Yangzhou Yaxing Motor Coach Co., Ltd. Stock Forecast
Green day on Friday for Yangzhou Yaxing Motor Coach Co., Ltd. stock after gaining 1.24%
(Updated on Jun 28, 2024)
The Yangzhou Yaxing Motor Coach Co., Ltd. stock price gained 1.24% on the last trading day (Friday, 28th Jun 2024), rising from $5.66 to $5.73. During the last trading day the stock fluctuated 5.42% from a day low at $5.53 to a day high of $5.83. The price has risen in 6 of the last 10 days. Volume fell on the last day by -249 thousand shares and in total, 2 million shares were bought and sold for approximately $9.70 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 very 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 -5.48% during the next 3 months and, with a 90% probability hold a price between $4.65 and $6.11 at the end of this 3-month period.
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600213.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 6.90%. 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 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. The Yangzhou Yaxing Motor Coach Co., Ltd. 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 $5.82 and $5.98. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Yangzhou Yaxing Motor Coach Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.41 and $5.31. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Yangzhou Yaxing Motor Coach Co., Ltd. finds support just below today's level at $5.41. If this is broken, then the next support from accumulated volume will be at $5.31 and $5.27.
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 $0.300 between high and low, or 5.42%. For the last week, the stock has had daily average volatility of 5.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600213.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Yangzhou Yaxing Motor Coach Co., Ltd. to open at $5.70, and during the day (based on 14 day Average True Range), to move between $5.43 and $6.03, which gives a possible trading interval of +/-$0.298 (+/-5.19%) up or down from last closing price. If Yangzhou Yaxing Motor Coach Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.81 (1.40%) than the support at $5.41 (5.58%), 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 Yangzhou Yaxing Motor Coach Co., Ltd. stock A Buy?
Yangzhou Yaxing Motor Coach Co., Ltd. holds several negative signals and is within a very 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: -4.324 Sell Candidate Unchanged
Predicted Opening Price for Yangzhou Yaxing Motor Coach Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $5.70 ( 0.582%) | $5.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600213.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.00 | 4.65% |
| R2 | 5.88 | 2.65% |
| R1 | 5.81 | 1.42% |
| Price | 5.73 | |
| S1 | 5.58 | -2.58% |
| S2 | 5.51 | -3.82% |
| S3 | 5.40 | -5.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.81 | 18.85% |
| R2 | 5.87 | 2.44% |
| R1 | 5.81 | 1.40% |
| Price | 5.73 | |
| S1 | 5.41 | -5.58% |
| S2 | 5.31 | -7.33% |
| S3 | 5.27 | -8.03% |
600213 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 18, 2003 | Jun 18, 2003 | Jun 18, 2003 | $0.0600 | 0.722% |
| 2 | Aug 06, 2002 | Aug 06, 2002 | Aug 06, 2002 | $0.120 | 1.12% |
| 3 | Jul 13, 2001 | Jul 13, 2001 | Jul 13, 2001 | $0.150 | 1.12% |
| 4 | Jul 17, 2000 | Jul 17, 2000 | Jul 17, 2000 | $0.200 | 1.73% |
FAQ
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