Guotai Junan Securities Co., Ltd. Stock Forecast

Guotai Junan Securities Co., Ltd. stock upgraded to Hold/Accumulate.
(Updated on Jun 26, 2024)

601211.SS Signals & Forecast

The Guotai Junan Securities 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 $14.10 and $13.92. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, June 18, 2024, and so far it has fallen -2.29%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, May 10, 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 Guotai Junan Securities Co., Ltd. stock

Guotai Junan Securities Co., Ltd. finds support from accumulated volume at $14.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.380 between high and low, or 2.75%. For the last week the stock has had daily average volatility of 1.89%.

Our recommended stop-loss: $13.49 (-4.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (601211.SS) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Guotai Junan Securities Co., Ltd. to open at $14.04, and during the day (based on 14 day Average True Range), to move between $13.81 and $14.41, which gives a possible trading interval of +/-$0.295 (+/-2.09%) up or down from last closing price. If Guotai Junan Securities Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $14.06 (0.35%) than the resistance at $14.18 (0.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Guotai Junan Securities Co., Ltd. stock A Buy?

Guotai Junan Securities Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.690 Hold/Accumulate Upgraded

Predicted Opening Price for Guotai Junan Securities Co., Ltd. of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.