Anhui Wanwei Updated High-Tech Material Stock Forecast
Anhui Wanwei Updated High-Tech Material stock price ended at $3.52 on Friday, after losing 1.95%.
(Updated on Jun 28, 2024)
The Anhui Wanwei Updated High-Tech Material stock price fell by -1.95% on the last day (Friday, 28th Jun 2024) from $3.59 to $3.52. During the last trading day the stock fluctuated 2.56% from a day low at $3.51 to a day high of $3.60. The price has been going up and down for this period, and there has been a -3.83% loss for the last 2 weeks. 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 -2 million shares and in total, 11 million shares were bought and sold for approximately $39.84 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.49 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.29% during the next 3 months and, with a 90% probability hold a price between $3.13 and $3.70 at the end of this 3-month period.
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600063.SS Signals & Forecast
There are mixed signals in the stock today. The Anhui Wanwei Updated High-Tech Material 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 $3.59 and $3.96. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Anhui Wanwei Updated High-Tech Material stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0900 between high and low, or 2.56%. For the last week, the stock has had daily average volatility of 3.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600063.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd to open at $3.54, and during the day (based on 14 day Average True Range), to move between $3.40 and $3.64, which gives a possible trading interval of +/-$0.118 (+/-3.35%) up or down from last closing price. If Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd takes out the full calculated possible swing range there will be an estimated 6.70% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $4.13, some $0.610 (17.33%) from the current price of $3.52, our system finds the risk reward not very attractive.
Is Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd stock A Buy?
Anhui Wanwei Updated High-Tech Material 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: -2.682 Sell Candidate Unchanged
Predicted Opening Price for Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $3.54 ( 0.663%) | $3.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600063.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.63 | 3.22% |
| R2 | 3.60 | 2.24% |
| R1 | 3.58 | 1.64% |
| Price | 3.52 | |
| S1 | 3.51 | -0.314% |
| S2 | 3.49 | -0.92% |
| S3 | 3.45 | -1.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.20 | 19.32% |
| R2 | 4.17 | 18.47% |
| R1 | 4.13 | 17.33% |
| Price | 3.52 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
600063 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jun 28, 2024 | $0.0500 | 1.42% |
| 2 | May 19, 2023 | May 19, 2023 | May 19, 2023 | $0.150 | 2.85% |
| 3 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | $0.100 | 1.40% |
| 4 | May 14, 2021 | May 14, 2021 | May 14, 2021 | $0.100 | 2.33% |
| 5 | Jun 17, 2020 | Jun 17, 2020 | Jun 17, 2020 | $0.0600 | 1.80% |
FAQ
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