Tibet Tianlu Co., Ltd. Stock Forecast
Tibet Tianlu Co., Ltd. stock price down 0.668% on Wednesday
(Updated on Jun 26, 2024)
The Tibet Tianlu Co., Ltd. stock price fell by -0.668% on the last day (Wednesday, 26th Jun 2024) from $4.49 to $4.46. During the last trading day the stock fluctuated 5.65% from a day low at $4.25 to a day high of $4.49. The price has been going up and down for this period, and there has been a 14.07% gain for the last 2 weeks. 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 -11 million shares and in total, 46 million shares were bought and sold for approximately $203.93 million.
The stock lies in the middle of a very wide and 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 15.04% during the next 3 months and, with a 90% probability hold a price between $4.28 and $6.13 at the end of this 3-month period.
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600326.SS Signals & Forecast
The Tibet Tianlu 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 $4.37 and $4.35. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -11.33%. Further fall is indicated until a new bottom pivot has been found. 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 Tibet Tianlu Co., Ltd. stock
Tibet Tianlu Co., Ltd. finds support from accumulated volume at $4.40 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 $0.240 between high and low, or 5.65%. For the last week, the stock has had daily average volatility of 6.88%.
Our recommended stop-loss: $4.20 (-5.78%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (600326.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Tibet Tianlu Co., Ltd. to open at $4.40, and during the day (based on 14 day Average True Range), to move between $4.20 and $4.72, which gives a possible trading interval of +/-$0.263 (+/-5.90%) up or down from last closing price. If Tibet Tianlu Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.49 (0.67%) than the support at $4.40 (1.35%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Tibet Tianlu Co., Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tibet Tianlu Co., Ltd. stock to perform well in the short-term.
Current score: 1.495 Buy Candidate Unchanged
Predicted Opening Price for Tibet Tianlu Co., Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $4.40 ( 1.35%) | $4.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600326.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.64 | 4.04% |
| R2 | 4.55 | 1.98% |
| R1 | 4.49 | 0.710% |
| Price | 4.46 | |
| S1 | 4.31 | -3.40% |
| S2 | 4.25 | -4.67% |
| S3 | 4.16 | -6.73% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.03 | 12.78% |
| R2 | 4.58 | 2.69% |
| R1 | 4.49 | 0.673% |
| Price | 4.46 | |
| S1 | 4.40 | -1.35% |
| S2 | 4.33 | -2.91% |
| S3 | 3.94 | -11.66% |
600326 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2022 | Jul 15, 2022 | Jul 15, 2022 | $0.0800 | 1.90% |
| 2 | Jul 30, 2021 | Jul 30, 2021 | Jul 30, 2021 | $0.0800 | 1.64% |
| 3 | Jul 17, 2020 | Jul 17, 2020 | Jul 17, 2020 | $0.0800 | 1.24% |
| 4 | Jun 20, 2019 | Jun 20, 2019 | Jun 20, 2019 | $0.0800 | 1.34% |
| 5 | May 25, 2018 | May 25, 2018 | May 25, 2018 | $0.0800 | 1.38% |
FAQ
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