Grandblue Environment Co., Ltd. Stock Forecast
Stronger technical forecast for Grandblue Environment Co., Ltd. stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Grandblue Environment Co., Ltd. stock price gained 0.439% on the last trading day (Tuesday, 25th Jun 2024), rising from $20.51 to $20.60. 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 2.16% from a day low at $20.36 to a day high of $20.80. The price has risen in 6 of the last 10 days and is up by 2.23% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 4 million shares were bought and sold for approximately $91.25 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 23.11% during the next 3 months and, with a 90% probability hold a price between $24.81 and $26.77 at the end of this 3-month period.
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600323.SS Signals & Forecast
Mostly positive signals in the chart today. The Grandblue Environment 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 $20.39 and $19.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 10.57%. 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 Grandblue Environment Co., Ltd. stock
Grandblue Environment Co., Ltd. finds support from accumulated volume at $19.74 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 $0.440 (2.16%) between high and low. For the last week, the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: $19.90 (-3.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (600323.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Grandblue Environment Co., Ltd. to open at $20.59, and during the day (based on 14 day Average True Range), to move between $20.09 and $21.11, which gives a possible trading interval of +/-$0.508 (+/-2.47%) up or down from last closing price. If Grandblue Environment Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $19.74, some $0.86 (4.17%) from the current price of $20.60, our system finds the risk reward attractive.
Is Grandblue Environment Co., Ltd. stock A Buy?
Grandblue Environment 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.580 Strong Buy Candidate Upgraded
Predicted Opening Price for Grandblue Environment Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $20.59 ( 0.0647%) | $20.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600323.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.03 | 2.07% |
| R2 | 20.86 | 1.26% |
| R1 | 20.75 | 0.751% |
| Price | 20.60 | |
| S1 | 20.42 | -0.88% |
| S2 | 20.31 | -1.38% |
| S3 | 20.15 | -2.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 20.60 | |
| S1 | 19.74 | -4.17% |
| S2 | 19.30 | -6.31% |
| S3 | 18.44 | -10.49% |
600323 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2023 | Jul 12, 2023 | Jul 12, 2023 | $0.220 | 1.17% |
| 2 | Jul 14, 2022 | Jul 14, 2022 | Jul 14, 2022 | $0.220 | 1.07% |
| 3 | Jul 08, 2021 | Jul 08, 2021 | Jul 08, 2021 | $0.220 | 1.07% |
| 4 | Jul 03, 2020 | Jul 03, 2020 | Jul 03, 2020 | $0.220 | 0.96% |
| 5 | Jul 17, 2019 | Jul 17, 2019 | Jul 17, 2019 | $0.200 | 1.18% |
FAQ
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