Aerosun Corporation Stock Forecast
Aerosun Corporation stock price took a fall of -9.99% on Thursday
(Updated on Jun 20, 2024)
The Aerosun Corporation stock price fell by -9.99% on the last day (Thursday, 20th Jun 2024) from $14.91 to $13.42. During the last trading day the stock fluctuated 8.64% from a day low at $13.42 to a day high of $14.58. The price has fallen in 6 of the last 10 days and is down by -18.67% for this period. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 46 million shares were bought and sold for approximately $620.43 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.77 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 26.58% during the next 3 months and, with a 90% probability hold a price between $16.16 and $22.52 at the end of this 3-month period.
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600501.SS Signals & Forecast
There are few to no technical positive signals at the moment. The Aerosun Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $14.86 and $13.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -22.07%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Aerosun Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $12.41 and $12.15. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Aerosun Corporation finds support just below today's level at $12.41. If this is broken, then the next support from accumulated volume will be at $12.15 and $11.85.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.16 between high and low, or 8.64%. For the last week, the stock has had daily average volatility of 5.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600501.SS) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Aerosun Corporation to open at $13.81, and during the day (based on 14 day Average True Range), to move between $12.38 and $14.46, which gives a possible trading interval of +/-$1.04 (+/-7.77%) up or down from last closing price. If Aerosun Corporation takes out the full calculated possible swing range there will be an estimated 15.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.41 (7.53%) than the resistance at $15.20 (13.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aerosun Corporation stock A Buy?
The Aerosun Corporation stock holds several negative signals and despite the positive trend, we believe Aerosun Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -6.011 Strong Sell Candidate Downgraded
Predicted Opening Price for Aerosun Corporation of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $13.81 ( 2.88%) | $13.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600501.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.97 | 11.53% |
| R2 | 14.52 | 8.22% |
| R1 | 14.25 | 6.18% |
| Price | 13.42 | |
| S1 | 13.36 | -0.421% |
| S2 | 13.09 | -2.46% |
| S3 | 12.65 | -5.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.50 | 22.95% |
| R2 | 15.50 | 15.50% |
| R1 | 15.20 | 13.26% |
| Price | 13.42 | |
| S1 | 12.41 | -7.53% |
| S2 | 12.15 | -9.46% |
| S3 | 11.85 | -11.70% |
600501 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | $0.0300 | 0.191% |
| 2 | Jun 28, 2017 | Jun 28, 2017 | Jun 28, 2017 | $0.0110 | 0.0727% |
| 3 | Jul 14, 2016 | Jul 14, 2016 | Jul 14, 2016 | $0.0150 | 0.0754% |
| 4 | Jun 03, 2015 | Jun 03, 2015 | Jun 03, 2015 | $0.0700 | 0.226% |
| 5 | Jun 19, 2014 | Jun 19, 2014 | Jun 19, 2014 | $0.0300 | 0.344% |
FAQ
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