Guotai Junan Securities Co., Ltd. Stock Forecast
Guotai Junan Securities Co., Ltd. stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Guotai Junan Securities Co., Ltd. stock price fell by -3.35% on the last day (Friday, 28th Jun 2024) from $14.02 to $13.55. During the last trading day the stock fluctuated 2.53% from a day low at $13.44 to a day high of $13.78. The price has fallen in 8 of the last 10 days and is down by -6.16% for this period. Volume has increased on the last day by 12 million 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, 38 million shares were bought and sold for approximately $512.87 million.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $13.57. A reaction back to this level may hold a second chance to get out before further falls.
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601211.SS Signals & Forecast
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 Guotai Junan Securities Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $13.95 and $13.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -6.16%. Further fall is indicated until a new bottom pivot has been found. 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 Guotai Junan Securities Co., Ltd. stock
Guotai Junan Securities Co., Ltd. finds support from accumulated volume at $13.44 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 $0.340 between high and low, or 2.53%. For the last week the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (601211.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Guotai Junan Securities Co., Ltd. to open at $13.59, and during the day (based on 14 day Average True Range), to move between $13.25 and $13.85, which gives a possible trading interval of +/-$0.305 (+/-2.25%) 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 4.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.44 (0.81%) than the resistance at $13.86 (2.29%), 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?
The Guotai Junan Securities Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Guotai Junan Securities Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -3.906 Sell Candidate Downgraded
Predicted Opening Price for Guotai Junan Securities Co., Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$13.59 ( 0.295%) | $13.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601211.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 13.93 | 2.80% |
R2 | 13.80 | 1.85% |
R1 | 13.72 | 1.25% |
Price | 13.55 | |
S1 | 13.46 | -0.663% |
S2 | 13.38 | -1.26% |
S3 | 13.25 | -2.21% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 14.44 | 6.57% |
R2 | 14.06 | 3.76% |
R1 | 13.86 | 2.29% |
Price | 13.55 | |
S1 | 13.44 | -0.81% |
S2 | 13.34 | -1.55% |
S3 | 13.32 | -1.70% |
601211 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 28, 2024 | Jun 28, 2024 | Jun 28, 2024 | $0.400 | 2.96% |
2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | $0.530 | 3.85% |
3 | Jul 15, 2022 | Jul 15, 2022 | Jul 15, 2022 | $0.680 | 4.89% |
4 | Aug 20, 2021 | Aug 20, 2021 | Aug 20, 2021 | $0.560 | 3.30% |
5 | Aug 12, 2020 | Aug 12, 2020 | Aug 12, 2020 | $0.390 | 2.15% |
FAQ
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