GD Power Development Co.,Ltd Stock Forecast
Green day on Friday for GD Power Development Co.,Ltd
(Updated on Jun 21, 2024)
The GD Power Development Co.,Ltd stock price gained 0.343% on the last trading day (Friday, 21st Jun 2024), rising from $5.83 to $5.85. During the last trading day the stock fluctuated 2.25% from a day low at $5.79 to a day high of $5.92. The price has risen in 6 of the last 10 days but is still down by -0.34% for this period. Volume fell on the last day by -22 million shares and in total, 97 million shares were bought and sold for approximately $568.15 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 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 16.91% during the next 3 months and, with a 90% probability hold a price between $6.33 and $7.08 at the end of this 3-month period.
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600795.SS Signals & Forecast
The GD Power Development 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 $5.83 and $5.48. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -2.01%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for GD Power Development Co.,Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.19 and $5.01. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, GD Power Development Co.,Ltd finds support just below today's level at $5.19. If this is broken, then the next support from accumulated volume will be at $5.01 and $4.98.
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 $0.130 between high and low, or 2.25%. For the last week, the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: $5.63 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (600795.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect GD Power Development Co.,Ltd to open at $5.85, and during the day (based on 14 day Average True Range), to move between $5.68 and $6.02, which gives a possible trading interval of +/-$0.168 (+/-2.87%) up or down from last closing price. If GD Power Development Co.,Ltd takes out the full calculated possible swing range there will be an estimated 5.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.87 (0.34%) than the support at $5.19 (11.28%), 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 GD Power Development 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 GD Power Development Co.,Ltd stock to perform well in the short-term.
Current score: 3.237 Buy Candidate Unchanged
Predicted Opening Price for GD Power Development Co.,Ltd of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $5.85 ( 0.0570%) | $5.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600795.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.98 | 2.28% |
| R2 | 5.93 | 1.43% |
| R1 | 5.90 | 0.91% |
| Price | 5.85 | |
| S1 | 5.80 | -0.792% |
| S2 | 5.77 | -1.32% |
| S3 | 5.72 | -2.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.97 | 2.05% |
| R2 | 5.96 | 1.88% |
| R1 | 5.87 | 0.342% |
| Price | 5.85 | |
| S1 | 5.19 | -11.28% |
| S2 | 5.01 | -14.36% |
| S3 | 4.98 | -14.87% |
600795 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 24, 2023 | Oct 24, 2023 | Oct 24, 2023 | $0.0500 | 1.40% |
| 2 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | $0.100 | 2.68% |
| 3 | Jul 07, 2021 | Jul 07, 2021 | Jul 07, 2021 | $0.0400 | 1.67% |
| 4 | Jul 03, 2020 | Jul 03, 2020 | Jul 03, 2020 | $0.0500 | 2.66% |
| 5 | Jun 28, 2019 | Jun 28, 2019 | Jun 28, 2019 | $0.0400 | 1.57% |
FAQ
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