Xiamen Xiangyu Co., Ltd. Stock Forecast
Evaluation of Xiamen Xiangyu Co., Ltd. stock downgraded after the last trading session.
(Updated on Jun 20, 2024)
The Xiamen Xiangyu Co., Ltd. stock price fell by -1.08% on the last day (Thursday, 20th Jun 2024) from $7.38 to $7.30. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.78% from a day low at $7.29 to a day high of $7.42. The price has fallen in 5 of the last 10 days and is down by -2.8% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -15 million shares and in total, 10 million shares were bought and sold for approximately $72.84 million.
Given the current short-term trend, the stock is expected to rise 17.68% during the next 3 months and, with a 90% probability hold a price between $8.59 and $9.36 at the end of this 3-month period.
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600057.SS Signals & Forecast
There are few to no technical positive signals at the moment. The Xiamen Xiangyu Co., Ltd. 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 $7.62 and $7.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -7.48%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Xiamen Xiangyu Co., Ltd. stock
Xiamen Xiangyu Co., Ltd. finds support from accumulated volume at $7.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.130 (1.78%) between high and low. For the last week, the stock has had daily average volatility of 3.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600057.SS) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Xiamen Xiangyu Co., Ltd. to open at $7.34, and during the day (based on 14 day Average True Range), to move between $7.06 and $7.54, which gives a possible trading interval of +/-$0.237 (+/-3.25%) up or down from last closing price. If Xiamen Xiangyu Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.46 (2.19%) than the support at $7.06 (3.29%), 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 Xiamen Xiangyu Co., Ltd. stock A Buy?
The Xiamen Xiangyu Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Xiamen Xiangyu Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.156 Sell Candidate Downgraded
Predicted Opening Price for Xiamen Xiangyu Co., Ltd. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $7.34 ( 0.502%) | $7.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600057.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.47 | 2.28% |
| R2 | 7.42 | 1.60% |
| R1 | 7.39 | 1.18% |
| Price | 7.30 | |
| S1 | 7.29 | -0.178% |
| S2 | 7.26 | -0.598% |
| S3 | 7.21 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.72 | 5.75% |
| R2 | 7.64 | 4.66% |
| R1 | 7.46 | 2.19% |
| Price | 7.30 | |
| S1 | 7.06 | -3.29% |
| S2 | 6.90 | -5.48% |
| S3 | 6.86 | -6.03% |
600057 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | $0.610 | 7.81% |
| 2 | Jun 13, 2022 | Jun 13, 2022 | Jun 13, 2022 | $0.510 | 5.97% |
| 3 | Jun 18, 2021 | Jun 18, 2021 | Jun 18, 2021 | $0.300 | 5.03% |
| 4 | Jun 03, 2020 | Jun 03, 2020 | Jun 03, 2020 | $0.250 | 4.07% |
| 5 | Oct 08, 2019 | Oct 08, 2019 | Oct 08, 2019 | $0.120 | 2.88% |
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