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RSI low/high Values: [ 25 - 75 ]
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AI Analysis of 600620.SS
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Green day on Wednesday for Shanghai Tianchen Co.,Ltd
(Updated on Jun 26, 2024)

Sell candidate since May 31, 2024 Loss -20.75% PDF

The Shanghai Tianchen Co.,Ltd stock price gained 3.50% on the last trading day (Wednesday, 26th Jun 2024), rising from $4.28 to $4.43. During the last trading day the stock fluctuated 6.73% from a day low at $4.16 to a day high of $4.44. The price has fallen in 5 of the last 10 days and is down by -6.74% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 696 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $21.77 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.23 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.02% during the next 3 months and, with a 90% probability hold a price between $3.38 and $4.68 at the end of this 3-month period.

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600620.SS Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 3.50%. 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 Shanghai Tianchen 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 $4.48 and $5.12. 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 Shanghai Tianchen Co.,Ltd stock

Shanghai Tianchen Co.,Ltd finds support from accumulated volume at $4.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.280 between high and low, or 6.73%. For the last week, the stock has had daily average volatility of 4.42%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (600620.SS) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Shanghai Tianchen Co.,Ltd to open at $4.34, and during the day (based on 14 day Average True Range), to move between $4.16 and $4.70, which gives a possible trading interval of +/-$0.270 (+/-6.09%) up or down from last closing price. If Shanghai Tianchen Co.,Ltd takes out the full calculated possible swing range there will be an estimated 12.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $4.28 (3.39%) than the resistance at $5.01 (13.09%), 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 Tianchen Co.,Ltd stock A Buy?

Shanghai Tianchen Co.,Ltd holds several negative signals and is within a very wide and 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: -2.003 Sell Candidate Unchanged

Predicted Opening Price for Shanghai Tianchen Co.,Ltd of Thursday, June 27, 2024

Fair opening price June 27, 2024 Current price
$4.34 ( 1.96%) $4.43

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 600620.SS

Fibonacci Support & Resistance Levels

Level Price
R3 4.62 4.36%
R2 4.52 1.95%
R1 4.45 0.458%
Price 4.43
S1 4.24 -4.37%
S2 4.17 -5.86%
S3 4.06 -8.28%

Accumulated Volume Support & Resistance Levels

Level Price
R3 5.41 22.12%
R2 5.30 19.64%
R1 5.01 13.09%
Price 4.43
S1 4.28 -3.39%
S2 0 -
S3 0 -

600620 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 16, 2023 Aug 16, 2023 Aug 16, 2023 $0.0300 0.256%
2 Aug 23, 2022 Aug 23, 2022 Aug 23, 2022 $0.0550 0.464%
3 Aug 13, 2021 Aug 13, 2021 Aug 13, 2021 $0.0500 0.641%
4 Jul 24, 2020 Jul 24, 2020 Jul 24, 2020 $0.0300 0.334%
5 Jul 31, 2019 Jul 31, 2019 Jul 31, 2019 $0.0300 0.419%

FAQ

What is the symbol for Shanghai Tianchen Co.,Ltd Stock and on which exchange is it traded?
The symbol for Shanghai Tianchen Co.,Ltd is 600620.SS and it is traded on the SHH (Shanghai Stock Exchange).

Should I buy or sell Shanghai Tianchen Co.,Ltd Stock?
Shanghai Tianchen Co.,Ltd holds several negative signals and is within a very wide and 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.

How to buy Shanghai Tianchen Co.,Ltd Stock?
Shanghai Tianchen Co.,Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Shanghai Tianchen Co.,Ltd Stock.

What's the current price of Shanghai Tianchen Co.,Ltd Stock?
As of the end of day on the Jun 26, 2024, the price of an Shanghai Tianchen Co.,Ltd (600620.SS) share was $4.43.

What is the 52-week high and low for Shanghai Tianchen Co.,Ltd Stock?
The 52-week high for Shanghai Tianchen Co.,Ltd Stock is $13.50 and the 52-week low is $4.16.

What is the market capitalization of Shanghai Tianchen Co.,Ltd Stock?
As of the Jun 26, 2024, the market capitalization of Shanghai Tianchen Co.,Ltd is 3.042B.

When is the next earnings date for Shanghai Tianchen Co.,Ltd?
The upcoming earnings date for Shanghai Tianchen Co.,Ltd is May 30, 2025.
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