Xinjiang Winka Times Department Store Stock Forecast
Xinjiang Winka Times Department Store stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Xinjiang Winka Times Department Store stock price gained 1.63% on the last trading day (Wednesday, 26th Jun 2024), rising from $4.91 to $4.99. During the last trading day the stock fluctuated 2.87% from a day low at $4.87 to a day high of $5.01. The price has risen in 5 of the last 10 days but is still down by -3.48% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 299 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $11.67 million.
The stock lies in the middle of a 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 -17.71% during the next 3 months and, with a 90% probability hold a price between $3.97 and $4.53 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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603101.SS Signals & Forecast
There are mixed signals in the stock today. The Xinjiang Winka Times Department Store 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 $5.00 and $5.36. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.46%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Xinjiang Winka Times Department Store stock
Xinjiang Winka Times Department Store finds support from accumulated volume at $4.91 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 $0.140 between high and low, or 2.87%. For the last week, the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: $4.70 (-5.79%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (603101.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Xinjiang Winka Times Department Store Co.,Ltd. to open at $4.96, and during the day (based on 14 day Average True Range), to move between $4.82 and $5.16, which gives a possible trading interval of +/-$0.167 (+/-3.34%) up or down from last closing price. If Xinjiang Winka Times Department Store Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.91 (1.60%) than the resistance at $5.10 (2.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xinjiang Winka Times Department Store Co.,Ltd. stock A Buy?
Xinjiang Winka Times Department Store holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.481 Hold/Accumulate Upgraded
Predicted Opening Price for Xinjiang Winka Times Department Store Co.,Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $4.96 ( 0.668%) | $4.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603101.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.10 | 2.14% |
| R2 | 5.04 | 1.07% |
| R1 | 5.01 | 0.404% |
| Price | 4.99 | |
| S1 | 4.90 | -1.74% |
| S2 | 4.87 | -2.40% |
| S3 | 4.82 | -3.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.01 | 20.44% |
| R2 | 5.61 | 12.42% |
| R1 | 5.10 | 2.20% |
| Price | 4.99 | |
| S1 | 4.91 | -1.60% |
| S2 | 4.87 | -2.40% |
| S3 | 0 | - |
603101 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 16, 2018 | Jul 16, 2018 | Jul 16, 2018 | $0.0510 | 0.84% |
| 2 | May 26, 2017 | May 26, 2017 | May 26, 2017 | $0.0413 | 0.509% |
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