Tibet Huayu Mining Co., Ltd. Stock Forecast
Evaluation of Tibet Huayu Mining Co., Ltd. stock downgraded after the last trading session.
(Updated on Jun 21, 2024)
The Tibet Huayu Mining Co., Ltd. stock price fell by -0.92% on the last day (Friday, 21st Jun 2024) from $13.09 to $12.97. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.10% from a day low at $12.93 to a day high of $13.46. The price has been going up and down for this period, and there has been a -13.53% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -35 million shares and in total, 45 million shares were bought and sold for approximately $583.10 million.
Given the current short-term trend, the stock is expected to rise 69.03% during the next 3 months and, with a 90% probability hold a price between $21.92 and $32.47 at the end of this 3-month period.
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601020.SS Signals & Forecast
There are few to no technical positive signals at the moment. The Tibet Huayu Mining Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $13.77 and $13.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -24.06%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Tibet Huayu Mining Co., Ltd. stock
Tibet Huayu Mining Co., Ltd. finds support from accumulated volume at $12.84 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 $0.530 between high and low, or 4.10%. For the last week, the stock has had daily average volatility of 5.69%.
Tibet Huayu Mining Co., Ltd. is oversold on RSI14 (22). 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 (601020.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Tibet Huayu Mining Co., Ltd. to open at $13.12, and during the day (based on 14 day Average True Range), to move between $12.00 and $13.94, which gives a possible trading interval of +/-$0.97 (+/-7.46%) up or down from last closing price. If Tibet Huayu Mining Co., Ltd. takes out the full calculated possible swing range there will be an estimated 14.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.84 (1.00%) than the resistance at $14.06 (8.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tibet Huayu Mining Co., Ltd. stock A Buy?
The Tibet Huayu Mining Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Tibet Huayu Mining Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.547 Sell Candidate Downgraded
Predicted Opening Price for Tibet Huayu Mining Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $13.12 ( 1.16%) | $12.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601020.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.65 | 5.24% |
| R2 | 13.45 | 3.68% |
| R1 | 13.32 | 2.72% |
| Price | 12.97 | |
| S1 | 12.92 | -0.404% |
| S2 | 12.79 | -1.37% |
| S3 | 12.59 | -2.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.03 | 23.59% |
| R2 | 15.00 | 15.65% |
| R1 | 14.06 | 8.40% |
| Price | 12.97 | |
| S1 | 12.84 | -1.00% |
| S2 | 12.21 | -5.86% |
| S3 | 11.00 | -15.19% |
601020 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2019 | May 30, 2019 | May 30, 2019 | $0.0900 | 1.20% |
| 2 | Jul 04, 2018 | Jul 04, 2018 | Jul 04, 2018 | $0.120 | 1.22% |
| 3 | May 26, 2017 | May 26, 2017 | May 26, 2017 | $0.120 | 0.84% |
| 4 | May 20, 2016 | May 20, 2016 | May 20, 2016 | $0.100 | 0.642% |
FAQ
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