Sichuan Expressway Company Limited Stock Forecast
Sichuan Expressway Company Limited stock price ended at $5.20 on Tuesday, after losing 0%.
(Updated on Jun 25, 2024)
No changes to the price of Sichuan Expressway Company Limited stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 1.74% from a day low at $5.18 to a day high of $5.27. The price has fallen in 7 of the last 10 days and is down by -5.11% for this period.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $5.20 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Sichuan Expressway Company Limited stock with a 90% probability to be traded between $5.16 and $5.76 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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601107.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 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 Sichuan Expressway Company Limited 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 $5.28 and $5.47. 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 Sichuan Expressway Company Limited stock
Sichuan Expressway Company Limited finds support from accumulated volume at $5.13 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 $0.0900 (1.74%) between high and low. For the last week, the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (601107.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Sichuan Expressway Company Limited to open at $5.22, and during the day (based on 14 day Average True Range), to move between $5.04 and $5.36, which gives a possible trading interval of +/-$0.155 (+/-2.98%) up or down from last closing price. If Sichuan Expressway Company Limited takes out the full calculated possible swing range there will be an estimated 5.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.13 (1.35%) than the resistance at $5.50 (5.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sichuan Expressway Company Limited stock A Buy?
Sichuan Expressway Company Limited 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: -1.356 Sell Candidate Unchanged
Predicted Opening Price for Sichuan Expressway Company Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $5.22 ( 0.321%) | $5.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601107.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.31 | 2.05% |
| R2 | 5.27 | 1.39% |
| R1 | 5.25 | 0.98% |
| Price | 5.20 | |
| S1 | 5.18 | -0.341% |
| S2 | 5.16 | -0.749% |
| S3 | 5.13 | -1.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.77 | 10.96% |
| R2 | 5.54 | 6.54% |
| R1 | 5.50 | 5.77% |
| Price | 5.20 | |
| S1 | 5.13 | -1.35% |
| S2 | 5.11 | -1.73% |
| S3 | 0 | - |
601107 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jun 13, 2024 | $0.240 | 4.53% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | $0.100 | 2.53% |
| 3 | Jun 15, 2022 | Jun 15, 2022 | Jun 15, 2022 | $0.110 | 2.64% |
| 4 | Jun 09, 2021 | Jun 09, 2021 | Jun 09, 2021 | $0.0800 | 2.52% |
| 5 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | $0.110 | 3.18% |
FAQ
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