABA Chemicals Corporation takes out the full calculated possible swing range there will be an estimated 16.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.34 (2.73%) than the resistance at ¥6.02 (9.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ABA Chemicals Corporation stock A Buy?
ABA Chemicals Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.078 Sell Candidate Unchanged
Predicted Opening Price for ABA Chemicals Corporation of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥5.48 ( 0.121%) | ¥5.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300261.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.94 | 8.26% |
| R2 | 5.77 | 5.06% |
| R1 | 5.66 | 3.08% |
| Price | 5.49 | |
| S1 | 5.31 | -3.32% |
| S2 | 5.20 | -5.30% |
| S3 | 5.02 | -8.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.80 | 23.86% |
| R2 | 6.65 | 21.13% |
| R1 | 6.02 | 9.65% |
| Price | 5.49 | |
| S1 | 5.34 | -2.73% |
| S2 | 5.14 | -6.38% |
| S3 | 0 | - |
300261 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2023 | Jun 12, 2023 | Jun 12, 2023 | ¥0.0500 | 0.557% |
| 2 | Jun 01, 2021 | Jun 01, 2021 | Jun 01, 2021 | ¥0.0500 | 0.99% |
| 3 | Sep 28, 2020 | Sep 28, 2020 | Sep 28, 2020 | ¥0.0400 | 0.519% |
| 4 | Jul 14, 2020 | Jul 14, 2020 | Jul 14, 2020 | ¥0.0101 | 0.131% |
| 5 | Sep 20, 2019 | Sep 20, 2019 | Sep 20, 2019 | ¥0.0500 | 1.16% |
FAQ
Click here for our free guide on how to buy ABA Chemicals Corporation Stock.
