Huadian Heavy Industries Co., Ltd. Stock Forecast
Stronger technical forecast for Huadian Heavy Industries Co., Ltd. stock price after Wednesday trading.
(Updated on Jun 26, 2024)
The Huadian Heavy Industries Co., Ltd. stock price gained 2.29% on the last trading day (Wednesday, 26th Jun 2024), rising from $4.80 to $4.91. During the last trading day the stock fluctuated 3.80% from a day low at $4.74 to a day high of $4.92. The price has fallen in 7 of the last 10 days and is down by -7.53% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 689 thousand more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $27.07 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.79 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.69% during the next 3 months and, with a 90% probability hold a price between $4.18 and $4.89 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
601226.SS Signals & Forecast
There are mixed signals in the stock today. The Huadian Heavy Industries Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $5.05 and $5.48. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 2.29%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Huadian Heavy Industries Co., Ltd. stock
Huadian Heavy Industries Co., Ltd. finds support from accumulated volume at $4.86 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 $0.180 between high and low, or 3.80%. For the last week, the stock has had daily average volatility of 3.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (601226.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Huadian Heavy Industries Co., Ltd. to open at $4.86, and during the day (based on 14 day Average True Range), to move between $4.76 and $5.06, which gives a possible trading interval of +/-$0.150 (+/-3.06%) up or down from last closing price. If Huadian Heavy Industries Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.86 (1.02%) than the resistance at $5.73 (16.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Huadian Heavy Industries Co., Ltd. stock A Buy?
Huadian Heavy Industries Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.647 Sell Candidate Upgraded
Predicted Opening Price for Huadian Heavy Industries Co., Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $4.86 ( 1.09%) | $4.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601226.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.04 | 2.58% |
| R2 | 4.97 | 1.18% |
| R1 | 4.93 | 0.314% |
| Price | 4.91 | |
| S1 | 4.79 | -2.49% |
| S2 | 4.75 | -3.35% |
| S3 | 4.68 | -4.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.00 | 22.20% |
| R2 | 5.89 | 19.96% |
| R1 | 5.73 | 16.70% |
| Price | 4.91 | |
| S1 | 4.86 | -1.02% |
| S2 | 4.80 | -2.24% |
| S3 | 0 | - |
601226 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | $0.100 | 1.31% |
| 2 | Jul 29, 2022 | Jul 29, 2022 | Jul 29, 2022 | $0.0850 | 1.45% |
| 3 | Jul 30, 2021 | Jul 30, 2021 | Jul 30, 2021 | $0.0257 | 0.674% |
| 4 | Jul 31, 2020 | Jul 31, 2020 | Jul 31, 2020 | $0.0300 | 0.719% |
| 5 | Jul 31, 2019 | Jul 31, 2019 | Jul 31, 2019 | $0.0150 | 0.347% |
FAQ
Click here for our free guide on how to buy Huadian Heavy Industries Co., Ltd. Stock.
