Tianjin Port Co., Ltd. Stock Forecast
Green day on Wednesday for Tianjin Port Co., Ltd.
(Updated on Jun 26, 2024)
The Tianjin Port Co., Ltd. stock price gained 0.95% on the last trading day (Wednesday, 26th Jun 2024), rising from $4.21 to $4.25. During the last trading day the stock fluctuated 1.92% from a day low at $4.17 to a day high of $4.25. The price has been going up and down for this period, and there has been a -1.39% loss for the last 2 weeks. Volume fell on the last day by -804 thousand shares and in total, 15 million shares were bought and sold for approximately $65.04 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 -3.69% during the next 3 months and, with a 90% probability hold a price between $4.01 and $4.42 at the end of this 3-month period.
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600717.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.92%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tianjin Port 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 $4.25 and $4.43. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Tianjin Port Co., Ltd. stock
Tianjin Port Co., Ltd. finds support from accumulated volume at $4.24 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 $0.0800 (1.92%) between high and low. For the last week, the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: $4.03 (-5.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (600717.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Tianjin Port Co., Ltd. to open at $4.22, and during the day (based on 14 day Average True Range), to move between $4.16 and $4.34, which gives a possible trading interval of +/-$0.0912 (+/-2.15%) up or down from last closing price. If Tianjin Port Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.24 (0.24%) than the resistance at $4.45 (4.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tianjin Port Co., Ltd. stock A Buy?
Tianjin Port Co., Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.484 Hold/Accumulate Unchanged
Predicted Opening Price for Tianjin Port Co., Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $4.22 ( 0.627%) | $4.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600717.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.30 | 1.25% |
| R2 | 4.27 | 0.536% |
| R1 | 4.25 | 0.0916% |
| Price | 4.25 | |
| S1 | 4.19 | -1.35% |
| S2 | 4.17 | -1.79% |
| S3 | 4.14 | -2.51% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.55 | 7.06% |
| R2 | 4.46 | 4.94% |
| R1 | 4.45 | 4.71% |
| Price | 4.25 | |
| S1 | 4.24 | -0.235% |
| S2 | 4.21 | -0.94% |
| S3 | 4.17 | -1.88% |
600717 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Jun 20, 2024 | $0.102 | 2.42% |
| 2 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | $0.0770 | 1.81% |
| 3 | Jun 23, 2022 | Jun 23, 2022 | Jun 23, 2022 | $0.101 | 2.53% |
| 4 | Jun 23, 2021 | Jun 23, 2021 | Jun 23, 2021 | $0.0720 | 1.83% |
| 5 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | $0.0750 | 1.99% |
FAQ
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