Glarun Technology Co.,Ltd Stock Forecast
Glarun Technology Co.,Ltd stock downgraded to Sell Candidate
(Updated on Jun 20, 2024)
The Glarun Technology Co.,Ltd stock price fell by -3.03% on the last day (Thursday, 20th Jun 2024) from $14.50 to $14.06. During the last trading day the stock fluctuated 4.34% from a day low at $14.04 to a day high of $14.65. The price has been going up and down for this period, and there has been a -2.23% loss for the last 2 weeks. Volume has increased on the last day by 1 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, 7 million shares were bought and sold for approximately $103.20 million.
The stock lies in the middle of a wide and weak 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 4.78% during the next 3 months and, with a 90% probability hold a price between $13.91 and $16.13 at the end of this 3-month period.
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600562.SS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Glarun Technology Co.,Ltd 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 $14.32 and $14.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -7.07%. Further fall is indicated until a new bottom pivot has been found. 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 Glarun Technology Co.,Ltd stock
Glarun Technology Co.,Ltd finds support from accumulated volume at $13.88 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.610 between high and low, or 4.34%. For the last week the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600562.SS) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Glarun Technology Co.,Ltd to open at $14.25, and during the day (based on 14 day Average True Range), to move between $13.64 and $14.48, which gives a possible trading interval of +/-$0.425 (+/-3.02%) up or down from last closing price. If Glarun Technology Co.,Ltd takes out the full calculated possible swing range there will be an estimated 6.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.88 (1.28%) than the resistance at $14.38 (2.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Glarun Technology Co.,Ltd stock A Buy?
The Glarun Technology Co.,Ltd stock holds several negative signals and despite the positive trend, we believe Glarun Technology Co.,Ltd 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 Buy to a Sell candidate.
Current score: -3.461 Sell Candidate Downgraded
Predicted Opening Price for Glarun Technology Co.,Ltd of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $14.25 ( 1.35%) | $14.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600562.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.86 | 5.69% |
| R2 | 14.63 | 4.03% |
| R1 | 14.48 | 3.01% |
| Price | 14.06 | |
| S1 | 14.02 | -0.306% |
| S2 | 13.87 | -1.33% |
| S3 | 13.64 | -2.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.98 | 6.54% |
| R2 | 14.48 | 2.99% |
| R1 | 14.38 | 2.28% |
| Price | 14.06 | |
| S1 | 13.88 | -1.28% |
| S2 | 13.83 | -1.64% |
| S3 | 13.54 | -3.70% |
600562 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | $0.133 | 0.85% |
| 2 | Jul 13, 2022 | Jul 13, 2022 | Jul 13, 2022 | $0.128 | 0.82% |
| 3 | Jul 12, 2021 | Jul 12, 2021 | Jul 12, 2021 | $0.113 | 0.754% |
| 4 | May 15, 2020 | May 15, 2020 | May 15, 2020 | $0.0210 | 0.138% |
| 5 | Jul 19, 2019 | Jul 19, 2019 | Jul 19, 2019 | $0.0190 | 0.126% |
FAQ
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