TangShan Port Group Co.,Ltd Stock Forecast
Green day on Friday for TangShan Port Group Co.,Ltd stock after gaining 0.682%
(Updated on Jun 21, 2024)
The TangShan Port Group Co.,Ltd stock price gained 0.682% on the last trading day (Friday, 21st Jun 2024), rising from $4.40 to $4.43. It has now gained 4 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 2.05% from a day low at $4.39 to a day high of $4.48. The price has risen in 7 of the last 10 days and is up by 5.73% 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, 774 thousand more shares were traded than the day before. In total, 37 million shares were bought and sold for approximately $162.04 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.61% during the next 3 months and, with a 90% probability hold a price between $3.79 and $4.34 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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601000.SS Signals & Forecast
Mostly positive signals in the chart today. The TangShan Port Group 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 $4.28 and $4.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 9.38%. 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 TangShan Port Group Co.,Ltd stock
TangShan Port Group Co.,Ltd finds support from accumulated volume at $4.34 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 $0.0900 (2.05%) between high and low. For the last week, the stock has had daily average volatility of 2.59%.
Our recommended stop-loss: $4.27 (-3.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (601000.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect TangShan Port Group Co.,Ltd to open at $4.43, and during the day (based on 14 day Average True Range), to move between $4.32 and $4.54, which gives a possible trading interval of +/-$0.109 (+/-2.45%) up or down from last closing price. If TangShan Port Group Co.,Ltd takes out the full calculated possible swing range there will be an estimated 4.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.44 (0.23%) than the support at $4.34 (2.03%), 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 TangShan Port Group Co.,Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.029 Buy Candidate Unchanged
Predicted Opening Price for TangShan Port Group Co.,Ltd of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $4.43 ( 0.0752%) | $4.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601000.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.52 | 2.11% |
| R2 | 4.49 | 1.33% |
| R1 | 4.47 | 0.85% |
| Price | 4.43 | |
| S1 | 4.40 | -0.701% |
| S2 | 4.38 | -1.18% |
| S3 | 4.34 | -1.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.53 | 2.26% |
| R2 | 4.47 | 0.90% |
| R1 | 4.44 | 0.226% |
| Price | 4.43 | |
| S1 | 4.34 | -2.03% |
| S2 | 4.21 | -4.97% |
| S3 | 4.09 | -7.67% |
601000 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | May 23, 2024 | $0.200 | 4.94% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | $0.200 | 5.62% |
| 3 | May 17, 2022 | May 17, 2022 | May 17, 2022 | $0.200 | 7.78% |
| 4 | Nov 26, 2021 | Nov 26, 2021 | Nov 26, 2021 | $0.150 | 5.88% |
| 5 | May 18, 2021 | May 18, 2021 | May 18, 2021 | $0.200 | 7.55% |
FAQ
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