Antong Holdings Co., Ltd. Stock Forecast
Antong Holdings Co., Ltd. stock price up 0.431% on Friday
(Updated on Jun 28, 2024)
The Antong Holdings Co., Ltd. stock price gained 0.431% on the last trading day (Friday, 28th Jun 2024), rising from $2.32 to $2.33. During the last trading day the stock fluctuated 2.16% from a day low at $2.32 to a day high of $2.37. The price has fallen in 6 of the last 10 days and is down by -8.63% for this period. Volume fell on the last day by -8 million shares and in total, 24 million shares were bought and sold for approximately $57.02 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.69% during the next 3 months and, with a 90% probability hold a price between $2.32 and $2.89 at the end of this 3-month period.
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600179.SS Signals & Forecast
The Antong Holdings Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $2.39. On a fall, the stock will find some support from the long-term average at approximately $2.29. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -12.08%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Antong Holdings Co., Ltd. stock
Antong Holdings Co., Ltd. finds support from accumulated volume at $2.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0500 between high and low, or 2.16%. For the last week, the stock has had daily average volatility of 3.79%.
Our recommended stop-loss: $2.23 (-4.29%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (600179.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Antong Holdings Co., Ltd. to open at $2.34, and during the day (based on 14 day Average True Range), to move between $2.23 and $2.43, which gives a possible trading interval of +/-$0.0958 (+/-4.11%) up or down from last closing price. If Antong Holdings Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.32 (0.43%) than the resistance at $2.49 (6.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Antong Holdings Co., Ltd. stock A Buy?
Antong Holdings Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.597 Hold/Accumulate Unchanged
Predicted Opening Price for Antong Holdings Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $2.34 ( 0.429%) | $2.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600179.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.39 | 2.58% |
| R2 | 2.37 | 1.76% |
| R1 | 2.36 | 1.25% |
| Price | 2.33 | |
| S1 | 2.32 | -0.391% |
| S2 | 2.31 | -0.90% |
| S3 | 2.29 | -1.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.65 | 13.73% |
| R2 | 2.59 | 11.16% |
| R1 | 2.49 | 6.87% |
| Price | 2.33 | |
| S1 | 2.32 | -0.429% |
| S2 | 2.23 | -4.29% |
| S3 | 2.11 | -9.44% |
600179 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2018 | May 31, 2018 | May 31, 2018 | $0.0714 | 0.627% |
| 2 | Aug 10, 2001 | Aug 10, 2001 | Aug 10, 2001 | $0.0134 | 0.333% |
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