Shandong Publishing&Media Co.,Ltd Stock Forecast
Green day on Friday for Shandong Publishing&Media Co.,Ltd stock after gaining 1.06%
(Updated on Jun 21, 2024)
The Shandong Publishing&Media Co.,Ltd stock price gained 1.06% on the last trading day (Friday, 21st Jun 2024), rising from $12.28 to $12.41. During the last trading day the stock fluctuated 4.01% from a day low at $11.98 to a day high of $12.46. The price has fallen in 5 of the last 10 days and is down by -5.19% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately $105.65 million.
The stock lies in the middle of a 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 25.31% during the next 3 months and, with a 90% probability hold a price between $14.68 and $17.53 at the end of this 3-month period.
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601019.SS Signals & Forecast
The Shandong Publishing&Media Co.,Ltd 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 $12.69. On a fall, the stock will find some support from the long-term average at approximately $12.27. 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. 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. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -9.42%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Shandong Publishing&Media Co.,Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $11.11 and $10.67. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Shandong Publishing&Media Co.,Ltd finds support just below today's level at $11.11. If this is broken, then the next support from accumulated volume will be at $10.67 and $10.21.
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 $0.480 between high and low, or 4.01%. For the last week, the stock has had daily average volatility of 4.02%.
Our recommended stop-loss: $11.66 (-6.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (601019.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Shandong Publishing&Media Co.,Ltd to open at $12.28, and during the day (based on 14 day Average True Range), to move between $11.90 and $12.92, which gives a possible trading interval of +/-$0.513 (+/-4.13%) up or down from last closing price. If Shandong Publishing&Media Co.,Ltd takes out the full calculated possible swing range there will be an estimated 8.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.90 (3.95%) than the support at $11.11 (10.48%), 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 Shandong Publishing&Media 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 Shandong Publishing&Media Co.,Ltd stock to perform well in the short-term.
Current score: 1.574 Buy Candidate Unchanged
Predicted Opening Price for Shandong Publishing&Media Co.,Ltd of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $12.28 ( 1.02%) | $12.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601019.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.76 | 2.85% |
| R2 | 12.58 | 1.37% |
| R1 | 12.47 | 0.457% |
| Price | 12.41 | |
| S1 | 12.10 | -2.50% |
| S2 | 11.99 | -3.41% |
| S3 | 11.80 | -4.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.70 | 10.39% |
| R2 | 13.31 | 7.25% |
| R1 | 12.90 | 3.95% |
| Price | 12.41 | |
| S1 | 11.11 | -10.48% |
| S2 | 10.67 | -14.02% |
| S3 | 10.21 | -17.73% |
601019 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 14, 2024 | $0.560 | 4.34% |
| 2 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | $0.390 | 4.42% |
| 3 | Jul 11, 2022 | Jul 11, 2022 | Jul 11, 2022 | $0.350 | 5.90% |
| 4 | Jun 25, 2021 | Jun 25, 2021 | Jun 25, 2021 | $0.320 | 5.52% |
| 5 | Jun 12, 2020 | Jun 12, 2020 | Jun 12, 2020 | $0.320 | 5.24% |
FAQ
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