Guangxi Guidong Electric Power Co., Ltd. Stock Forecast
Evaluation of Guangxi Guidong Electric Power Co., Ltd. stock downgraded after the last trading session.
(Updated on Jun 20, 2024)
The Guangxi Guidong Electric Power Co., Ltd. stock price fell by -3.59% on the last day (Thursday, 20th Jun 2024) from $3.62 to $3.49. During the last trading day the stock fluctuated 3.45% from a day low at $3.48 to a day high of $3.60. The price has fallen in 6 of the last 10 days and is down by -5.68% for this period. Volume has increased on the last day by 5 million 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, 40 million shares were bought and sold for approximately $138.76 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.47 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 14.59% during the next 3 months and, with a 90% probability hold a price between $3.98 and $5.49 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.
600310.SS Signals & Forecast
There are few to no technical positive signals at the moment. The Guangxi Guidong Electric Power 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 $3.72 and $3.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -24.78%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Guangxi Guidong Electric Power Co., Ltd. stock
Guangxi Guidong Electric Power Co., Ltd. finds support from accumulated volume at $3.48 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 $0.120 between high and low, or 3.45%. For the last week, the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600310.SS) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Guangxi Guidong Electric Power Co., Ltd. to open at $3.52, and during the day (based on 14 day Average True Range), to move between $3.28 and $3.70, which gives a possible trading interval of +/-$0.207 (+/-5.95%) up or down from last closing price. If Guangxi Guidong Electric Power Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.48 (0.29%) than the resistance at $3.65 (4.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangxi Guidong Electric Power Co., Ltd. stock A Buy?
The Guangxi Guidong Electric Power Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Guangxi Guidong Electric Power 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 Sell to a Strong Sell candidate.
Current score: -5.063 Strong Sell Candidate Downgraded
Predicted Opening Price for Guangxi Guidong Electric Power Co., Ltd. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $3.52 ( 0.96%) | $3.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600310.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.64 | 4.39% |
| R2 | 3.60 | 3.08% |
| R1 | 3.57 | 2.27% |
| Price | 3.49 | |
| S1 | 3.48 | -0.358% |
| S2 | 3.45 | -1.17% |
| S3 | 3.40 | -2.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.31 | 23.50% |
| R2 | 4.22 | 20.92% |
| R1 | 3.65 | 4.58% |
| Price | 3.49 | |
| S1 | 3.48 | -0.287% |
| S2 | 3.45 | -1.15% |
| S3 | 3.18 | -8.88% |
600310 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 17, 2024 | Jun 17, 2024 | Jun 17, 2024 | $0.0300 | 0.81% |
| 2 | May 23, 2022 | May 23, 2022 | May 23, 2022 | $0.0200 | 0.608% |
| 3 | May 24, 2021 | May 24, 2021 | May 24, 2021 | $0.0625 | 1.75% |
| 4 | Jun 18, 2020 | Jun 18, 2020 | Jun 18, 2020 | $0.0500 | 1.56% |
| 5 | Jun 05, 2019 | Jun 05, 2019 | Jun 05, 2019 | $0.0208 | 0.511% |
FAQ
Click here for our free guide on how to buy Guangxi Guidong Electric Power Co., Ltd. Stock.
