Beijing Hualian Hypermarket Co., Ltd. Stock Forecast
High volatility in Beijing Hualian Hypermarket Co., Ltd. stock price on Friday which ended trading at $4.03
(Updated on Jun 28, 2024)
The Beijing Hualian Hypermarket Co., Ltd. stock price gained 8.04% on the last trading day (Friday, 28th Jun 2024), rising from $3.73 to $4.03. 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 11.63% from a day low at $3.61 to a day high of $4.03. The price has been going up and down for this period, and there has been a 7.75% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 27 million more shares were traded than the day before. In total, 77 million shares were bought and sold for approximately $311.58 million.
Given the current short-term trend, the stock is expected to fall -18.71% during the next 3 months and, with a 90% probability hold a price between $2.73 and $3.28 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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600361.SS Signals & Forecast
Mostly positive signals in the chart today. The Beijing Hualian Hypermarket Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3.62 and $3.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 18.18%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Beijing Hualian Hypermarket Co., Ltd. stock
Beijing Hualian Hypermarket Co., Ltd. finds support from accumulated volume at $3.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.420 between high and low, or 11.63%. For the last week, the stock has had daily average volatility of 5.92%.
Our recommended stop-loss: $3.87 (-3.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (600361.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Beijing Hualian Hypermarket Co., Ltd. to open at $3.89, and during the day (based on 14 day Average True Range), to move between $3.88 and $4.18, which gives a possible trading interval of +/-$0.145 (+/-3.61%) up or down from last closing price. If Beijing Hualian Hypermarket Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.98 (1.24%) than the resistance at $4.71 (16.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beijing Hualian Hypermarket Co., Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.391 Buy Candidate Upgraded
Predicted Opening Price for Beijing Hualian Hypermarket Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $3.89 ( 3.47%) | $4.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600361.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.31 | 6.95% |
| R2 | 4.15 | 2.97% |
| R1 | 4.05 | 0.507% |
| Price | 4.03 | |
| S1 | 3.73 | -7.46% |
| S2 | 3.63 | -9.91% |
| S3 | 3.47 | -13.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.88 | 21.09% |
| R2 | 4.84 | 20.10% |
| R1 | 4.71 | 16.87% |
| Price | 4.03 | |
| S1 | 3.98 | -1.24% |
| S2 | 3.83 | -4.96% |
| S3 | 3.73 | -7.44% |
600361 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jun 28, 2024 | $0.0700 | 1.74% |
| 2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | $0.0600 | 1.18% |
| 3 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | $0.0800 | 2.24% |
| 4 | Jul 13, 2020 | Jul 13, 2020 | Jul 13, 2020 | $0.0700 | 1.26% |
| 5 | Jul 09, 2019 | Jul 09, 2019 | Jul 09, 2019 | $0.0700 | 1.77% |
FAQ
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