Shanghai Jiaoda Onlly Co.,Ltd Stock Forecast
Shanghai Jiaoda Onlly Co.,Ltd stock price ended at $2.61 on Thursday, after losing 0%.
(Updated on Jun 20, 2024)
No changes to the price of Shanghai Jiaoda Onlly Co.,Ltd stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $2.61 to a day high of $2.61. The price has risen in 5 of the last 10 days and is up by 10.59% over the past 2 weeks.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.75% during the next 3 months and, with a 90% probability hold a price between $2.38 and $3.24 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
600530.SS Signals & Forecast
The Shanghai Jiaoda Onlly 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 $2.58 and $2.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.385%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Friday, June 14, 2024 and based on theory for this formation the price should fall by -18.34% to $2.13 within 14 trading days since signal was issued (Friday, June 21, 2024).
Support, Risk & Stop-loss for Shanghai Jiaoda Onlly Co.,Ltd stock
Shanghai Jiaoda Onlly Co.,Ltd finds support from accumulated volume at $2.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.88%
Our recommended stop-loss: $2.46 (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (600530.SS) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Shanghai Jiaoda Onlly Co.,Ltd to open at $2.61, and during the day (based on 14 day Average True Range), to move between $2.50 and $2.72, which gives a possible trading interval of +/-$0.107 (+/-4.09%) up or down from last closing price. If Shanghai Jiaoda Onlly Co.,Ltd takes out the full calculated possible swing range there will be an estimated 8.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.60 (0.38%) than the resistance at $2.64 (1.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shanghai Jiaoda Onlly Co.,Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shanghai Jiaoda Onlly Co.,Ltd stock to perform well in the short-term.
Current score: 3.125 Buy Candidate Unchanged
Predicted Opening Price for Shanghai Jiaoda Onlly Co.,Ltd of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $2.61 ( 0%) | $2.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600530.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.61 | - |
| R2 | 2.61 | - |
| R1 | 2.61 | - |
| Price | 2.61 | |
| S1 | 2.61 | - |
| S2 | 2.61 | - |
| S3 | 2.61 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.68 | 2.68% |
| R2 | 2.67 | 2.30% |
| R1 | 2.64 | 1.15% |
| Price | 2.61 | |
| S1 | 2.60 | -0.383% |
| S2 | 2.33 | -10.73% |
| S3 | 2.11 | -19.16% |
600530 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 10, 2018 | Aug 10, 2018 | Aug 10, 2018 | $0.0650 | 1.21% |
| 2 | Jun 23, 2017 | Jun 23, 2017 | Jun 23, 2017 | $0.0600 | 1.08% |
| 3 | Jun 28, 2016 | Jun 28, 2016 | Jun 28, 2016 | $0.0400 | 0.483% |
| 4 | Aug 14, 2015 | Aug 14, 2015 | Aug 14, 2015 | $0.0600 | 0.696% |
| 5 | Jun 23, 2014 | Jun 23, 2014 | Jun 23, 2014 | $0.0600 | 1.94% |
FAQ
Click here for our free guide on how to buy Shanghai Jiaoda Onlly Co.,Ltd Stock.
