Aeolus Tyre Co., Ltd. Stock Forecast
Stronger technical forecast for Aeolus Tyre Co., Ltd. stock price after Friday trading.
(Updated on Jun 28, 2024)
The Aeolus Tyre Co., Ltd. stock price gained 1.04% on the last trading day (Friday, 28th Jun 2024), rising from $5.78 to $5.84. During the last trading day the stock fluctuated 4.40% from a day low at $5.68 to a day high of $5.93. The price has been going up and down for this period, and there has been a -1.02% loss for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 13 million shares were bought and sold for approximately $76.61 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -2.79% during the next 3 months and, with a 90% probability hold a price between $4.97 and $5.98 at the end of this 3-month period.
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600469.SS Signals & Forecast
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 $5.82 and $5.80. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -1.35%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Aeolus Tyre Co., Ltd. stock
Aeolus Tyre Co., Ltd. finds support from accumulated volume at $5.78 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 $0.250 between high and low, or 4.40%. For the last week, the stock has had daily average volatility of 4.70%.
Our recommended stop-loss: $5.64 (-3.43%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (600469.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Aeolus Tyre Co., Ltd. to open at $5.82, and during the day (based on 14 day Average True Range), to move between $5.63 and $6.05, which gives a possible trading interval of +/-$0.211 (+/-3.62%) 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 7.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.88 (0.68%) than the support at $5.78 (1.03%), 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 Aeolus Tyre Co., Ltd. stock A Buy?
Aeolus Tyre Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.400 Hold/Accumulate Upgraded
Predicted Opening Price for Aeolus Tyre Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $5.82 ( 0.400%) | $5.84 |
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 | 6.07 | 3.88% |
| R2 | 5.97 | 2.25% |
| R1 | 5.91 | 1.24% |
| Price | 5.84 | |
| S1 | 5.72 | -2.03% |
| S2 | 5.66 | -3.05% |
| S3 | 5.57 | -4.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.15 | 5.31% |
| R2 | 6.03 | 3.25% |
| R1 | 5.88 | 0.685% |
| Price | 5.84 | |
| S1 | 5.78 | -1.03% |
| S2 | 5.68 | -2.74% |
| S3 | 5.26 | -9.93% |
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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