China Avionics Systems Co.,Ltd. Stock Forecast
China Avionics Systems Co.,Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Jun 20, 2024)
The China Avionics Systems Co.,Ltd. stock price fell by -1.97% on the last day (Thursday, 20th Jun 2024) from $12.19 to $11.95. During the last trading day the stock fluctuated 2.26% from a day low at $11.95 to a day high of $12.22. The price has fallen in 5 of the last 10 days and is down by -2.37% 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, 25 million shares were bought and sold for approximately $294.37 million.
The stock lies in the middle of a wide and weak 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 6.80% during the next 3 months and, with a 90% probability hold a price between $12.40 and $13.96 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
600372.SS Signals & Forecast
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. The China Avionics Systems Co.,Ltd. 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 $12.25 and $12.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -5.61%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 with a target of $11.91. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for China Avionics Systems Co.,Ltd. stock
China Avionics Systems Co.,Ltd. finds support from accumulated volume at $11.78 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 $0.270 between high and low, or 2.26%. For the last week the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: $11.35 (-5.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (600372.SS) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect China Avionics Systems Co.,Ltd. to open at $12.04, and during the day (based on 14 day Average True Range), to move between $11.69 and $12.21, which gives a possible trading interval of +/-$0.258 (+/-2.16%) up or down from last closing price. If China Avionics Systems Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.96 (0.08%) than the support at $11.78 (1.42%), 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 China Avionics Systems Co.,Ltd. stock A Buy?
China Avionics Systems 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.889 Hold/Accumulate Upgraded
Predicted Opening Price for China Avionics Systems Co.,Ltd. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $12.04 ( 0.753%) | $11.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600372.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.31 | 3.01% |
| R2 | 12.21 | 2.15% |
| R1 | 12.14 | 1.62% |
| Price | 11.95 | |
| S1 | 11.94 | -0.110% |
| S2 | 11.87 | -0.643% |
| S3 | 11.77 | -1.51% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.32 | 3.10% |
| R2 | 12.10 | 1.26% |
| R1 | 11.96 | 0.0837% |
| Price | 11.95 | |
| S1 | 11.78 | -1.42% |
| S2 | 11.37 | -4.85% |
| S3 | 11.00 | -7.95% |
600372 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 14, 2024 | $0.126 | 1.02% |
| 2 | Sep 27, 2023 | Sep 27, 2023 | Sep 27, 2023 | $0.118 | 0.83% |
| 3 | Jun 27, 2022 | Jun 27, 2022 | Jun 27, 2022 | $0.125 | 0.646% |
| 4 | Aug 23, 2021 | Aug 23, 2021 | Aug 23, 2021 | $0.100 | 0.513% |
| 5 | Aug 17, 2020 | Aug 17, 2020 | Aug 17, 2020 | $0.0600 | 0.288% |
FAQ
Click here for our free guide on how to buy China Avionics Systems Co.,Ltd. Stock.
