Shandong Yulong Gold Co., Ltd. Stock Forecast
Shandong Yulong Gold Co., Ltd. stock price up 0.697% on Thursday
(Updated on Jul 04, 2024)
The Shandong Yulong Gold Co., Ltd. stock price gained 0.697% on the last trading day (Thursday, 4th Jul 2024), rising from $12.91 to $13.00. It has now gained 5 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 5.12% from a day low at $12.90 to a day high of $13.56. The price has risen in 6 of the last 10 days but is still down by -1.22% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 million more shares were traded than the day before. In total, 24 million shares were bought and sold for approximately $317.46 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 15.98% during the next 3 months and, with a 90% probability hold a price between $13.78 and $17.06 at the end of this 3-month period.
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601028.SS Signals & Forecast
The Shandong Yulong Gold 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 $12.73 and $12.52. A breakdown below any of these levels will issue sell signals. 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 Friday, June 07, 2024, and so far it has fallen -7.74%. 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). The stock had a Golden Star Signal on Tuesday, May 07, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, May 07, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Shandong Yulong Gold Co., Ltd. stock
Shandong Yulong Gold Co., Ltd. finds support from accumulated volume at $12.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.660 between high and low, or 5.12%. For the last week, the stock has had daily average volatility of 4.19%.
Our recommended stop-loss: $12.21 (-6.06%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (601028.SS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Shandong Yulong Gold Co., Ltd. to open at $13.15, and during the day (based on 14 day Average True Range), to move between $12.34 and $13.66, which gives a possible trading interval of +/-$0.657 (+/-5.05%) up or down from last closing price. If Shandong Yulong Gold Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.78 (1.69%) than the resistance at $13.24 (1.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shandong Yulong Gold 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 Yulong Gold Co., Ltd. stock to perform well in the short-term.
Current score: 2.490 Buy Candidate Unchanged
Predicted Opening Price for Shandong Yulong Gold Co., Ltd. of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$13.15 ( 1.18%) | $13.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601028.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 13.81 | 6.26% |
R2 | 13.56 | 4.32% |
R1 | 13.41 | 3.12% |
Price | 13.00 | |
S1 | 12.90 | -0.760% |
S2 | 12.75 | -1.96% |
S3 | 12.49 | -3.90% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 14.09 | 8.38% |
R2 | 14.06 | 8.15% |
R1 | 13.24 | 1.85% |
Price | 13.00 | |
S1 | 12.78 | -1.69% |
S2 | 12.50 | -3.85% |
S3 | 10.99 | -15.46% |
601028 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 05, 2024 | Jul 05, 2024 | Jul 05, 2024 | $0.0500 | 0.384% |
2 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | $0.0350 | 0.326% |
3 | Nov 11, 2022 | Nov 11, 2022 | Nov 11, 2022 | $0.0640 | 0.259% |
4 | May 31, 2016 | May 31, 2016 | May 31, 2016 | $0.0500 | 0.715% |
5 | May 06, 2015 | May 06, 2015 | May 06, 2015 | $0.0909 | 0.569% |
FAQ
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