Guangxi Guidong Electric Power Co., Ltd. Stock Forecast
Guangxi Guidong Electric Power Co., Ltd. stock price down 2.56% on Tuesday
(Updated on Jun 25, 2024)
The Guangxi Guidong Electric Power Co., Ltd. stock price fell by -2.56% on the last day (Tuesday, 25th Jun 2024) from $3.52 to $3.43. During the last trading day the stock fluctuated 2.35% from a day low at $3.41 to a day high of $3.49. The price has fallen in 6 of the last 10 days and is down by -6.03% 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 -20 million shares and in total, 27 million shares were bought and sold for approximately $92.10 million.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $3.44. A reaction back to this level may hold a second chance to get out before further falls.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
600310.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.292%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. 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 $3.56 and $3.67. 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). 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 Guangxi Guidong Electric Power Co., Ltd. stock
Guangxi Guidong Electric Power Co., Ltd. finds support from accumulated volume at $3.42 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 $0.0800 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 3.90%.
Our recommended stop-loss: $3.21 (-6.35%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (600310.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Guangxi Guidong Electric Power Co., Ltd. to open at $3.44, and during the day (based on 14 day Average True Range), to move between $3.23 and $3.63, which gives a possible trading interval of +/-$0.198 (+/-5.76%) 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 11.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.42 (0.29%) than the resistance at $3.65 (6.41%), 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?
Guangxi Guidong Electric Power Co., Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.982 Hold/Accumulate Unchanged
Predicted Opening Price for Guangxi Guidong Electric Power Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $3.44 ( 0.389%) | $3.43 |
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 | 3.52 | 2.72% |
| R2 | 3.49 | 1.83% |
| R1 | 3.47 | 1.28% |
| Price | 3.43 | |
| S1 | 3.41 | -0.502% |
| S2 | 3.39 | -1.05% |
| S3 | 3.36 | -1.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.22 | 23.03% |
| R2 | 3.89 | 13.41% |
| R1 | 3.65 | 6.41% |
| Price | 3.43 | |
| S1 | 3.42 | -0.292% |
| S2 | 3.36 | -2.04% |
| S3 | 3.18 | -7.29% |
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.
