Delixi Xinjiang Transportation Co.,Ltd. Stock Forecast
Delixi Xinjiang Transportation Co.,Ltd. stock price ended at $11.30 on Friday, after losing 2.16%.
(Updated on Jun 21, 2024)
The Delixi Xinjiang Transportation Co.,Ltd. stock price fell by -2.16% on the last day (Friday, 21st Jun 2024) from $11.55 to $11.30. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 3.03% from a day low at $11.22 to a day high of $11.56. The price has fallen in 7 of the last 10 days and is down by -9.31% 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 -2 million shares and in total, 4 million shares were bought and sold for approximately $48.67 million.
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 -40.21% during the next 3 months and, with a 90% probability hold a price between $4.94 and $9.68 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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603032.SS Signals & Forecast
There are few to no technical positive signals at the moment. The Delixi Xinjiang Transportation 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 $12.38 and $14.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -55.55%. 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 Delixi Xinjiang Transportation 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.340 between high and low, or 3.03%. For the last week, the stock has had daily average volatility of 3.57%.
Delixi Xinjiang Transportation Co.,Ltd. is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603032.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Delixi Xinjiang Transportation Co.,Ltd. to open at $11.36, and during the day (based on 14 day Average True Range), to move between $10.76 and $11.84, which gives a possible trading interval of +/-$0.543 (+/-4.81%) up or down from last closing price. If Delixi Xinjiang Transportation Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 9.62% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $11.55, some $0.250 (2.21%) from the current price of $11.30, our system finds the risk reward not very attractive.
Is Delixi Xinjiang Transportation Co.,Ltd. stock A Buy?
Delixi Xinjiang Transportation 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.
Current score: -6.158 Strong Sell Candidate Unchanged
Predicted Opening Price for Delixi Xinjiang Transportation Co.,Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $11.36 ( 0.531%) | $11.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603032.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.70 | 3.54% |
| R2 | 11.57 | 2.39% |
| R1 | 11.49 | 1.68% |
| Price | 11.30 | |
| S1 | 11.23 | -0.618% |
| S2 | 11.15 | -1.33% |
| S3 | 11.02 | -2.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.73 | 21.50% |
| R2 | 12.46 | 10.27% |
| R1 | 11.55 | 2.21% |
| Price | 11.30 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
603032 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2019 | Jul 12, 2019 | Jul 12, 2019 | $0.0600 | 0.246% |
| 2 | Jun 22, 2018 | Jun 22, 2018 | Jun 22, 2018 | $0.0508 | 0.359% |
| 3 | Jul 07, 2017 | Jul 07, 2017 | Jul 07, 2017 | $0.0833 | 0.219% |
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