China National Nuclear Power Co., Ltd. Stock Forecast
China National Nuclear Power Co., Ltd. stock price ended at $10.38 on Friday, after losing 0%.
(Updated on Jun 21, 2024)
No changes to the price of China National Nuclear Power Co., Ltd. stock on the last trading day (Friday, 21st Jun 2024). During the last trading day the stock fluctuated 1.75% from a day low at $10.26 to a day high of $10.44. The price has risen in 6 of the last 10 days and is up by 2.27% over the past 2 weeks.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $10.56 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.15% during the next 3 months and, with a 90% probability hold a price between $10.96 and $12.06 at the end of this 3-month period.
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601985.SS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -0.479%. 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The China National Nuclear Power Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $10.24 and $9.70. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Friday, May 17, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, May 17, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for China National Nuclear Power Co., Ltd. stock
China National Nuclear Power Co., Ltd. finds support from accumulated volume at $10.03 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 1.75%. For the last week, the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: $10.00 (-3.63%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (601985.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect China National Nuclear Power Co., Ltd. to open at $10.36, and during the day (based on 14 day Average True Range), to move between $10.12 and $10.64, which gives a possible trading interval of +/-$0.264 (+/-2.54%) up or down from last closing price. If China National Nuclear Power Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.40 (0.19%) than the support at $10.03 (3.37%), 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 China National Nuclear Power Co., Ltd. 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 China National Nuclear Power Co., Ltd. stock to perform well in the short-term.
Current score: 1.905 Buy Candidate Unchanged
Predicted Opening Price for China National Nuclear Power Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $10.36 ( 0.193%) | $10.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601985.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.54 | 1.54% |
| R2 | 10.47 | 0.88% |
| R1 | 10.43 | 0.470% |
| Price | 10.38 | |
| S1 | 10.29 | -0.86% |
| S2 | 10.25 | -1.26% |
| S3 | 10.18 | -1.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 10.43 | 0.482% |
| R1 | 10.40 | 0.193% |
| Price | 10.38 | |
| S1 | 10.03 | -3.37% |
| S2 | 9.55 | -8.00% |
| S3 | 9.47 | -8.77% |
601985 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 14, 2023 | Jul 14, 2023 | Jul 14, 2023 | $0.170 | 2.36% |
| 2 | Jul 15, 2022 | Jul 15, 2022 | Jul 15, 2022 | $0.150 | 2.34% |
| 3 | Jul 16, 2021 | Jul 16, 2021 | Jul 16, 2021 | $0.130 | 2.74% |
| 4 | Jul 17, 2020 | Jul 17, 2020 | Jul 17, 2020 | $0.122 | 2.83% |
| 5 | Jul 19, 2019 | Jul 19, 2019 | Jul 19, 2019 | $0.120 | 2.19% |
FAQ
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