Shiyan Taixiang Industry Co.,ltd. Stock Forecast
Shiyan Taixiang Industry Co.,ltd. stock price down 1.37% on Friday
(Updated on Jun 28, 2024)
The Shiyan Taixiang Industry Co.,ltd. stock price fell by -1.37% on the last day (Friday, 28th Jun 2024) from ¥17.50 to ¥17.26. During the last trading day the stock fluctuated 6.24% from a day low at ¥16.83 to a day high of ¥17.88. The price has risen in 6 of the last 10 days but is still down by -0.4% for this period. Volume has increased on the last day by 468 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately ¥39.33 million.
The stock lies in the middle of a 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 5.19% during the next 3 months and, with a 90% probability hold a price between ¥17.37 and ¥19.83 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
301192.SZ Signals & Forecast
The Shiyan Taixiang Industry 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 ¥17.04 and ¥16.98. 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). 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, June 18, 2024, and so far it has fallen -3.31%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Shiyan Taixiang Industry Co.,ltd. stock
Shiyan Taixiang Industry Co.,ltd. finds support from accumulated volume at ¥17.09 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 ¥1.05 between high and low, or 6.24%. For the last week, the stock has had daily average volatility of 6.67%.
Our recommended stop-loss: ¥16.64 (-3.61%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (301192.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shiyan Taixiang Industry Co.,ltd. to open at ¥17.32, and during the day (based on 14 day Average True Range), to move between ¥15.94 and ¥18.58, which gives a possible trading interval of +/-¥1.32 (+/-7.66%) up or down from last closing price. If Shiyan Taixiang Industry Co.,ltd. takes out the full calculated possible swing range there will be an estimated 15.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥17.40 (0.81%) than the support at ¥17.09 (0.98%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Shiyan Taixiang Industry Co.,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 Shiyan Taixiang Industry Co.,ltd. stock to perform well in the short-term.
Current score: 2.091 Buy Candidate Unchanged
Predicted Opening Price for Shiyan Taixiang Industry Co.,ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥17.32 ( 0.367%) | ¥17.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 301192.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.37 | 6.45% |
| R2 | 17.97 | 4.13% |
| R1 | 17.72 | 2.69% |
| Price | 17.26 | |
| S1 | 16.92 | -1.96% |
| S2 | 16.67 | -3.39% |
| S3 | 16.27 | -5.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.21 | 5.50% |
| R2 | 17.72 | 2.67% |
| R1 | 17.40 | 0.81% |
| Price | 17.26 | |
| S1 | 17.09 | -0.98% |
| S2 | 17.01 | -1.45% |
| S3 | 16.48 | -4.52% |
301192 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | May 31, 2024 | ¥0.200 | 1.18% |
| 2 | May 29, 2023 | May 29, 2023 | May 29, 2023 | ¥0.200 | 1.06% |
FAQ
Click here for our free guide on how to buy Shiyan Taixiang Industry Co.,ltd. Stock.
