Beijing Sifang Automation Co.,Ltd Stock Forecast
Stronger technical forecast for Beijing Sifang Automation Co.,Ltd stock price after Friday trading.
(Updated on Jun 21, 2024)
The Beijing Sifang Automation Co.,Ltd stock price fell by -0.159% on the last day (Friday, 21st Jun 2024) from $18.82 to $18.79. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.20% from a day low at $18.61 to a day high of $19.02. The price has fallen in 6 of the last 10 days but is still up by 2.18% over the past 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 -17 million shares and in total, 11 million shares were bought and sold for approximately $206.61 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 25.40% during the next 3 months and, with a 90% probability hold a price between $21.77 and $25.29 at the end of this 3-month period.
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601126.SS Signals & Forecast
The Beijing Sifang Automation 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 $19.26. On a fall, the stock will find some support from the long-term average at approximately $17.63. 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. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -5.86%. Further fall is indicated until a new bottom pivot has been found. 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 Beijing Sifang Automation Co.,Ltd stock
Beijing Sifang Automation Co.,Ltd finds support from accumulated volume at $18.59 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 $0.410 between high and low, or 2.20%. For the last week, the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: $18.09 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (601126.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Beijing Sifang Automation Co.,Ltd to open at $18.81, and during the day (based on 14 day Average True Range), to move between $18.04 and $19.54, which gives a possible trading interval of +/-$0.751 (+/-4.00%) up or down from last closing price. If Beijing Sifang Automation Co.,Ltd takes out the full calculated possible swing range there will be an estimated 7.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.82 (0.16%) than the support at $18.59 (1.06%), 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 Beijing Sifang Automation 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 Beijing Sifang Automation Co.,Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.879 Buy Candidate Upgraded
Predicted Opening Price for Beijing Sifang Automation Co.,Ltd of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$18.81 ( 0.0887%) | $18.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601126.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.22 | 2.27% |
R2 | 19.06 | 1.44% |
R1 | 18.96 | 0.92% |
Price | 18.79 | |
S1 | 18.65 | -0.745% |
S2 | 18.55 | -1.26% |
S3 | 18.40 | -2.09% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.53 | 3.94% |
R2 | 19.19 | 2.13% |
R1 | 18.82 | 0.160% |
Price | 18.79 | |
S1 | 18.59 | -1.06% |
S2 | 17.77 | -5.43% |
S3 | 16.09 | -14.37% |
601126 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 26, 2024 | Apr 26, 2024 | Apr 26, 2024 | $0.600 | 4.03% |
2 | May 10, 2023 | May 10, 2023 | May 10, 2023 | $0.615 | 4.55% |
3 | May 20, 2022 | May 20, 2022 | May 20, 2022 | $0.500 | 3.63% |
4 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | $0.98 | 13.37% |
5 | Jul 08, 2020 | Jul 08, 2020 | Jul 08, 2020 | $0.178 | 2.74% |
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