Yunnan Chihong Zinc & Germanium Co., Stock Forecast
Yunnan Chihong Zinc & Germanium Co., stock price down 0% on Tuesday
(Updated on Jun 25, 2024)
No changes to the price of Yunnan Chihong Zinc & Germanium Co., stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 1.92% from a day low at $5.21 to a day high of $5.31. The price has fallen in 5 of the last 10 days and is down by -4.55% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.25 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.60% during the next 3 months and, with a 90% probability hold a price between $5.06 and $5.73 at the end of this 3-month period.
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600497.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yunnan Chihong Zinc & Germanium Co., 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 $5.39 and $5.67. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Yunnan Chihong Zinc & Germanium Co., 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 $0.1000 between high and low, or 1.92%. For the last week, the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600497.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Yunnan Chihong Zinc & Germanium Co., Ltd. to open at $5.26, and during the day (based on 14 day Average True Range), to move between $5.08 and $5.42, which gives a possible trading interval of +/-$0.165 (+/-3.15%) up or down from last closing price. If Yunnan Chihong Zinc & Germanium Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.30% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $5.72, some $0.470 (8.95%) from the current price of $5.25, our system finds the risk reward not very attractive.
Is Yunnan Chihong Zinc & Germanium Co., Ltd. stock A Buy?
Yunnan Chihong Zinc & Germanium Co., 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.
Current score: -2.609 Sell Candidate Unchanged
Predicted Opening Price for Yunnan Chihong Zinc & Germanium Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $5.26 ( 0.127%) | $5.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600497.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.36 | 2.03% |
| R2 | 5.32 | 1.30% |
| R1 | 5.29 | 0.85% |
| Price | 5.25 | |
| S1 | 5.22 | -0.601% |
| S2 | 5.19 | -1.05% |
| S3 | 5.16 | -1.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.01 | 14.48% |
| R2 | 5.76 | 9.71% |
| R1 | 5.72 | 8.95% |
| Price | 5.25 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
600497 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2024 | Jun 21, 2024 | Jun 21, 2024 | $0.140 | 2.61% |
| 2 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | $0.120 | 2.39% |
| 3 | Jul 08, 2022 | Jul 08, 2022 | Jul 08, 2022 | $0.120 | 2.31% |
| 4 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | $0.0500 | 1.16% |
| 5 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | $0.120 | 3.46% |
FAQ
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