Guanglian Aviation Industry Co., Ltd. Stock Forecast
High volatility in Guanglian Aviation Industry Co., Ltd. stock price on Friday which ended trading at ¥18.73
(Updated on Jun 28, 2024)
The Guanglian Aviation Industry Co., Ltd. stock price gained 4.11% on the last trading day (Friday, 28th Jun 2024), rising from ¥17.99 to ¥18.73. During the last trading day the stock fluctuated 48.69% from a day low at ¥17.89 to a day high of ¥26.60. The price has been going up and down for this period, and there has been a -29.88% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 million more shares were traded than the day before. In total, 16 million shares were bought and sold for approximately ¥295.12 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥17.58 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -27.97% during the next 3 months and, with a 90% probability hold a price between ¥12.66 and ¥17.46 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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300900.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 4.11%. Further rise is indicated until a new top pivot has been found. 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. The Guanglian Aviation Industry 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 ¥21.66 and ¥25.93. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Guanglian Aviation Industry Co., Ltd. stock
Guanglian Aviation Industry Co., Ltd. finds support from accumulated volume at ¥18.52 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥8.71 between high and low, or 48.69%. For the last week, the stock has had daily average volatility of 40.00%.
Our recommended stop-loss: ¥17.71 (-5.47%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (300900.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Guanglian Aviation Industry Co., Ltd. to open at ¥21.07, and during the day (based on 14 day Average True Range), to move between ¥15.28 and ¥22.18, which gives a possible trading interval of +/-¥3.45 (+/-18.44%) up or down from last closing price. If Guanglian Aviation Industry Co., Ltd. takes out the full calculated possible swing range there will be an estimated 36.88% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥18.52, some ¥0.210 (1.12%) from the current price of ¥18.73, our system finds the risk reward attractive.
Is Guanglian Aviation Industry Co., Ltd. stock A Buy?
Guanglian Aviation Industry 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.332 Hold/Accumulate Upgraded
Predicted Opening Price for Guanglian Aviation Industry Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥21.07 ( 12.51%) | ¥18.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300900.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.78 | 59.01% |
| R2 | 26.46 | 41.25% |
| R1 | 24.40 | 30.28% |
| Price | 18.73 | |
| S1 | 17.75 | -5.25% |
| S2 | 15.69 | -16.23% |
| S3 | 12.36 | -33.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 18.73 | |
| S1 | 18.52 | -1.12% |
| S2 | 17.99 | -3.95% |
| S3 | 0 | - |
300900 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 25, 2024 | Jun 25, 2024 | Jun 25, 2024 | ¥0.100 | 0.540% |
| 2 | May 31, 2023 | May 31, 2023 | May 31, 2023 | ¥0.200 | 1.19% |
| 3 | Jul 12, 2021 | Jul 12, 2021 | Jul 12, 2021 | ¥0.100 | 0.494% |
FAQ
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