RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 300618.SZ
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Red day on Wednesday for Nanjing Hanrui Cobalt Co Ltd
(Updated on Mar 27, 2024)

Sell candidate since Mar 22, 2024 Loss -4.98% PDF

The Nanjing Hanrui Cobalt Co Ltd stock price fell by -4.79% on the last day (Wednesday, 27th Mar 2024) from ¥24.24 to ¥23.08. During the last trading day the stock fluctuated 4.72% from a day low at ¥23.08 to a day high of ¥24.17. The price has fallen in 6 of the last 10 days and is down by -2.9% 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 -473 thousand shares and in total, 4 million shares were bought and sold for approximately ¥82.57 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 -12.41% during the next 3 months and, with a 90% probability hold a price between ¥14.67 and ¥21.76 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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300618.SZ Signals & Forecast

There are few to no technical positive signals at the moment. The Nanjing Hanrui Cobalt 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 ¥24.38 and ¥23.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -8.41%. 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 Nanjing Hanrui Cobalt Co Ltd stock

Nanjing Hanrui Cobalt Co Ltd finds support from accumulated volume at ¥22.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥1.09 between high and low, or 4.72%. For the last week, the stock has had daily average volatility of 3.63%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (300618.SZ) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Nanjing Hanrui Cobalt Co Ltd to open at ¥23.44, and during the day (based on 14 day Average True Range), to move between ¥22.17 and ¥23.99, which gives a possible trading interval of +/-¥0.91 (+/-3.92%) up or down from last closing price. If Nanjing Hanrui Cobalt Co Ltd takes out the full calculated possible swing range there will be an estimated 7.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥22.90 (0.78%) than the resistance at ¥23.57 (2.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nanjing Hanrui Cobalt Co Ltd stock A Buy?

Nanjing Hanrui Cobalt Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.071 Sell Candidate Unchanged

Predicted Opening Price for Nanjing Hanrui Cobalt Co Ltd of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
¥23.44 ( 1.57%) ¥23.08

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 300618.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 24.53 6.30 %
R2 24.12 4.49 %
R1 23.86 3.38 %
Current price: 23.08
Support S1 23.03 -0.230 %
S2 22.77 -1.34 %
S3 22.35 -3.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 25.20 9.19 %
R2 24.91 7.93 %
R1 23.57 2.12 %
Current price 23.08
Support S1 22.90 -0.780%
S2 22.82 -1.13%
S3 18.71 -18.93%

300618 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 14, 2023 Jun 14, 2023 Jun 14, 2023 ¥0.150 0.465%
2 Jun 15, 2022 Jun 15, 2022 Jun 15, 2022 ¥0.430 0.754%
3 Jul 12, 2021 Jul 12, 2021 Jul 12, 2021 ¥0.220 0.220%
4 May 26, 2020 May 26, 2020 May 26, 2020 ¥0.0110 0.0227%
5 Jul 10, 2019 Jul 10, 2019 Jul 10, 2019 ¥0.714 1.57%

FAQ

What is the symbol for Nanjing Hanrui Cobalt Co Ltd Stock and on which exchange is it traded?
The symbol for Nanjing Hanrui Cobalt Co Ltd is 300618.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Nanjing Hanrui Cobalt Co Ltd Stock?
Nanjing Hanrui Cobalt Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Nanjing Hanrui Cobalt Co Ltd Stock?
Nanjing Hanrui Cobalt Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nanjing Hanrui Cobalt Co Ltd Stock.

What's the current price of Nanjing Hanrui Cobalt Co Ltd Stock?
As of the end of day on the 2024-03-27, the price of an Nanjing Hanrui Cobalt Co Ltd (300618.SZ) share was ¥23.08.

What is the 52-week high and low for Nanjing Hanrui Cobalt Co Ltd Stock?
The 52-week high for Nanjing Hanrui Cobalt Co Ltd Stock is ¥44.80 and the 52-week low is ¥17.74.

What is the market capitalization of Nanjing Hanrui Cobalt Co Ltd Stock?
As of the 2024-03-27, the market capitalization of Nanjing Hanrui Cobalt Co Ltd is 7.206B.
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About Nanjing Hanrui Cobalt Co Ltd

Nanjing Hanrui Cobalt Co.,Ltd. engages in the extraction of cobalt and copper ores. The company is also involved in the smelting, research and development, production, and sale of cobalt powder and other cobalt-based powder. Its products portfolio includes cobalt hydroxide, electrolytic copper, cobalt hydroxide, cobalt salts, cobalt cathode, etc. The company serves in Japan, South Korea, Switzerland, Israel, India, and the United States. Nanjing ... 300618.SZ Profile

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