Guangdong Yueyun Transportation Co Ltd Stock Forecast
Red day on Monday for Guangdong Yueyun Transportation Co Ltd
(Updated on May 06, 2024)
The Guangdong Yueyun Transportation Co Ltd stock price fell by -0.89% on the last day (Monday, 6th May 2024) from HK$1.12 to HK$1.11. During the last trading day the stock fluctuated 0.90% from a day low at HK$1.11 to a day high of HK$1.12. The price has fallen in 5 of the last 10 days but is still up by 0.91% over the past 2 weeks. Volume has increased on the last day by 251 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, 283 thousand shares were bought and sold for approximately HK$314.13 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.07% during the next 3 months and, with a 90% probability hold a price between HK$0.95 and HK$1.09 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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3399.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 7.77%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Guangdong Yueyun Transportation Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$1.12. On a fall, the stock will find some support from the short-term average at HK$1.08. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Guangdong Yueyun Transportation Co Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Guangdong Yueyun Transportation Co Ltd stock
Guangdong Yueyun Transportation Co Ltd finds support from accumulated volume at HK$1.10 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 HK$0.0100 between high and low, or 0.90%. For the last week, the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3399.HK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Guangdong Yueyun Transportation Company Limited to open at HK$1.11, and during the day (based on 14 day Average True Range), to move between HK$1.07 and HK$1.15, which gives a possible trading interval of +/-HK$0.0397 (+/-3.58%) up or down from last closing price. If Guangdong Yueyun Transportation Company Limited takes out the full calculated possible swing range there will be an estimated 7.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$1.10 (0.90%) than the resistance at HK$1.18 (6.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangdong Yueyun Transportation Company Limited stock A Buy?
Guangdong Yueyun Transportation Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.488 Sell Candidate Unchanged
Predicted Opening Price for Guangdong Yueyun Transportation Company Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| HK$1.11 ( 0.300%) | HK$1.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3399.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.12 | 1.20 % | |
| R2 | 1.12 | 0.86 % | ||
| R1 | 1.12 | 0.644 % | ||
| Current price: | 1.11 | |||
| Support | S1 | 1.11 | -0.0438 % | |
| S2 | 1.11 | -0.256 % | ||
| S3 | 1.10 | -0.601 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.20 | 8.11 % | |
| R2 | 1.19 | 7.21 % | ||
| R1 | 1.18 | 6.31 % | ||
| Current price | 1.11 | |||
| Support | S1 | 1.10 | -0.90% | |
| S2 | 1.09 | -1.80% | ||
| S3 | 1.03 | -7.21% |
3399 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2019 | Jun 19, 2019 | Aug 21, 2019 | HK$0.170 | 6.85% |
| 2 | Mar 21, 2018 | Jun 21, 2018 | Aug 21, 2018 | HK$0.160 | 4.00% |
| 3 | Mar 13, 2017 | Jun 15, 2017 | Aug 16, 2017 | HK$0.149 | 2.83% |
| 4 | Mar 18, 2016 | Jun 10, 2016 | Sep 06, 2016 | HK$0.154 | 3.16% |
| 5 | Mar 25, 2015 | Jun 15, 2015 | Sep 10, 2015 | HK$0.127 | 2.61% |
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