Jiangsu Leili Motor Corp Ltd Stock Forecast
Green day on Friday for Jiangsu Leili Motor Corp Ltd stock after gaining 1.28%
(Updated on May 17, 2024)
The Jiangsu Leili Motor Corp Ltd stock price gained 1.28% on the last trading day (Friday, 17th May 2024), rising from ¥27.32 to ¥27.67. During the last trading day the stock fluctuated 3.86% from a day low at ¥26.96 to a day high of ¥28.00. The price has risen in 6 of the last 10 days but is still down by -1.18% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 178 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ¥101.59 million.
The stock lies in the middle of a very wide and weak 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 3.65% during the next 3 months and, with a 90% probability hold a price between ¥24.80 and ¥31.49 at the end of this 3-month period.
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300660.SZ Signals & Forecast
The Jiangsu Leili Motor Corp Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥27.56 and ¥26.78. A breakdown below any of these levels will issue sell signals. 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. 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 Monday, April 29, 2024, and so far it has fallen -4.39%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Jiangsu Leili Motor Corp Ltd stock
Jiangsu Leili Motor Corp Ltd finds support from accumulated volume at ¥27.49 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 ¥1.04 between high and low, or 3.86%. For the last week, the stock has had daily average volatility of 3.34%.
Our recommended stop-loss: ¥26.38 (-4.67%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (300660.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Jiangsu Leili Motor Corp Ltd to open at ¥27.54, and during the day (based on 14 day Average True Range), to move between ¥26.36 and ¥28.98, which gives a possible trading interval of +/-¥1.31 (+/-4.73%) up or down from last closing price. If Jiangsu Leili Motor Corp Ltd takes out the full calculated possible swing range there will be an estimated 9.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥27.49 (0.65%) than the resistance at ¥28.40 (2.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jiangsu Leili Motor Corp Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Jiangsu Leili Motor Corp Ltd stock to perform well in the short-term.
Current score: 3.696 Buy Candidate Unchanged
Predicted Opening Price for Jiangsu Leili Motor Corp Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥27.54 ( 0.458%) | ¥27.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300660.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.58 | 3.30 % | |
| R2 | 28.19 | 1.87 % | ||
| R1 | 27.94 | 0.98 % | ||
| Current price: | 27.67 | |||
| Support | S1 | 27.15 | -1.89 % | |
| S2 | 26.90 | -2.78 % | ||
| S3 | 26.50 | -4.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.67 | 7.23 % | |
| R2 | 28.94 | 4.59 % | ||
| R1 | 28.40 | 2.64 % | ||
| Current price | 27.67 | |||
| Support | S1 | 27.49 | -0.651% | |
| S2 | 27.41 | -0.94% | ||
| S3 | 26.10 | -5.67% |
300660 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | ¥0.460 | 1.69% |
| 2 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | ¥0.450 | 2.85% |
| 3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.460 | 2.81% |
| 4 | May 28, 2020 | May 28, 2020 | May 28, 2020 | ¥0.400 | 3.03% |
| 5 | May 27, 2019 | May 27, 2019 | May 27, 2019 | ¥0.286 | 2.28% |
FAQ
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