Tanyuan Technology Co., Ltd. Stock Forecast
Big movements in Tanyuan Technology Co., Ltd. stock price on Tuesday moving 10.71% between high and low
(Updated on Jun 25, 2024)
The Tanyuan Technology Co., Ltd. stock price fell by -6.45% on the last day (Tuesday, 25th Jun 2024) from $0.310 to $0.290. During the last trading day the stock fluctuated 10.71% from a day low at $0.280 to a day high of $0.310. The price has been going up and down for this period, and there has been a -9.38% loss for the last 2 weeks. Volume has increased on the last day by 7 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, 17 million shares were bought and sold for approximately $4.81 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is -$0.525, a level that may pose a second chance to hit a runner. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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.
603133.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 Tanyuan Technology 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 $0.310 and $2.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -9.38%. 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 Tanyuan Technology 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0300 between high and low, or 10.71%. For the last week, the stock has had daily average volatility of 6.81%.
Tanyuan Technology Co., Ltd. is oversold on RSI14 (1). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603133.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Tanyuan Technology Co., Ltd. to open at $0.293, and during the day (based on 14 day Average True Range), to move between $0.162 and $0.418, which gives a possible trading interval of +/-$0.128 (+/-44.13%) up or down from last closing price. If Tanyuan Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 88.27% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.310, some $0.0200 (6.90%) from the current price of $0.290, our system finds the risk reward not very attractive.
Is Tanyuan Technology Co., Ltd. stock A Buy?
Tanyuan Technology 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: -6.750 Strong Sell Candidate Downgraded
Predicted Opening Price for Tanyuan Technology Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.293 ( 1.15%) | $0.290 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603133.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.323 | 11.49% |
| R2 | 0.312 | 7.54% |
| R1 | 0.305 | 5.10% |
| Price | 0.290 | |
| S1 | 0.282 | -2.80% |
| S2 | 0.275 | -5.24% |
| S3 | 0.263 | -9.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.330 | 13.79% |
| R2 | 0.320 | 10.34% |
| R1 | 0.310 | 6.90% |
| Price | 0.290 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
603133 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2019 | Jun 13, 2019 | Jun 13, 2019 | $0.0770 | 0.515% |
| 2 | Jun 06, 2018 | Jun 06, 2018 | Jun 06, 2018 | $0.0740 | 0.321% |
| 3 | Jun 15, 2017 | Jun 15, 2017 | Jun 15, 2017 | $0.0800 | 0.274% |
FAQ
Click here for our free guide on how to buy Tanyuan Technology Co., Ltd. Stock.
