Harbin VITI Electronics Co., Ltd. Stock Forecast
Harbin VITI Electronics Co., Ltd. stock downgraded to Strong Sell Candidate
(Updated on Jun 25, 2024)
The Harbin VITI Electronics Co., Ltd. stock price fell by -4.73% on the last day (Tuesday, 25th Jun 2024) from $1.69 to $1.61. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0% from a day low at $1.61 to a day high of $1.61. The price has fallen in 6 of the last 10 days and is down by -5.85% 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 -574 thousand shares and in total, 529 thousand shares were bought and sold for approximately $851.37 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -56.40% during the next 3 months and, with a 90% probability hold a price between $0.356 and $0.83 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.
603023.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 Harbin VITI Electronics 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 $1.80 and $1.99. 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 -17.01%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Harbin VITI Electronics Co., Ltd. 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.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603023.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Harbin VITI Electronics Co., Ltd. to open at $1.61, and during the day (based on 14 day Average True Range), to move between $1.49 and $1.73, which gives a possible trading interval of +/-$0.115 (+/-7.16%) up or down from last closing price. If Harbin VITI Electronics Co., Ltd. takes out the full calculated possible swing range there will be an estimated 14.31% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.71, some $0.1000 (6.21%) from the current price of $1.61, our system finds the risk reward not very attractive.
Is Harbin VITI Electronics Co., Ltd. stock A Buy?
Harbin VITI Electronics Co., Ltd. holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.183 Strong Sell Candidate Downgraded
Predicted Opening Price for Harbin VITI Electronics Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $1.61 ( 0%) | $1.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603023.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.61 | - |
| R2 | 1.61 | - |
| R1 | 1.61 | - |
| Price | 1.61 | |
| S1 | 1.61 | - |
| S2 | 1.61 | - |
| S3 | 1.61 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.87 | 16.15% |
| R2 | 1.78 | 10.56% |
| R1 | 1.71 | 6.21% |
| Price | 1.61 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
603023 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2023 | Jul 18, 2023 | Jul 18, 2023 | $0.0500 | 0.99% |
| 2 | Jun 09, 2020 | Jun 09, 2020 | Jun 09, 2020 | $0.0840 | 1.79% |
| 3 | Jun 13, 2019 | Jun 13, 2019 | Jun 13, 2019 | $0.0700 | 1.87% |
| 4 | Jun 12, 2018 | Jun 12, 2018 | Jun 12, 2018 | $0.0700 | 1.54% |
| 5 | Jun 22, 2017 | Jun 22, 2017 | Jun 22, 2017 | $0.0700 | 0.88% |
FAQ
Click here for our free guide on how to buy Harbin VITI Electronics Co., Ltd. Stock.
