Xinjiang Guannong Fruit & Antler Stock Forecast
Green day on Friday for Xinjiang Guannong Fruit & Antler stock after gaining 1.12%
(Updated on Jun 28, 2024)
The Xinjiang Guannong Fruit & Antler stock price gained 1.12% on the last trading day (Friday, 28th Jun 2024), rising from $7.16 to $7.24. During the last trading day the stock fluctuated 2.53% from a day low at $7.12 to a day high of $7.30. The price has fallen in 6 of the last 10 days and is down by -7.54% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 263 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $30.85 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 $7.14 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.31% during the next 3 months and, with a 90% probability hold a price between $6.19 and $7.28 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
600251.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.12%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Xinjiang Guannong Fruit & Antler 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 $7.28 and $8.24. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Xinjiang Guannong Fruit & Antler stock
Xinjiang Guannong Fruit & Antler finds support from accumulated volume at $7.20 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 $0.180 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 2.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600251.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xinjiang Guannong Fruit & Antler Co.,Ltd. to open at $7.22, and during the day (based on 14 day Average True Range), to move between $7.05 and $7.43, which gives a possible trading interval of +/-$0.192 (+/-2.65%) up or down from last closing price. If Xinjiang Guannong Fruit & Antler Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.20 (0.55%) than the resistance at $8.43 (16.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xinjiang Guannong Fruit & Antler Co.,Ltd. stock A Buy?
Xinjiang Guannong Fruit & Antler 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: -1.825 Sell Candidate Unchanged
Predicted Opening Price for Xinjiang Guannong Fruit & Antler Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $7.22 ( 0.276%) | $7.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600251.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.40 | 2.21% |
| R2 | 7.33 | 1.26% |
| R1 | 7.29 | 0.673% |
| Price | 7.24 | |
| S1 | 7.15 | -1.23% |
| S2 | 7.11 | -1.81% |
| S3 | 7.04 | -2.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.88 | 22.65% |
| R2 | 8.71 | 20.30% |
| R1 | 8.43 | 16.44% |
| Price | 7.24 | |
| S1 | 7.20 | -0.552% |
| S2 | 7.17 | -0.97% |
| S3 | 7.16 | -1.10% |
600251 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jun 13, 2024 | $0.460 | 5.95% |
| 2 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | $0.184 | 2.07% |
| 3 | Jun 15, 2022 | Jun 15, 2022 | Jun 15, 2022 | $0.0400 | 0.381% |
| 4 | Jun 15, 2021 | Jun 15, 2021 | Jun 15, 2021 | $0.0350 | 0.472% |
| 5 | Jun 12, 2019 | Jun 12, 2019 | Jun 12, 2019 | $0.0130 | 0.177% |
FAQ
Click here for our free guide on how to buy Xinjiang Guannong Fruit & Antler Co.,Ltd. Stock.
