Huarui Electrical Appliance Co Ltd Stock Forecast
Big movements in Huarui Electrical Appliance Co Ltd stock price on Tuesday moving 18.37% between high and low
(Updated on Apr 30, 2024)
The Huarui Electrical Appliance Co Ltd stock price gained 2.00% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥7.49 to ¥7.64. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 18.37% from a day low at ¥6.64 to a day high of ¥7.86. The price has risen in 7 of the last 10 days and is up by 36.67% over the past 2 weeks. Volume fell on the last day by -463 thousand shares and in total, 10 million shares were bought and sold for approximately ¥73.58 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.59% during the next 3 months and, with a 90% probability hold a price between ¥6.10 and ¥9.53 at the end of this 3-month period.
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300626.SZ Signals & Forecast
The Huarui Electrical Appliance Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥6.78 and ¥7.33. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -7.06%. 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).
Support, Risk & Stop-loss for Huarui Electrical Appliance Co Ltd stock
Huarui Electrical Appliance Co Ltd finds support from accumulated volume at ¥7.63 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 ¥1.22 between high and low, or 18.37%. For the last week, the stock has had daily average volatility of 11.76%.
Since the Huarui Electrical Appliance Co Ltd has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: ¥7.29 (-4.59%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (300626.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Huarui Electrical Appliance Co Ltd to open at ¥7.38, and during the day (based on 14 day Average True Range), to move between ¥6.86 and ¥8.42, which gives a possible trading interval of +/-¥0.776 (+/-10.16%) up or down from last closing price. If Huarui Electrical Appliance Co Ltd takes out the full calculated possible swing range there will be an estimated 20.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.63 (0.13%) than the resistance at ¥8.18 (7.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Huarui Electrical Appliance Co Ltd stock A Buy?
Huarui Electrical Appliance Co Ltd 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.
Current score: 0.043 Hold/Accumulate Unchanged
Predicted Opening Price for Huarui Electrical Appliance Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥7.38 ( 3.40%) | ¥7.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300626.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.60 | 12.57 % | |
| R2 | 8.13 | 6.47 % | ||
| R1 | 7.85 | 2.70 % | ||
| Current price: | 7.64 | |||
| Support | S1 | 6.91 | -9.50 % | |
| S2 | 6.63 | -13.27 % | ||
| S3 | 6.16 | -19.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.22 | 7.59 % | |
| R2 | 8.21 | 7.46 % | ||
| R1 | 8.18 | 7.07 % | ||
| Current price | 7.64 | |||
| Support | S1 | 7.63 | -0.131% | |
| S2 | 6.46 | -15.45% | ||
| S3 | 5.77 | -24.48% |
300626 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | ¥0.0300 | 0.343% |
| 2 | Jun 08, 2020 | Jun 08, 2020 | Jun 08, 2020 | ¥0.0200 | 0.207% |
| 3 | Jun 05, 2018 | Jun 05, 2018 | Jun 05, 2018 | ¥0.0556 | 0.425% |
FAQ
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