Changzhou Xingyu Automotive Lighting Stock Forecast
Changzhou Xingyu Automotive Lighting stock price ended at $115.79 on Monday, after losing 3.69%.
(Updated on Jun 24, 2024)
The Changzhou Xingyu Automotive Lighting stock price fell by -3.69% on the last day (Monday, 24th Jun 2024) from $120.23 to $115.79. During the last trading day the stock fluctuated 3.98% from a day low at $115.60 to a day high of $120.20. The price has risen in 6 of the last 10 days but is still down by -8.47% for this period. Volume has increased on the last day by 569 thousand 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, 1 million shares were bought and sold for approximately $167.08 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 $113.96 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.15% during the next 3 months and, with a 90% probability hold a price between $96.69 and $110.31 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.
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601799.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 Changzhou Xingyu Automotive Lighting 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 $121.31 and $127.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -19.02%. 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 Changzhou Xingyu Automotive Lighting stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $4.60 between high and low, or 3.98%. For the last week the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (601799.SS) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Changzhou Xingyu Automotive Lighting Systems Co.,Ltd. to open at $117.20, and during the day (based on 14 day Average True Range), to move between $111.59 and $119.99, which gives a possible trading interval of +/-$4.20 (+/-3.62%) up or down from last closing price. If Changzhou Xingyu Automotive Lighting Systems Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.25% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $119.52, some $3.73 (3.22%) from the current price of $115.79, our system finds the risk reward not very attractive.
Is Changzhou Xingyu Automotive Lighting Systems Co.,Ltd. stock A Buy?
Changzhou Xingyu Automotive Lighting holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.531 Sell Candidate Unchanged
Predicted Opening Price for Changzhou Xingyu Automotive Lighting Systems Co.,Ltd. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $117.20 ( 1.21%) | $115.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601799.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 121.80 | 5.19% |
| R2 | 120.04 | 3.67% |
| R1 | 118.95 | 2.73% |
| Price | 115.79 | |
| S1 | 115.44 | -0.303% |
| S2 | 114.35 | -1.24% |
| S3 | 112.60 | -2.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 128.51 | 10.99% |
| R2 | 126.16 | 8.96% |
| R1 | 119.52 | 3.22% |
| Price | 115.79 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
601799 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jun 06, 2024 | $1.20 | 0.96% |
| 2 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | $1.10 | 0.95% |
| 3 | May 09, 2022 | May 09, 2022 | May 09, 2022 | $1.10 | 0.85% |
| 4 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | $1.30 | 0.632% |
| 5 | Jun 08, 2020 | Jun 08, 2020 | Jun 08, 2020 | $1.00 | 0.89% |
FAQ
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