Hubei Geoway Investment Co.,Ltd. Stock Forecast
Hubei Geoway Investment Co.,Ltd. stock price down 3.13% on Friday
(Updated on Jun 28, 2024)
The Hubei Geoway Investment Co.,Ltd. stock price fell by -3.13% on the last day (Friday, 28th Jun 2024) from $1.28 to $1.24. During the last trading day the stock fluctuated 5.69% from a day low at $1.23 to a day high of $1.30. The price has risen in 6 of the last 10 days and is up by 13.76% over the past 2 weeks. 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 -5 million shares and in total, 10 million shares were bought and sold for approximately $11.87 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.28 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -34.13% during the next 3 months and, with a 90% probability hold a price between $0.450 and $0.84 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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600462.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 Hubei Geoway Investment 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 $1.28 and $1.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -7.46%. 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 Hubei Geoway Investment Co.,Ltd. stock
Hubei Geoway Investment Co.,Ltd. finds support from accumulated volume at $1.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0700 between high and low, or 5.69%. For the last week, the stock has had daily average volatility of 5.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600462.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Hubei Geoway Investment Co.,Ltd. to open at $1.26, and during the day (based on 14 day Average True Range), to move between $1.17 and $1.31, which gives a possible trading interval of +/-$0.0740 (+/-5.97%) up or down from last closing price. If Hubei Geoway Investment Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 11.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.25 (0.81%) than the support at $1.19 (4.03%), 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 Hubei Geoway Investment Co.,Ltd. stock A Buy?
Hubei Geoway Investment Co.,Ltd. holds several negative signals and is within a very 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.
Current score: -2.888 Sell Candidate Unchanged
Predicted Opening Price for Hubei Geoway Investment Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $1.26 ( 1.34%) | $1.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600462.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.33 | 6.99% |
| R2 | 1.30 | 4.83% |
| R1 | 1.28 | 3.50% |
| Price | 1.24 | |
| S1 | 1.23 | -0.81% |
| S2 | 1.21 | -2.14% |
| S3 | 1.19 | -4.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.46 | 17.74% |
| R2 | 1.29 | 4.03% |
| R1 | 1.25 | 0.81% |
| Price | 1.24 | |
| S1 | 1.19 | -4.03% |
| S2 | 1.13 | -8.87% |
| S3 | 0.99 | -20.16% |
600462 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 19, 2005 | Jul 19, 2005 | Jul 19, 2005 | $0.0091 | 1.37% |
| 2 | Jul 23, 2004 | Jul 23, 2004 | Jul 23, 2004 | $0.0091 | 0.723% |
FAQ
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