Guodian Nanjing Automation Co., Ltd. Stock Forecast
Evaluation of Guodian Nanjing Automation Co., Ltd. stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Guodian Nanjing Automation Co., Ltd. stock price fell by -1.01% on the last day (Tuesday, 25th Jun 2024) from $6.96 to $6.89. During the last trading day the stock fluctuated 2.49% from a day low at $6.84 to a day high of $7.01. The price has risen in 5 of the last 10 days but is still down by -3.64% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 15 million shares were bought and sold for approximately $101.00 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.77 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.18% during the next 3 months and, with a 90% probability hold a price between $7.06 and $8.25 at the end of this 3-month period.
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600268.SS Signals & Forecast
There are few to no technical positive signals at the moment. The Guodian Nanjing Automation Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $7.23 and $7.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -11.89%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Guodian Nanjing Automation Co., Ltd. stock
Guodian Nanjing Automation Co., Ltd. finds support from accumulated volume at $6.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.170 between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 2.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600268.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Guodian Nanjing Automation Co., Ltd. to open at $6.91, and during the day (based on 14 day Average True Range), to move between $6.61 and $7.17, which gives a possible trading interval of +/-$0.276 (+/-4.00%) up or down from last closing price. If Guodian Nanjing Automation Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.82 (1.02%) than the resistance at $7.20 (4.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guodian Nanjing Automation Co., Ltd. stock A Buy?
The Guodian Nanjing Automation Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Guodian Nanjing Automation Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.337 Sell Candidate Downgraded
Predicted Opening Price for Guodian Nanjing Automation Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $6.91 ( 0.339%) | $6.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600268.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.08 | 2.81% |
| R2 | 7.02 | 1.86% |
| R1 | 6.98 | 1.28% |
| Price | 6.89 | |
| S1 | 6.85 | -0.604% |
| S2 | 6.81 | -1.19% |
| S3 | 6.74 | -2.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.82 | 13.50% |
| R2 | 7.53 | 9.29% |
| R1 | 7.20 | 4.50% |
| Price | 6.89 | |
| S1 | 6.82 | -1.02% |
| S2 | 6.80 | -1.31% |
| S3 | 6.72 | -2.47% |
600268 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jun 28, 2024 | $0.0900 | 1.30% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | $0.0700 | 1.00% |
| 3 | May 27, 2022 | May 27, 2022 | May 27, 2022 | $0.120 | 1.90% |
| 4 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | $0.0500 | 0.93% |
| 5 | Jun 12, 2020 | Jun 12, 2020 | Jun 12, 2020 | $0.0500 | 0.739% |
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