Hebei Huijin Electromechanical Co., Ltd. Stock Forecast
Hebei Huijin Electromechanical Co., Ltd. stock price ended at ¥2.35 on Wednesday, after gaining 2.17%.
(Updated on Jun 26, 2024)
The Hebei Huijin Electromechanical Co., Ltd. stock price gained 2.17% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥2.30 to ¥2.35. During the last trading day the stock fluctuated 9.13% from a day low at ¥2.19 to a day high of ¥2.39. The price has fallen in 6 of the last 10 days and is down by -4.86% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 21 million shares were bought and sold for approximately ¥49.26 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 -58.94% during the next 3 months and, with a 90% probability hold a price between ¥0.443 and ¥1.12 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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300368.SZ Signals & Forecast
There are mixed signals in the stock today. The Hebei Huijin Electromechanical 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 ¥2.41 and ¥2.93. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 15.20%. 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 Hebei Huijin Electromechanical Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥2.12 and ¥2.07. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hebei Huijin Electromechanical Co., Ltd. finds support just below today's level at ¥2.12. If this is broken, then the next support from accumulated volume will be at ¥2.07 and ¥2.04.
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 ¥0.200 between high and low, or 9.13%. For the last week, the stock has had daily average volatility of 7.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300368.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Hebei Huijin Electromechanical Co., Ltd. to open at ¥2.31, and during the day (based on 14 day Average True Range), to move between ¥2.04 and ¥2.66, which gives a possible trading interval of +/-¥0.308 (+/-13.09%) up or down from last closing price. If Hebei Huijin Electromechanical Co., Ltd. takes out the full calculated possible swing range there will be an estimated 26.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥2.36 (0.43%) than the support at ¥2.12 (9.79%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Hebei Huijin Electromechanical Co., Ltd. stock A Buy?
Hebei Huijin Electromechanical Co., Ltd. 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: -2.428 Sell Candidate Unchanged
Predicted Opening Price for Hebei Huijin Electromechanical Co., Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥2.31 ( 1.70%) | ¥2.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300368.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.51 | 6.81% |
| R2 | 2.43 | 3.56% |
| R1 | 2.39 | 1.55% |
| Price | 2.35 | |
| S1 | 2.23 | -4.95% |
| S2 | 2.19 | -6.96% |
| S3 | 2.11 | -10.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.48 | 5.53% |
| R2 | 2.47 | 5.11% |
| R1 | 2.36 | 0.426% |
| Price | 2.35 | |
| S1 | 2.12 | -9.79% |
| S2 | 2.07 | -11.91% |
| S3 | 2.04 | -13.19% |
300368 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2022 | Jul 01, 2022 | Jul 01, 2022 | ¥0.0100 | 0.139% |
| 2 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | ¥0.0170 | 0.139% |
| 3 | Jul 09, 2020 | Jul 09, 2020 | Jul 09, 2020 | ¥0.0170 | 0.151% |
| 4 | May 19, 2017 | May 19, 2017 | May 19, 2017 | ¥0.0200 | 0.128% |
| 5 | May 19, 2016 | May 19, 2016 | May 19, 2016 | ¥0.0400 | 0.183% |
FAQ
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