Jiangxi Ganyue Expressway CO.,LTD. Stock Forecast
Green day on Thursday for Jiangxi Ganyue Expressway CO.,LTD. stock after gaining 0.391%
(Updated on Jun 20, 2024)
The Jiangxi Ganyue Expressway CO.,LTD. stock price gained 0.391% on the last trading day (Thursday, 20th Jun 2024), rising from $5.12 to $5.14. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.99% from a day low at $5.02 to a day high of $5.17. The price has risen in 5 of the last 10 days and is up by 4.9% over the past 2 weeks. Volume fell on the last day by -7 million shares and in total, 25 million shares were bought and sold for approximately $127.17 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 strong 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 10.29% during the next 3 months and, with a 90% probability hold a price between $5.36 and $5.78 at the end of this 3-month period.
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600269.SS Signals & Forecast
Mostly positive signals in the chart today. The Jiangxi Ganyue Expressway CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $4.98 and $4.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 12.23%. 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.
Support, Risk & Stop-loss for Jiangxi Ganyue Expressway CO.,LTD. stock
Jiangxi Ganyue Expressway CO.,LTD. finds support from accumulated volume at $4.90 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 $0.150 between high and low, or 2.99%. For the last week the stock has had daily average volatility of 3.45%.
Our recommended stop-loss: $4.97 (-3.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (600269.SS) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Jiangxi Ganyue Expressway CO.,LTD. to open at $5.11, and during the day (based on 14 day Average True Range), to move between $5.01 and $5.27, which gives a possible trading interval of +/-$0.133 (+/-2.59%) up or down from last closing price. If Jiangxi Ganyue Expressway CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $4.90, some $0.240 (4.67%) from the current price of $5.14, our system finds the risk reward attractive.
Is Jiangxi Ganyue Expressway CO.,LTD. stock A Buy?
Jiangxi Ganyue Expressway CO.,LTD. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.738 Strong Buy Candidate Unchanged
Predicted Opening Price for Jiangxi Ganyue Expressway CO.,LTD. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $5.11 ( 0.584%) | $5.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600269.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.26 | 2.33% |
| R2 | 5.20 | 1.22% |
| R1 | 5.17 | 0.531% |
| Price | 5.14 | |
| S1 | 5.05 | -1.70% |
| S2 | 5.02 | -2.39% |
| S3 | 4.96 | -3.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 5.14 | |
| S1 | 4.90 | -4.67% |
| S2 | 4.89 | -4.86% |
| S3 | 4.88 | -5.06% |
600269 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 25, 2023 | Aug 25, 2023 | Aug 25, 2023 | $0.100 | 2.65% |
| 2 | Jul 22, 2022 | Jul 22, 2022 | Jul 22, 2022 | $0.120 | 3.38% |
| 3 | May 14, 2021 | May 14, 2021 | May 14, 2021 | $0.200 | 5.71% |
| 4 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | $0.150 | 4.19% |
| 5 | Jun 13, 2019 | Jun 13, 2019 | Jun 13, 2019 | $0.100 | 2.28% |
FAQ
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