Minmetals Capital Company Limited Stock Forecast
Minmetals Capital Company Limited stock price ended at $4.05 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of Minmetals Capital Company Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 2.23% from a day low at $4.03 to a day high of $4.12. The price has fallen in 6 of the last 10 days and is down by -6.47% for this period.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.04 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.62% during the next 3 months and, with a 90% probability hold a price between $3.61 and $3.95 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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600390.SS Signals & Forecast
There are mixed signals in the stock today. The Minmetals Capital Company Limited 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 $4.13 and $4.39. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Support, Risk & Stop-loss for Minmetals Capital Company Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0900 between high and low, or 2.23%. For the last week, the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600390.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Minmetals Capital Company Limited to open at $4.07, and during the day (based on 14 day Average True Range), to move between $3.96 and $4.14, which gives a possible trading interval of +/-$0.0871 (+/-2.15%) up or down from last closing price. If Minmetals Capital Company Limited takes out the full calculated possible swing range there will be an estimated 4.30% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $4.29, some $0.240 (5.93%) from the current price of $4.05, our system finds the risk reward not very attractive.
Is Minmetals Capital Company Limited stock A Buy?
Minmetals Capital Company Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.666 Sell Candidate Unchanged
Predicted Opening Price for Minmetals Capital Company Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$4.07 ( 0.412%) | $4.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600390.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.16 | 2.63% |
R2 | 4.12 | 1.78% |
R1 | 4.10 | 1.26% |
Price | 4.05 | |
S1 | 4.03 | -0.437% |
S2 | 4.01 | -0.96% |
S3 | 3.98 | -1.81% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.65 | 14.81% |
R2 | 4.38 | 8.15% |
R1 | 4.29 | 5.93% |
Price | 4.05 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
600390 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 11, 2023 | Oct 11, 2023 | Oct 11, 2023 | $0.0960 | 1.90% |
2 | Sep 27, 2022 | Sep 27, 2022 | Sep 27, 2022 | $0.135 | 2.94% |
3 | Sep 27, 2021 | Sep 27, 2021 | Sep 27, 2021 | $0.248 | 4.30% |
4 | Jun 21, 2021 | Jun 21, 2021 | Jun 21, 2021 | $0.104 | 1.74% |
5 | Sep 28, 2020 | Sep 28, 2020 | Sep 28, 2020 | $0.0790 | 1.11% |
FAQ
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