Guizhou BC&TV Information Network Stock Forecast
High volatility in Guizhou BC&TV Information Network stock price on Tuesday which ended trading at $7.90
(Updated on Jun 25, 2024)
The Guizhou BC&TV Information Network stock price gained 7.34% on the last trading day (Tuesday, 25th Jun 2024), rising from $7.36 to $7.90. During the last trading day the stock fluctuated 10.56% from a day low at $7.29 to a day high of $8.06. The price has fallen in 7 of the last 10 days and is down by -8.14% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 million more shares were traded than the day before. In total, 33 million shares were bought and sold for approximately $262.36 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 12.93% during the next 3 months and, with a 90% probability hold a price between $7.75 and $10.40 at the end of this 3-month period.
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600996.SS Signals & Forecast
The Guizhou BC&TV Information Network stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $7.97. On a fall, the stock will find some support from the long-term average at approximately $7.63. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 7.34%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Guizhou BC&TV Information Network stock
Guizhou BC&TV Information Network finds support from accumulated volume at $7.88 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 $0.770 between high and low, or 10.56%. For the last week, the stock has had daily average volatility of 5.36%.
Our recommended stop-loss: $7.52 (-4.86%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (600996.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Guizhou BC&TV Information Network CO.,LTD to open at $7.75, and during the day (based on 14 day Average True Range), to move between $7.43 and $8.37, which gives a possible trading interval of +/-$0.467 (+/-5.91%) up or down from last closing price. If Guizhou BC&TV Information Network CO.,LTD takes out the full calculated possible swing range there will be an estimated 11.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.88 (0.25%) than the resistance at $8.65 (9.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guizhou BC&TV Information Network 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 Guizhou BC&TV Information Network stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.489 Buy Candidate Upgraded
Predicted Opening Price for Guizhou BC&TV Information Network CO.,LTD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $7.75 ( 1.90%) | $7.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600996.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.52 | 7.85% |
| R2 | 8.23 | 4.12% |
| R1 | 8.04 | 1.82% |
| Price | 7.90 | |
| S1 | 7.46 | -5.62% |
| S2 | 7.27 | -7.92% |
| S3 | 6.98 | -11.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.01 | 14.05% |
| R2 | 8.99 | 13.80% |
| R1 | 8.65 | 9.49% |
| Price | 7.90 | |
| S1 | 7.88 | -0.253% |
| S2 | 7.19 | -8.99% |
| S3 | 7.18 | -9.11% |
600996 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 17, 2020 | Jul 17, 2020 | Jul 17, 2020 | $0.100 | 1.37% |
| 2 | Jul 16, 2019 | Jul 16, 2019 | Jul 16, 2019 | $0.0900 | 0.90% |
| 3 | Jul 11, 2018 | Jul 11, 2018 | Jul 11, 2018 | $0.133 | 1.86% |
| 4 | Jun 28, 2017 | Jun 28, 2017 | Jun 28, 2017 | $0.110 | 0.93% |
FAQ
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