Shanxi Antai Group Co.,Ltd Stock Forecast
Stronger technical forecast for Shanxi Antai Group Co.,Ltd stock price after Friday trading.
(Updated on Jun 28, 2024)
No changes to the price of Shanxi Antai Group Co.,Ltd stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 3.21% from a day low at $1.56 to a day high of $1.61. The price has fallen in 5 of the last 10 days and is down by -7.06% for this period.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.09% during the next 3 months and, with a 90% probability hold a price between $1.14 and $1.40 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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600408.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.94%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shanxi Antai Group 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 $1.59 and $1.81. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Shanxi Antai Group Co.,Ltd stock
Shanxi Antai Group Co.,Ltd finds support from accumulated volume at $1.56 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 $0.0500 between high and low, or 3.21%. For the last week, the stock has had daily average volatility of 4.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600408.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shanxi Antai Group Co.,Ltd to open at $1.58, and during the day (based on 14 day Average True Range), to move between $1.51 and $1.65, which gives a possible trading interval of +/-$0.0750 (+/-4.75%) up or down from last closing price. If Shanxi Antai Group Co.,Ltd takes out the full calculated possible swing range there will be an estimated 9.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.56 (1.27%) than the resistance at $1.89 (19.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shanxi Antai Group Co.,Ltd stock A Buy?
Shanxi Antai Group Co.,Ltd holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.616 Sell Candidate Upgraded
Predicted Opening Price for Shanxi Antai Group Co.,Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $1.58 ( 0.211%) | $1.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600408.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.63 | 3.38% |
| R2 | 1.61 | 2.17% |
| R1 | 1.60 | 1.42% |
| Price | 1.58 | |
| S1 | 1.56 | -1.00% |
| S2 | 1.55 | -1.74% |
| S3 | 1.53 | -2.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.92 | 21.52% |
| R2 | 1.91 | 20.89% |
| R1 | 1.89 | 19.62% |
| Price | 1.58 | |
| S1 | 1.56 | -1.27% |
| S2 | 1.55 | -1.90% |
| S3 | 0 | - |
600408 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 25, 2009 | May 25, 2009 | May 25, 2009 | $0.0500 | 0.734% |
| 2 | Jul 25, 2007 | Jul 25, 2007 | Jul 25, 2007 | $0.0278 | 0.374% |
| 3 | Aug 22, 2006 | Aug 22, 2006 | Aug 22, 2006 | $0.0556 | 2.39% |
| 4 | Jun 01, 2005 | Jun 01, 2005 | Jun 01, 2005 | $0.0694 | 2.13% |
| 5 | Jul 16, 2004 | Jul 16, 2004 | Jul 16, 2004 | $0.0278 | 0.643% |
FAQ
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