China Southern Airlines Company Limited Stock Forecast
China Southern Airlines Company Limited stock price down 0% on Tuesday
(Updated on Jun 25, 2024)
No changes to the price of China Southern Airlines Company Limited stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 1.58% from a day low at $5.71 to a day high of $5.80. The price has fallen in 5 of the last 10 days and is down by -1.2% for this period.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.72 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.35% during the next 3 months and, with a 90% probability hold a price between $6.09 and $6.67 at the end of this 3-month period.
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600029.SS Signals & Forecast
There are few to no technical positive signals at the moment. The China Southern Airlines Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $5.83 and $5.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -5.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for China Southern Airlines Company Limited stock
China Southern Airlines Company Limited finds support from accumulated volume at $5.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0900 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600029.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect China Southern Airlines Company Limited to open at $5.76, and during the day (based on 14 day Average True Range), to move between $5.65 and $5.91, which gives a possible trading interval of +/-$0.129 (+/-2.23%) up or down from last closing price. If China Southern Airlines Company Limited takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.85 (1.21%) than the support at $5.66 (2.08%), 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 China Southern Airlines Company Limited stock A Buy?
The China Southern Airlines Company Limited stock holds several negative signals and despite the positive trend, we believe China Southern Airlines Company Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.558 Sell Candidate Unchanged
Predicted Opening Price for China Southern Airlines Company Limited of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$5.76 ( 0.288%) | $5.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600029.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5.85 | 1.27% |
R2 | 5.82 | 0.674% |
R1 | 5.80 | 0.306% |
Price | 5.78 | |
S1 | 5.73 | -0.88% |
S2 | 5.71 | -1.25% |
S3 | 5.67 | -1.85% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5.97 | 3.29% |
R2 | 5.92 | 2.42% |
R1 | 5.85 | 1.21% |
Price | 5.78 | |
S1 | 5.66 | -2.08% |
S2 | 5.64 | -2.42% |
S3 | 5.59 | -3.29% |
600029 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 24, 2019 | Jul 24, 2019 | Jul 24, 2019 | $0.0500 | 0.675% |
2 | Jul 12, 2018 | Jul 12, 2018 | Jul 12, 2018 | $0.100 | 1.30% |
3 | Jul 26, 2017 | Jul 26, 2017 | Jul 26, 2017 | $0.100 | 1.25% |
4 | Jul 01, 2016 | Jul 01, 2016 | Jul 01, 2016 | $0.0800 | 1.15% |
5 | Aug 06, 2015 | Aug 06, 2015 | Aug 06, 2015 | $0.0400 | 0.338% |
FAQ
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