Giti Tire Corporation Stock Forecast
Giti Tire Corporation stock price up 0.287% on Friday
(Updated on Jun 28, 2024)
The Giti Tire Corporation stock price gained 0.287% on the last trading day (Friday, 28th Jun 2024), rising from $13.92 to $13.96. During the last trading day the stock fluctuated 1.81% from a day low at $13.84 to a day high of $14.09. The price has risen in 6 of the last 10 days but is still down by -0.57% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 84 thousand more shares were traded than the day before. In total, 625 thousand shares were bought and sold for approximately $8.73 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 -5.49% during the next 3 months and, with a 90% probability hold a price between $12.70 and $14.04 at the end of this 3-month period.
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600182.SS Signals & Forecast
There are mixed signals in the stock today. The Giti Tire Corporation 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 $14.09 and $14.49. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 2.20%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Giti Tire Corporation stock
Giti Tire Corporation finds support from accumulated volume at $13.95 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 $0.250 between high and low, or 1.81%. For the last week the stock has had daily average volatility of 2.28%.
Our recommended stop-loss: $13.28 (-4.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 46 days ago.)
Trading Expectations (600182.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Giti Tire Corporation to open at $13.96, and during the day (based on 14 day Average True Range), to move between $13.65 and $14.27, which gives a possible trading interval of +/-$0.308 (+/-2.21%) up or down from last closing price. If Giti Tire Corporation takes out the full calculated possible swing range there will be an estimated 4.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.95 (0.07%) than the resistance at $14.15 (1.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Giti Tire Corporation stock A Buy?
Giti Tire Corporation 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: -0.949 Hold/Accumulate Unchanged
Predicted Opening Price for Giti Tire Corporation of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $13.96 ( 0.0239%) | $13.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600182.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.21 | 1.81% |
| R2 | 14.12 | 1.13% |
| R1 | 14.06 | 0.708% |
| Price | 13.96 | |
| S1 | 13.87 | -0.660% |
| S2 | 13.81 | -1.08% |
| S3 | 13.71 | -1.77% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.89 | 6.66% |
| R2 | 14.70 | 5.30% |
| R1 | 14.15 | 1.36% |
| Price | 13.96 | |
| S1 | 13.95 | -0.0716% |
| S2 | 13.90 | -0.430% |
| S3 | 13.66 | -2.15% |
600182 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 17, 2023 | Jul 17, 2023 | Jul 17, 2023 | $0.0350 | 0.217% |
| 2 | Jul 18, 2022 | Jul 18, 2022 | Jul 18, 2022 | $0.0350 | 0.248% |
| 3 | Jul 08, 2021 | Jul 08, 2021 | Jul 08, 2021 | $0.0550 | 0.429% |
| 4 | Aug 13, 2020 | Aug 13, 2020 | Aug 13, 2020 | $0.0790 | 0.536% |
| 5 | Jun 27, 2019 | Jun 27, 2019 | Jun 27, 2019 | $0.0800 | 0.466% |
FAQ
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