Jilin Yatai (Group) Co., Ltd. Stock Forecast
High volatility in Jilin Yatai (Group) Co., Ltd. stock price on Thursday which ended trading at $1.15
(Updated on Jul 04, 2024)
The Jilin Yatai (Group) Co., Ltd. stock price gained 1.77% on the last trading day (Thursday, 4th Jul 2024), rising from $1.13 to $1.15. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 16.50% from a day low at $1.03 to a day high of $1.20. The price has been going up and down for this period, and there has been a 16.16% 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, 64 million more shares were traded than the day before. In total, 265 million shares were bought and sold for approximately $304.49 million.
Given the current short-term trend, the stock is expected to fall -33.56% during the next 3 months and, with a 90% probability hold a price between $0.512 and $0.764 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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600881.SS Signals & Forecast
The Jilin Yatai (Group) Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.96 and $1.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 40.24%. 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 Jilin Yatai (Group) Co., Ltd. stock
Jilin Yatai (Group) Co., Ltd. finds support from accumulated volume at $1.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.170 between high and low, or 16.50%. For the last week, the stock has had daily average volatility of 6.18%.
Our recommended stop-loss: $1.08 (-5.86%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (600881.SS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Jilin Yatai (Group) Co., Ltd. to open at $1.13, and during the day (based on 14 day Average True Range), to move between $1.07 and $1.23, which gives a possible trading interval of +/-$0.0823 (+/-7.15%) up or down from last closing price. If Jilin Yatai (Group) Co., Ltd. takes out the full calculated possible swing range there will be an estimated 14.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.13 (1.74%) than the resistance at $1.30 (13.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jilin Yatai (Group) Co., Ltd. stock A Buy?
Jilin Yatai (Group) Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Jilin Yatai (Group) Co., Ltd. of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$1.13 ( 2.03%) | $1.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600881.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.30 | 12.75% |
R2 | 1.23 | 7.11% |
R1 | 1.19 | 3.62% |
Price | 1.15 | |
S1 | 1.06 | -7.68% |
S2 | 1.02 | -11.16% |
S3 | 0.96 | -16.81% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.40 | 21.74% |
R2 | 1.36 | 18.26% |
R1 | 1.30 | 13.04% |
Price | 1.15 | |
S1 | 1.13 | -1.74% |
S2 | 1.08 | -6.09% |
S3 | 0.89 | -22.61% |
600881 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 17, 2021 | Aug 17, 2021 | Aug 17, 2021 | $0.0200 | 0.694% |
2 | Aug 10, 2018 | Aug 10, 2018 | Aug 10, 2018 | $0.0500 | 1.30% |
3 | Jul 30, 2014 | Jul 30, 2014 | Jul 30, 2014 | $0.100 | 2.36% |
4 | Jun 25, 2013 | Jun 25, 2013 | Jun 25, 2013 | $0.100 | 3.33% |
5 | Aug 06, 2012 | Aug 06, 2012 | Aug 06, 2012 | $0.100 | 1.86% |
FAQ
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