Baotailong New Materials Co., Ltd. Stock Forecast
Baotailong New Materials Co., Ltd. stock upgraded to Sell Candidate.
(Updated on Jun 21, 2024)
No changes to the price of Baotailong New Materials Co., Ltd. stock on the last trading day (Friday, 21st Jun 2024). During the last trading day the stock fluctuated 3.87% from a day low at $1.55 to a day high of $1.61. The price has fallen in 6 of the last 10 days and is down by -7.1% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.55 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -31.74% during the next 3 months and, with a 90% probability hold a price between $1.06 and $1.39 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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601011.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Baotailong New Materials Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.67 and $2.09. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Baotailong New Materials Co., Ltd. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0600 between high and low, or 3.87%. For the last week, the stock has had daily average volatility of 3.96%.
Baotailong New Materials Co., Ltd. is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (601011.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Baotailong New Materials Co., Ltd. to open at $1.58, and during the day (based on 14 day Average True Range), to move between $1.48 and $1.66, which gives a possible trading interval of +/-$0.0863 (+/-5.50%) up or down from last closing price. If Baotailong New Materials Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.99% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.69, some $0.120 (7.64%) from the current price of $1.57, our system finds the risk reward not very attractive.
Is Baotailong New Materials Co., Ltd. stock A Buy?
Baotailong New Materials Co., Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.102 Sell Candidate Upgraded
Predicted Opening Price for Baotailong New Materials Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $1.58 ( 0.425%) | $1.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601011.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.64 | 4.25% |
| R2 | 1.61 | 2.79% |
| R1 | 1.60 | 1.88% |
| Price | 1.57 | |
| S1 | 1.55 | -1.04% |
| S2 | 1.54 | -1.94% |
| S3 | 1.52 | -3.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.78 | 13.38% |
| R2 | 1.76 | 12.10% |
| R1 | 1.69 | 7.64% |
| Price | 1.57 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
601011 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2021 | Jul 15, 2021 | Jul 15, 2021 | $0.0500 | 1.16% |
| 2 | Jun 28, 2018 | Jun 28, 2018 | Jun 28, 2018 | $0.0500 | 0.91% |
| 3 | Aug 06, 2015 | Aug 06, 2015 | Aug 06, 2015 | $0.0400 | 0.725% |
| 4 | Jul 09, 2012 | Jul 09, 2012 | Jul 09, 2012 | $0.120 | 2.70% |
FAQ
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