AVIC Heavy Machinery Co., Ltd. Stock Forecast
A very strong day for AVIC Heavy Machinery Co., Ltd. stock price on Friday
(Updated on Jun 28, 2024)
The AVIC Heavy Machinery Co., Ltd. stock price gained 5.86% on the last trading day (Friday, 28th Jun 2024), rising from $19.27 to $20.40. During the last trading day the stock fluctuated 7.06% from a day low at $19.12 to a day high of $20.47. The price has been going up and down for this period, and there has been a 4.08% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 million more shares were traded than the day before. In total, 34 million shares were bought and sold for approximately $702.04 million.
The stock lies in the middle of a 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 25.84% during the next 3 months and, with a 90% probability hold a price between $23.69 and $26.73 at the end of this 3-month period.
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600765.SS Signals & Forecast
The AVIC Heavy Machinery 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 $19.56 and $19.53. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -0.147%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AVIC Heavy Machinery Co., Ltd. stock
AVIC Heavy Machinery Co., Ltd. finds support from accumulated volume at $19.99 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 $1.35 (7.06%) between high and low. For the last week, the stock has had daily average volatility of 3.98%.
Our recommended stop-loss: $19.60 (-3.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (600765.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect AVIC Heavy Machinery Co., Ltd. to open at $20.00, and during the day (based on 14 day Average True Range), to move between $19.65 and $21.15, which gives a possible trading interval of +/-$0.746 (+/-3.66%) up or down from last closing price. If AVIC Heavy Machinery Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.43 (0.15%) than the support at $19.99 (2.01%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is AVIC Heavy Machinery 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 AVIC Heavy Machinery Co., Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.549 Buy Candidate Upgraded
Predicted Opening Price for AVIC Heavy Machinery Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $20.00 ( 1.98%) | $20.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600765.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.35 | 4.64% |
| R2 | 20.83 | 2.11% |
| R1 | 20.51 | 0.551% |
| Price | 20.40 | |
| S1 | 19.48 | -4.51% |
| S2 | 19.16 | -6.07% |
| S3 | 18.65 | -8.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 20.43 | 0.147% |
| Price | 20.40 | |
| S1 | 19.99 | -2.01% |
| S2 | 17.30 | -15.20% |
| S3 | 16.24 | -20.39% |
600765 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 14, 2024 | $0.269 | 1.37% |
| 2 | May 31, 2023 | May 31, 2023 | May 31, 2023 | $0.165 | 0.620% |
| 3 | May 19, 2022 | May 19, 2022 | May 19, 2022 | $0.170 | 0.565% |
| 4 | Apr 20, 2021 | Apr 20, 2021 | Apr 20, 2021 | $0.0354 | 0.283% |
| 5 | Jun 04, 2020 | Jun 04, 2020 | Jun 04, 2020 | $0.0321 | 0.475% |
FAQ
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