Yonghui Superstores Co., Ltd. Stock Forecast
Red day on Thursday for Yonghui Superstores Co., Ltd.
(Updated on Jul 04, 2024)
The Yonghui Superstores Co., Ltd. stock price fell by -3.36% on the last day (Thursday, 4th Jul 2024) from $2.38 to $2.30. During the last trading day the stock fluctuated 3.04% from a day low at $2.30 to a day high of $2.37. The price has fallen in 7 of the last 10 days and is down by -16.67% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -17 million shares and in total, 117 million shares were bought and sold for approximately $269.16 million.
Given the current short-term trend, the stock is expected to rise 18.29% during the next 3 months and, with a 90% probability hold a price between $2.72 and $3.52 at the end of this 3-month period.
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601933.SS Signals & Forecast
There are few to no technical positive signals at the moment. The Yonghui Superstores 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 $2.43 and $2.56. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -20.42%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Yonghui Superstores Co., Ltd. stock
Yonghui Superstores Co., Ltd. finds support from accumulated volume at $2.25 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 $0.0700 between high and low, or 3.04%. For the last week, the stock has had daily average volatility of 4.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (601933.SS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Yonghui Superstores Co., Ltd. to open at $2.32, and during the day (based on 14 day Average True Range), to move between $2.16 and $2.44, which gives a possible trading interval of +/-$0.138 (+/-6.01%) up or down from last closing price. If Yonghui Superstores Co., Ltd. takes out the full calculated possible swing range there will be an estimated 12.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.25 (2.17%) than the resistance at $2.63 (14.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yonghui Superstores Co., Ltd. stock A Buy?
The Yonghui Superstores Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Yonghui Superstores Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.401 Sell Candidate Unchanged
Predicted Opening Price for Yonghui Superstores Co., Ltd. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $2.32 ( 1.01%) | $2.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601933.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.39 | 4.06% |
| R2 | 2.37 | 2.90% |
| R1 | 2.35 | 2.18% |
| Price | 2.30 | |
| S1 | 2.30 | -0.148% |
| S2 | 2.28 | -0.87% |
| S3 | 2.25 | -2.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.72 | 18.26% |
| R2 | 2.68 | 16.52% |
| R1 | 2.63 | 14.35% |
| Price | 2.30 | |
| S1 | 2.25 | -2.17% |
| S2 | 2.19 | -4.78% |
| S3 | 2.17 | -5.65% |
601933 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | $0.0200 | 0.484% |
| 2 | Jul 21, 2021 | Jul 21, 2021 | Jul 21, 2021 | $0.0204 | 0.471% |
| 3 | Jun 18, 2020 | Jun 18, 2020 | Jun 18, 2020 | $0.130 | 1.40% |
| 4 | Jun 24, 2019 | Jun 24, 2019 | Jun 24, 2019 | $0.110 | 1.05% |
| 5 | May 31, 2018 | May 31, 2018 | May 31, 2018 | $0.150 | 1.56% |
FAQ
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