Hainan Airport Infrastructure Co., Ltd Stock Forecast
Stronger technical forecast for Hainan Airport Infrastructure Co., Ltd stock price after Friday trading.
(Updated on Jun 28, 2024)
No changes to the price of Hainan Airport Infrastructure Co., Ltd stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 2.56% from a day low at $3.13 to a day high of $3.21. The price has fallen in 7 of the last 10 days and is down by -8.72% 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 $3.14 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.80% during the next 3 months and, with a 90% probability hold a price between $2.95 and $3.34 at the end of this 3-month period.
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600515.SS Signals & Forecast
There are mixed signals in the stock today. The Hainan Airport Infrastructure 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 $3.21 and $3.40. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Support, Risk & Stop-loss for Hainan Airport Infrastructure Co., Ltd 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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0800 (2.56%) between high and low. For the last week, the stock has had daily average volatility of 2.67%.
Hainan Airport Infrastructure Co., Ltd is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600515.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Hainan Airport Infrastructure Co., Ltd to open at $3.16, and during the day (based on 14 day Average True Range), to move between $3.07 and $3.21, which gives a possible trading interval of +/-$0.0740 (+/-2.36%) up or down from last closing price. If Hainan Airport Infrastructure Co., Ltd takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $3.39, some $0.250 (7.96%) from the current price of $3.14, our system finds the risk reward not very attractive.
Is Hainan Airport Infrastructure Co., Ltd stock A Buy?
Hainan Airport Infrastructure Co., Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.265 Sell Candidate Upgraded
Predicted Opening Price for Hainan Airport Infrastructure Co., Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $3.16 ( 0.637%) | $3.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600515.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.24 | 3.18% |
| R2 | 3.21 | 2.21% |
| R1 | 3.19 | 1.61% |
| Price | 3.14 | |
| S1 | 3.13 | -0.336% |
| S2 | 3.11 | -0.94% |
| S3 | 3.08 | -1.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.51 | 11.78% |
| R2 | 3.40 | 8.28% |
| R1 | 3.39 | 7.96% |
| Price | 3.14 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
600515 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2003 | Jun 16, 2003 | Jun 16, 2003 | $0.0143 | 0.292% |
| 2 | Sep 05, 2002 | Sep 05, 2002 | Sep 05, 2002 | $0.0904 | 1.50% |
FAQ
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