Shijiazhuang Kelin Electric Co., Ltd. Stock Forecast
A very red day for Shijiazhuang Kelin Electric Co., Ltd. stock price after a -10.01% fall in the Friday trading session
(Updated on Jun 28, 2024)
The Shijiazhuang Kelin Electric Co., Ltd. stock price fell by -10.01% on the last day (Friday, 28th Jun 2024) from $26.96 to $24.26. During the last trading day the stock fluctuated 2.80% from a day low at $24.26 to a day high of $24.94. The price has been going up and down for this period, and there has been a -5.93% loss for the last 2 weeks. Volume has increased on the last day by 6 million 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, 6 million shares were bought and sold for approximately $154.18 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $24.13 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.99% during the next 3 months and, with a 90% probability hold a price between $23.41 and $30.91 at the end of this 3-month period.
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603050.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 Shijiazhuang Kelin Electric 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 $25.77 and $29.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -24.96%. 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 Shijiazhuang Kelin Electric 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 $0.680 between high and low, or 2.80%. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: $22.97 (-5.32%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (603050.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shijiazhuang Kelin Electric Co., Ltd. to open at $24.49, and during the day (based on 14 day Average True Range), to move between $23.42 and $25.10, which gives a possible trading interval of +/-$0.84 (+/-3.45%) up or down from last closing price. If Shijiazhuang Kelin Electric Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.89% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $26.43, some $2.17 (8.94%) from the current price of $24.26, our system finds the risk reward not very attractive.
Is Shijiazhuang Kelin Electric Co., Ltd. stock A Buy?
Shijiazhuang Kelin Electric Co., Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Shijiazhuang Kelin Electric Co., Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$24.49 ( 0.93%) | $24.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603050.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.17 | 3.74% |
R2 | 24.91 | 2.67% |
R1 | 24.75 | 2.01% |
Price | 24.26 | |
S1 | 24.23 | -0.136% |
S2 | 24.07 | -0.798% |
S3 | 23.81 | -1.87% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 29.13 | 20.07% |
R2 | 26.96 | 11.13% |
R1 | 26.43 | 8.94% |
Price | 24.26 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
603050 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 07, 2024 | Jun 07, 2024 | Jun 07, 2024 | $0.400 | 1.53% |
2 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | $0.500 | 3.86% |
3 | Jun 13, 2022 | Jun 13, 2022 | Jun 13, 2022 | $0.200 | 2.61% |
4 | May 20, 2021 | May 20, 2021 | May 20, 2021 | $0.210 | 2.83% |
5 | May 22, 2020 | May 22, 2020 | May 22, 2020 | $0.170 | 2.39% |
FAQ
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