Aeolus Tyre Co., Ltd. Stock Forecast
Aeolus Tyre Co., Ltd. stock upgraded from Sell Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Aeolus Tyre Co., Ltd. stock price gained 3.89% on the last trading day (Tuesday, 25th Jun 2024), rising from $5.66 to $5.88. During the last trading day the stock fluctuated 5.98% from a day low at $5.69 to a day high of $6.03. The price has been going up and down for this period, and there has been a 8.29% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 million more shares were traded than the day before. In total, 21 million shares were bought and sold for approximately $121.11 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Aeolus Tyre Co., Ltd. stock with a 90% probability to be traded between $5.32 and $6.10 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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600469.SS Signals & Forecast
Mostly positive signals in the chart today. The Aeolus Tyre Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.83 and $5.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 8.29%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Aeolus Tyre Co., Ltd. stock
Aeolus Tyre Co., Ltd. finds support from accumulated volume at $5.86 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 $0.340 between high and low, or 5.98%. For the last week, the stock has had daily average volatility of 4.07%.
Our recommended stop-loss: $5.66 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (600469.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Aeolus Tyre Co., Ltd. to open at $5.87, and during the day (based on 14 day Average True Range), to move between $5.67 and $6.09, which gives a possible trading interval of +/-$0.207 (+/-3.53%) up or down from last closing price. If Aeolus Tyre Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.86 (0.34%) than the resistance at $6.03 (2.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aeolus Tyre Co., Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Aeolus Tyre Co., Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.139 Buy Candidate Upgraded
Predicted Opening Price for Aeolus Tyre Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $5.87 ( 0.227%) | $5.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600469.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.21 | 5.56% |
| R2 | 6.08 | 3.35% |
| R1 | 6.00 | 1.98% |
| Price | 5.88 | |
| S1 | 5.74 | -2.44% |
| S2 | 5.66 | -3.80% |
| S3 | 5.53 | -6.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.16 | 4.76% |
| R2 | 6.15 | 4.59% |
| R1 | 6.03 | 2.55% |
| Price | 5.88 | |
| S1 | 5.86 | -0.340% |
| S2 | 5.84 | -0.680% |
| S3 | 5.68 | -3.40% |
600469 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 07, 2024 | $0.170 | 3.11% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | $0.0500 | 0.774% |
| 3 | Jul 14, 2022 | Jul 14, 2022 | Jul 14, 2022 | $0.0200 | 0.444% |
| 4 | Jul 15, 2021 | Jul 15, 2021 | Jul 15, 2021 | $0.0600 | 1.27% |
| 5 | May 22, 2020 | May 22, 2020 | May 22, 2020 | $0.0500 | 1.10% |
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