Qingdao Huichng Envrnmntl Tchnlgy Co Ltd Stock Forecast
Volatile ride for Qingdao Huichng Envrnmntl Tchnlgy Co Ltd stock price on Tuesday moving between ¥46.99 and ¥51.85
(Updated on Apr 16, 2024)
The Qingdao Huichng Envrnmntl Tchnlgy Co Ltd stock price gained 1.31% on the last trading day (Tuesday, 16th Apr 2024), rising from ¥47.48 to ¥48.10. During the last trading day the stock fluctuated 10.34% from a day low at ¥46.99 to a day high of ¥51.85. The price has fallen in 5 of the last 10 days but is still up by 14.8% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ¥211.97 million.
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 16.94% during the next 3 months and, with a 90% probability hold a price between ¥41.12 and ¥62.03 at the end of this 3-month period.
300779.SZ Signals & Forecast
Mostly positive signals in the chart today. The Qingdao Huichng Envrnmntl Tchnlgy Co 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 ¥46.65 and ¥41.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 64.73%. 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 Qingdao Huichng Envrnmntl Tchnlgy Co Ltd stock
Qingdao Huichng Envrnmntl Tchnlgy Co Ltd finds support from accumulated volume at ¥47.75 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 ¥4.86 between high and low, or 10.34%. For the last week, the stock has had daily average volatility of 6.94%.
Our recommended stop-loss: ¥46.39 (-3.56%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 45 days ago.)
Trading Expectations (300779.SZ) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Qingdao Huichng Envrnmntl Tchnlgy Co Ltd to open at ¥48.98, and during the day (based on 14 day Average True Range), to move between ¥45.21 and ¥50.99, which gives a possible trading interval of +/-¥2.89 (+/-6.01%) up or down from last closing price. If Qingdao Huichng Envrnmntl Tchnlgy Co Ltd takes out the full calculated possible swing range there will be an estimated 12.03% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥47.75, some ¥0.350 (0.73%) from the current price of ¥48.10, our system finds the risk reward attractive.
Is Qingdao Huichng Envrnmntl Tchnlgy Co Ltd stock A Buy?
Qingdao Huichng Envrnmntl Tchnlgy Co Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.156 Strong Buy Candidate Upgraded
Predicted Opening Price for Qingdao Huichng Envrnmntl Tchnlgy Co Ltd of Wednesday, April 17, 2024
| Fair opening price April 17, 2024 | Current price |
|---|---|
| ¥48.98 ( 1.83%) | ¥48.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300779.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.84 | 11.93 % | |
| R2 | 51.98 | 8.07 % | ||
| R1 | 50.84 | 5.69 % | ||
| Current price: | 48.10 | |||
| Support | S1 | 47.12 | -2.03 % | |
| S2 | 45.98 | -4.41 % | ||
| S3 | 44.12 | -8.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 48.10 | |||
| Support | S1 | 47.75 | -0.728% | |
| S2 | 42.43 | -11.79% | ||
| S3 | 36.15 | -24.84% |
300779 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2022 | Jun 21, 2022 | Jun 21, 2022 | ¥0.0500 | 0.368% |
| 2 | May 31, 2021 | May 31, 2021 | May 31, 2021 | ¥0.100 | 0.622% |
| 3 | Jun 15, 2020 | Jun 15, 2020 | Jun 15, 2020 | ¥0.100 | 0.540% |
| 4 | Aug 28, 2019 | Aug 28, 2019 | Aug 28, 2019 | ¥0.200 | 0.538% |
FAQ
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