Beijing Aerospace Changfeng Co.,Ltd Stock Forecast
Beijing Aerospace Changfeng Co.,Ltd stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Beijing Aerospace Changfeng Co.,Ltd stock price gained 2.72% on the last trading day (Wednesday, 26th Jun 2024), rising from $9.57 to $9.83. During the last trading day the stock fluctuated 6.14% from a day low at $9.28 to a day high of $9.85. The price has risen in 6 of the last 10 days and is up by 3.58% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 million more shares were traded than the day before. In total, 30 million shares were bought and sold for approximately $292.24 million.
The stock lies in the middle of a very 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 14.02% during the next 3 months and, with a 90% probability hold a price between $9.28 and $11.79 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.
600855.SS Signals & Forecast
Mostly positive signals in the chart today. The Beijing Aerospace Changfeng 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 $9.51 and $9.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 12.99%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Beijing Aerospace Changfeng Co.,Ltd stock
Beijing Aerospace Changfeng Co.,Ltd finds support from accumulated volume at $9.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.570 between high and low, or 6.14%. For the last week, the stock has had daily average volatility of 5.94%.
Our recommended stop-loss: $9.45 (-3.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (600855.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Beijing Aerospace Changfeng Co.,Ltd to open at $9.65, and during the day (based on 14 day Average True Range), to move between $9.29 and $10.37, which gives a possible trading interval of +/-$0.539 (+/-5.48%) up or down from last closing price. If Beijing Aerospace Changfeng Co.,Ltd takes out the full calculated possible swing range there will be an estimated 10.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.03 (2.03%) than the support at $9.49 (3.46%), 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 Beijing Aerospace Changfeng Co.,Ltd stock A Buy?
Beijing Aerospace Changfeng Co.,Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.034 Strong Buy Candidate Upgraded
Predicted Opening Price for Beijing Aerospace Changfeng Co.,Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $9.65 ( 1.80%) | $9.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600855.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.22 | 4.00% |
| R2 | 10.01 | 1.79% |
| R1 | 9.87 | 0.418% |
| Price | 9.83 | |
| S1 | 9.44 | -4.01% |
| S2 | 9.30 | -5.38% |
| S3 | 9.08 | -7.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 10.03 | 2.03% |
| Price | 9.83 | |
| S1 | 9.49 | -3.46% |
| S2 | 9.34 | -4.98% |
| S3 | 8.84 | -10.07% |
600855 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.0035 | 0.0319% |
| 2 | Jun 28, 2022 | Jun 28, 2022 | Jun 28, 2022 | $0.0790 | 0.685% |
| 3 | Jul 15, 2021 | Jul 15, 2021 | Jul 15, 2021 | $0.0980 | 0.777% |
| 4 | Jul 06, 2020 | Jul 06, 2020 | Jul 06, 2020 | $0.0300 | 0.180% |
| 5 | Jun 20, 2019 | Jun 20, 2019 | Jun 20, 2019 | $0.0650 | 0.481% |
FAQ
Click here for our free guide on how to buy Beijing Aerospace Changfeng Co.,Ltd Stock.
