Shan Xi Huayang Group New Energy Stock Forecast
Shan Xi Huayang Group New Energy stock price down 0.0951% on Thursday
(Updated on Jun 20, 2024)
The Shan Xi Huayang Group New Energy stock price fell by -0.0951% on the last day (Thursday, 20th Jun 2024) from $10.52 to $10.51. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 1.72% from a day low at $10.49 to a day high of $10.67. The price has fallen in 7 of the last 10 days and is down by -2.05% for this period. Volume has increased on the last day by 4 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, 23 million shares were bought and sold for approximately $240.31 million.
The stock lies in the lower part of a 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 $10.32 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 18.35% during the next 3 months and, with a 90% probability hold a price between $12.22 and $13.91 at the end of this 3-month period.
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600348.SS Signals & Forecast
There are few to no technical positive signals at the moment. The Shan Xi Huayang Group New Energy 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 $10.76 and $10.56. 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 -6.91%. 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. The stock had a Golden Star Signal on Tuesday, May 07, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, May 07, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Shan Xi Huayang Group New Energy stock
Shan Xi Huayang Group New Energy finds support from accumulated volume at $10.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.180 between high and low, or 1.72%. For the last week the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600348.SS) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Shan Xi Huayang Group New Energy Co.,Ltd. to open at $10.56, and during the day (based on 14 day Average True Range), to move between $10.23 and $10.79, which gives a possible trading interval of +/-$0.285 (+/-2.71%) up or down from last closing price. If Shan Xi Huayang Group New Energy Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.85 (3.24%) than the support at $10.16 (3.33%), 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 Shan Xi Huayang Group New Energy Co.,Ltd. stock A Buy?
The Shan Xi Huayang Group New Energy stock holds several negative signals and despite the positive trend, we believe Shan Xi Huayang Group New Energy will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.257 Sell Candidate Unchanged
Predicted Opening Price for Shan Xi Huayang Group New Energy Co.,Ltd. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $10.56 ( 0.444%) | $10.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600348.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.74 | 2.16% |
| R2 | 10.67 | 1.50% |
| R1 | 10.63 | 1.10% |
| Price | 10.51 | |
| S1 | 10.49 | -0.210% |
| S2 | 10.45 | -0.614% |
| S3 | 10.38 | -1.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.99 | 4.57% |
| R2 | 10.93 | 4.00% |
| R1 | 10.85 | 3.24% |
| Price | 10.51 | |
| S1 | 10.16 | -3.33% |
| S2 | 10.15 | -3.43% |
| S3 | 9.74 | -7.33% |
600348 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | $0.88 | 10.89% |
| 2 | Jul 13, 2022 | Jul 13, 2022 | Jul 13, 2022 | $0.500 | 5.17% |
| 3 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | $0.250 | 5.43% |
| 4 | Jun 01, 2020 | Jun 01, 2020 | Jun 01, 2020 | $0.280 | 9.89% |
| 5 | Jul 08, 2019 | Jul 08, 2019 | Jul 08, 2019 | $0.280 | 7.67% |
FAQ
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