Shanghai Aerospace Automobile Stock Forecast
Shanghai Aerospace Automobile stock price down 0.88% on Friday
(Updated on Jun 28, 2024)
The Shanghai Aerospace Automobile stock price fell by -0.88% on the last day (Friday, 28th Jun 2024) from $4.56 to $4.52. During the last trading day the stock fluctuated 3.13% from a day low at $4.47 to a day high of $4.61. The price has fallen in 6 of the last 10 days and is down by -6.61% for this period. Volume has increased on the last day by 911 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, 15 million shares were bought and sold for approximately $66.22 million.
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 -6.69% during the next 3 months and, with a 90% probability hold a price between $3.82 and $4.76 at the end of this 3-month period.
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600151.SS Signals & Forecast
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 Shanghai Aerospace Automobile 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 $4.64 and $4.87. 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 -14.07%. 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 Shanghai Aerospace Automobile stock
Shanghai Aerospace Automobile finds support from accumulated volume at $4.40 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 $0.140 (3.13%) between high and low. For the last week, the stock has had daily average volatility of 5.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600151.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shanghai Aerospace Automobile Electromechanical Co., Ltd. to open at $4.53, and during the day (based on 14 day Average True Range), to move between $4.31 and $4.73, which gives a possible trading interval of +/-$0.206 (+/-4.56%) up or down from last closing price. If Shanghai Aerospace Automobile Electromechanical Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.40 (2.65%) than the resistance at $4.70 (3.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shanghai Aerospace Automobile Electromechanical Co., Ltd. stock A Buy?
Shanghai Aerospace Automobile holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.161 Sell Candidate Unchanged
Predicted Opening Price for Shanghai Aerospace Automobile Electromechanical Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $4.53 ( 0.295%) | $4.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600151.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.67 | 3.39% |
| R2 | 4.62 | 2.21% |
| R1 | 4.59 | 1.48% |
| Price | 4.52 | |
| S1 | 4.48 | -0.89% |
| S2 | 4.45 | -1.62% |
| S3 | 4.39 | -2.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.26 | 16.37% |
| R2 | 4.88 | 7.96% |
| R1 | 4.70 | 3.98% |
| Price | 4.52 | |
| S1 | 4.40 | -2.65% |
| S2 | 0 | - |
| S3 | 0 | - |
600151 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 16, 2017 | Aug 16, 2017 | Aug 16, 2017 | $0.0450 | 0.565% |
| 2 | May 25, 2016 | May 25, 2016 | May 25, 2016 | $0.0500 | 0.501% |
| 3 | Jul 04, 2014 | Jul 04, 2014 | Jul 04, 2014 | $0.0350 | 0.434% |
| 4 | Jun 16, 2011 | Jun 16, 2011 | Jun 16, 2011 | $0.0200 | 0.187% |
| 5 | May 31, 2010 | May 31, 2010 | May 31, 2010 | $0.0186 | 0.218% |
FAQ
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