Shaanxi Coal Industry Company Limited Stock Forecast
Shaanxi Coal Industry Company Limited stock price ended at $26.80 on Wednesday, after losing 0%.
(Updated on Jun 26, 2024)
No changes to the price of Shaanxi Coal Industry Company Limited stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 1.96% from a day low at $26.53 to a day high of $27.05. The price has fallen in 7 of the last 10 days and is down by -3.63% for this period.
The stock lies in the middle of a wide and weak 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 6.45% during the next 3 months and, with a 90% probability hold a price between $26.55 and $30.36 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.
601225.SS Signals & Forecast
The Shaanxi Coal Industry Company Limited 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 $27.09. On a fall, the stock will find some support from the long-term average at approximately $26.07. 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. The volume rose on the last day while price remained unchanged. This may be an early warning and 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 Wednesday, June 12, 2024, and so far it has fallen -3.63%. 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 Shaanxi Coal Industry Company Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $25.06 and $24.23. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Shaanxi Coal Industry Company Limited finds support just below today's level at $25.06. If this is broken, then the next support from accumulated volume will be at $24.23 and $23.89.
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 $0.520 (1.96%) between high and low. For the last week, the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: $25.48 (-4.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (601225.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Shaanxi Coal Industry Company Limited to open at $26.79, and during the day (based on 14 day Average True Range), to move between $26.01 and $27.59, which gives a possible trading interval of +/-$0.786 (+/-2.93%) up or down from last closing price. If Shaanxi Coal Industry Company Limited takes out the full calculated possible swing range there will be an estimated 5.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.97 (0.63%) than the support at $25.06 (6.49%), 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 Shaanxi Coal Industry Company Limited 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 Shaanxi Coal Industry Company Limited stock to perform well in the short-term.
Current score: 1.573 Buy Candidate Unchanged
Predicted Opening Price for Shaanxi Coal Industry Company Limited of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$26.79 ( 0.0249%) | $26.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601225.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 27.31 | 1.92% |
R2 | 27.11 | 1.17% |
R1 | 26.99 | 0.716% |
Price | 26.80 | |
S1 | 26.59 | -0.766% |
S2 | 26.47 | -1.22% |
S3 | 26.27 | -1.97% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 27.81 | 3.77% |
R2 | 27.07 | 1.01% |
R1 | 26.97 | 0.634% |
Price | 26.80 | |
S1 | 25.06 | -6.49% |
S2 | 24.23 | -9.59% |
S3 | 23.89 | -10.86% |
601225 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 28, 2024 | Jun 28, 2024 | Jun 28, 2024 | $1.32 | 4.88% |
2 | Jul 12, 2023 | Jul 12, 2023 | Jul 12, 2023 | $2.18 | 12.97% |
3 | Jul 08, 2022 | Jul 08, 2022 | Jul 08, 2022 | $1.35 | 6.74% |
4 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | $0.80 | 7.71% |
5 | Jul 10, 2020 | Jul 10, 2020 | Jul 10, 2020 | $0.360 | 4.57% |
FAQ
Click here for our free guide on how to buy Shaanxi Coal Industry Company Limited Stock.