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AI Analysis of 600372.SS
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China Avionics Systems Co.,Ltd. stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)

Hold candidate since Jun 25, 2024 PDF

The China Avionics Systems Co.,Ltd. stock price fell by -1.11% on the last day (Tuesday, 25th Jun 2024) from $11.68 to $11.55. During the last trading day the stock fluctuated 2.62% from a day low at $11.47 to a day high of $11.77. The price has fallen in 6 of the last 10 days and is down by -5.33% for this period. 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 -7 million shares and in total, 21 million shares were bought and sold for approximately $237.90 million.

Given the current short-term trend, the stock is expected to rise 5.83% during the next 3 months and, with a 90% probability hold a price between $12.22 and $13.81 at the end of this 3-month period.

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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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $12.00 and $12.16. 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 -8.77%. 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 China Avionics Systems Co.,Ltd. stock

China Avionics Systems Co.,Ltd. finds support from accumulated volume at $11.37 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 $0.300 between high and low, or 2.62%. For the last week the stock has had daily average volatility of 2.23%.

Our recommended stop-loss: $10.81 (-6.40%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 46 days ago.)

Trading Expectations (600372.SS) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect China Avionics Systems Co.,Ltd. to open at $11.60, and during the day (based on 14 day Average True Range), to move between $11.29 and $11.81, which gives a possible trading interval of +/-$0.264 (+/-2.29%) 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 4.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.37 (1.56%) than the resistance at $11.96 (3.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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: -0.252 Hold/Accumulate Upgraded

Predicted Opening Price for China Avionics Systems Co.,Ltd. of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
$11.60 ( 0.404%) $11.55

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 11.90 3.00%
R2 11.78 2.01%
R1 11.71 1.40%
Price 11.55
S1 11.48 -0.588%
S2 11.41 -1.20%
S3 11.30 -2.19%

Accumulated Volume Support & Resistance Levels

Level Price
R3 12.32 6.67%
R2 12.10 4.76%
R1 11.96 3.55%
Price 11.55
S1 11.37 -1.56%
S2 11.27 -2.42%
S3 11.00 -4.76%

600372 Dividend Payout History


# Declaration Date 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

What is the symbol for China Avionics Systems Co.,Ltd. Stock and on which exchange is it traded?
The symbol for China Avionics Systems Co.,Ltd. is 600372.SS and it is traded on the SHH (Shanghai Stock Exchange).

Should I buy or sell China Avionics Systems Co.,Ltd. Stock?
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.

How to buy China Avionics Systems Co.,Ltd. Stock?
China Avionics Systems Co.,Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy China Avionics Systems Co.,Ltd. Stock.

What's the current price of China Avionics Systems Co.,Ltd. Stock?
As of the end of day on the Jun 25, 2024, the price of an China Avionics Systems Co.,Ltd. (600372.SS) share was $11.55.

What is the 52-week high and low for China Avionics Systems Co.,Ltd. Stock?
The 52-week high for China Avionics Systems Co.,Ltd. Stock is $15.80 and the 52-week low is $9.81.

What is the market capitalization of China Avionics Systems Co.,Ltd. Stock?
As of the Jun 25, 2024, the market capitalization of China Avionics Systems Co.,Ltd. is 56.518B.
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