Beijing Sifang Automation Co.,Ltd Stock Forecast
Beijing Sifang Automation Co.,Ltd stock downgraded to Hold/Accumulate
(Updated on Jun 26, 2024)
The Beijing Sifang Automation Co.,Ltd stock price gained 0.92% on the last trading day (Wednesday, 26th Jun 2024), rising from $18.50 to $18.67. During the last trading day the stock fluctuated 2.75% from a day low at $18.21 to a day high of $18.71. The price has been going up and down for this period, and there has been a 1.41% gain for the last 2 weeks. Volume fell on the last day by -7 million shares and in total, 8 million shares were bought and sold for approximately $150.41 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 25.95% during the next 3 months and, with a 90% probability hold a price between $22.23 and $25.68 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 $19.01. On a fall, the stock will find some support from the long-term average at approximately $17.85. 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. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 -6.46%. 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).
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 $0.500 between high and low, or 2.75%. For the last week, the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: $17.97 (-3.75%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (601126.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Beijing Sifang Automation Co.,Ltd to open at $18.53, and during the day (based on 14 day Average True Range), to move between $17.96 and $19.38, which gives a possible trading interval of +/-$0.710 (+/-3.80%) 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 7.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.59 (0.43%) than the resistance at $18.82 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beijing Sifang Automation Co.,Ltd stock A Buy?
Beijing Sifang Automation Co.,Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: 0.563 Hold/Accumulate Downgraded
Predicted Opening Price for Beijing Sifang Automation Co.,Ltd of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$18.53 ( 0.750%) | $18.67 |
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 | 19.03 | 1.93% |
R2 | 18.84 | 0.91% |
R1 | 18.72 | 0.273% |
Price | 18.67 | |
S1 | 18.34 | -1.77% |
S2 | 18.22 | -2.40% |
S3 | 18.03 | -3.43% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.53 | 4.61% |
R2 | 19.19 | 2.79% |
R1 | 18.82 | 0.80% |
Price | 18.67 | |
S1 | 18.59 | -0.428% |
S2 | 17.77 | -4.82% |
S3 | 16.09 | -13.82% |
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% |
FAQ
Click here for our free guide on how to buy Beijing Sifang Automation Co.,Ltd Stock.