Metro Land Corporation Ltd. Stock Forecast
Red day on Friday for Metro Land Corporation Ltd. stock after losing 0%
(Updated on Jun 28, 2024)
No changes to the price of Metro Land Corporation Ltd. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 4.67% from a day low at $3.64 to a day high of $3.81. The price has fallen in 6 of the last 10 days and is down by -11.19% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.21% during the next 3 months and, with a 90% probability hold a price between $2.92 and $4.33 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.
600683.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Metro Land Corporation 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 $3.80 and $4.22. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Metro Land Corporation 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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.170 between high and low, or 4.67%. For the last week, the stock has had daily average volatility of 6.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600683.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Metro Land Corporation Ltd. to open at $3.73, and during the day (based on 14 day Average True Range), to move between $3.52 and $3.94, which gives a possible trading interval of +/-$0.209 (+/-5.61%) up or down from last closing price. If Metro Land Corporation Ltd. takes out the full calculated possible swing range there will be an estimated 11.23% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $4.44, some $0.710 (19.03%) from the current price of $3.73, our system finds the risk reward not very attractive.
Is Metro Land Corporation Ltd. stock A Buy?
Metro Land Corporation 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: -4.600 Sell Candidate Unchanged
Predicted Opening Price for Metro Land Corporation Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $3.73 ( 0.0894%) | $3.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600683.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.90 | 4.47% |
| R2 | 3.83 | 2.73% |
| R1 | 3.79 | 1.65% |
| Price | 3.73 | |
| S1 | 3.66 | -1.83% |
| S2 | 3.62 | -2.91% |
| S3 | 3.56 | -4.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.65 | 24.66% |
| R2 | 4.48 | 20.11% |
| R1 | 4.44 | 19.03% |
| Price | 3.73 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
600683 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 25, 2022 | May 25, 2022 | May 25, 2022 | $0.130 | 2.72% |
| 2 | Jun 09, 2021 | Jun 09, 2021 | Jun 09, 2021 | $0.250 | 6.33% |
| 3 | May 28, 2019 | May 28, 2019 | May 28, 2019 | $0.200 | 4.40% |
| 4 | Apr 24, 2018 | Apr 24, 2018 | Apr 24, 2018 | $0.200 | 3.60% |
| 5 | May 25, 2017 | May 25, 2017 | May 25, 2017 | $0.200 | 2.66% |
FAQ
Click here for our free guide on how to buy Metro Land Corporation Ltd. Stock.
