Jiangsu Hengli Hydraulic Co.,Ltd Stock Forecast
Red day on Wednesday for Jiangsu Hengli Hydraulic Co.,Ltd stock after losing 1.31%
(Updated on Jun 26, 2024)
The Jiangsu Hengli Hydraulic Co.,Ltd stock price fell by -1.31% on the last day (Wednesday, 26th Jun 2024) from $49.49 to $48.84. During the last trading day the stock fluctuated 2.78% from a day low at $48.15 to a day high of $49.49. The price has fallen in 7 of the last 10 days and is down by -5.68% for this period. Volume has increased on the last day by 310 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 million shares were bought and sold for approximately $289.84 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 -3.66% during the next 3 months and, with a 90% probability hold a price between $45.33 and $51.55 at the end of this 3-month period.
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601100.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.267%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jiangsu Hengli Hydraulic 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 $49.35 and $51.33. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Jiangsu Hengli Hydraulic Co.,Ltd stock
Jiangsu Hengli Hydraulic Co.,Ltd finds support from accumulated volume at $48.71 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 $1.34 (2.78%) between high and low. For the last week, the stock has had daily average volatility of 2.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (601100.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Jiangsu Hengli Hydraulic Co.,Ltd to open at $48.83, and during the day (based on 14 day Average True Range), to move between $47.41 and $50.27, which gives a possible trading interval of +/-$1.43 (+/-2.93%) up or down from last closing price. If Jiangsu Hengli Hydraulic Co.,Ltd takes out the full calculated possible swing range there will be an estimated 5.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $48.71 (0.27%) than the resistance at $52.70 (7.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jiangsu Hengli Hydraulic Co.,Ltd stock A Buy?
Jiangsu Hengli Hydraulic Co.,Ltd holds several negative signals and is within a 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.
Current score: -2.525 Sell Candidate Unchanged
Predicted Opening Price for Jiangsu Hengli Hydraulic Co.,Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $48.83 ( 0.0273%) | $48.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601100.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.17 | 2.72% |
| R2 | 49.65 | 1.67% |
| R1 | 49.34 | 1.02% |
| Price | 48.84 | |
| S1 | 48.31 | -1.08% |
| S2 | 48.00 | -1.72% |
| S3 | 47.49 | -2.77% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.88 | 12.37% |
| R2 | 52.83 | 8.17% |
| R1 | 52.70 | 7.90% |
| Price | 48.84 | |
| S1 | 48.71 | -0.266% |
| S2 | 48.44 | -0.82% |
| S3 | 0 | - |
601100 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jun 28, 2024 | $0.700 | 1.43% |
| 2 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | $0.620 | 0.93% |
| 3 | Jun 09, 2022 | Jun 09, 2022 | Jun 09, 2022 | $0.730 | 1.38% |
| 4 | Jun 15, 2021 | Jun 15, 2021 | Jun 15, 2021 | $0.600 | 0.797% |
| 5 | Jul 01, 2020 | Jul 01, 2020 | Jul 01, 2020 | $0.600 | 1.13% |
FAQ
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