Orient International Enterprise, Ltd. Stock Forecast
Red day on Thursday for Orient International Enterprise, Ltd. stock after losing 2.71%
(Updated on Jul 04, 2024)
The Orient International Enterprise, Ltd. stock price fell by -2.71% on the last day (Thursday, 4th Jul 2024) from $5.53 to $5.38. During the last trading day the stock fluctuated 3.72% from a day low at $5.37 to a day high of $5.57. The price has risen in 7 of the last 10 days and is up by 1.32% over the past 2 weeks. Volume has increased on the last day by 63 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $15.97 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 -11.83% during the next 3 months and, with a 90% probability hold a price between $4.21 and $5.10 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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600278.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 4.26%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Orient International Enterprise, 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 $5.41 and $5.67. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Orient International Enterprise, Ltd. stock
Orient International Enterprise, Ltd. finds support from accumulated volume at $5.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.200 (3.72%) between high and low. For the last week, the stock has had daily average volatility of 2.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600278.SS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Orient International Enterprise, Ltd. to open at $5.44, and during the day (based on 14 day Average True Range), to move between $5.23 and $5.53, which gives a possible trading interval of +/-$0.145 (+/-2.70%) up or down from last closing price. If Orient International Enterprise, Ltd. takes out the full calculated possible swing range there will be an estimated 5.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.32 (1.12%) than the resistance at $5.47 (1.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Orient International Enterprise, Ltd. stock A Buy?
Orient International Enterprise, Ltd. 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: -3.158 Sell Candidate Unchanged
Predicted Opening Price for Orient International Enterprise, Ltd. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $5.44 ( 1.12%) | $5.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600278.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.64 | 4.83% |
| R2 | 5.56 | 3.41% |
| R1 | 5.52 | 2.54% |
| Price | 5.38 | |
| S1 | 5.36 | -0.305% |
| S2 | 5.32 | -1.18% |
| S3 | 5.24 | -2.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.18 | 14.87% |
| R2 | 6.16 | 14.50% |
| R1 | 5.47 | 1.67% |
| Price | 5.38 | |
| S1 | 5.32 | -1.12% |
| S2 | 5.31 | -1.30% |
| S3 | 5.16 | -4.09% |
600278 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | $0.126 | 1.63% |
| 2 | Aug 09, 2022 | Aug 09, 2022 | Aug 09, 2022 | $0.130 | 1.84% |
| 3 | Jul 27, 2021 | Jul 27, 2021 | Jul 27, 2021 | $0.0930 | 1.21% |
| 4 | May 22, 2020 | May 22, 2020 | May 22, 2020 | $0.0650 | 0.727% |
| 5 | Jun 27, 2019 | Jun 27, 2019 | Jun 27, 2019 | $0.0900 | 0.746% |
FAQ
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