China Railway Hi-tech Industry Corp Ltd Stock Forecast
China Railway Hi-tech Industry Corp Ltd stock price up 1.10% on Friday
(Updated on Jun 28, 2024)
The China Railway Hi-tech Industry Corp Ltd stock price gained 1.10% on the last trading day (Friday, 28th Jun 2024), rising from $7.24 to $7.32. During the last trading day the stock fluctuated 2.49% from a day low at $7.22 to a day high of $7.40. The price has fallen in 5 of the last 10 days and is down by -2.53% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 928 thousand more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately $67.37 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.23 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.38% during the next 3 months and, with a 90% probability hold a price between $6.84 and $7.45 at the end of this 3-month period.
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600528.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.10%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Railway Hi-tech Industry Corp 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 $7.35 and $7.74. 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).
Support, Risk & Stop-loss for China Railway Hi-tech Industry Corp Ltd stock
China Railway Hi-tech Industry Corp Ltd finds support from accumulated volume at $7.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.180 (2.49%) between high and low. For the last week, the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600528.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect China Railway Hi-tech Industry Corporation Limited to open at $7.31, and during the day (based on 14 day Average True Range), to move between $7.17 and $7.47, which gives a possible trading interval of +/-$0.149 (+/-2.03%) up or down from last closing price. If China Railway Hi-tech Industry Corporation Limited takes out the full calculated possible swing range there will be an estimated 4.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.29 (0.41%) than the resistance at $7.93 (8.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is China Railway Hi-tech Industry Corporation Limited stock A Buy?
China Railway Hi-tech Industry Corp Ltd holds several negative signals and is within a 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: -1.132 Sell Candidate Unchanged
Predicted Opening Price for China Railway Hi-tech Industry Corporation Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$7.31 ( 0.0911%) | $7.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600528.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.49 | 2.37% |
R2 | 7.42 | 1.43% |
R1 | 7.38 | 0.85% |
Price | 7.32 | |
S1 | 7.24 | -1.03% |
S2 | 7.20 | -1.61% |
S3 | 7.13 | -2.55% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8.10 | 10.66% |
R2 | 8.07 | 10.25% |
R1 | 7.93 | 8.33% |
Price | 7.32 | |
S1 | 7.29 | -0.410% |
S2 | 7.24 | -1.09% |
S3 | 0 | - |
600528 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 23, 2023 | Aug 23, 2023 | Aug 23, 2023 | $0.146 | 1.62% |
2 | Jul 15, 2022 | Jul 15, 2022 | Jul 15, 2022 | $0.145 | 1.67% |
3 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | $0.141 | 1.74% |
4 | Aug 24, 2020 | Aug 24, 2020 | Aug 24, 2020 | $0.126 | 1.31% |
5 | Aug 20, 2019 | Aug 20, 2019 | Aug 20, 2019 | $0.115 | 1.13% |
FAQ
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