Tanyuan Technology Co., Ltd. Stock Forecast
Tanyuan Technology Co., Ltd. stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
No changes to the price of Tanyuan Technology Co., Ltd. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.290 to a day high of $0.290. The price has been going up and down for this period, and there has been a -6.45% loss for the last 2 weeks.
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 -$0.453, a level that may pose a second chance to hit a runner. According to fan-theory $0.619 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. 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.
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603133.SS Signals & Forecast
There are mixed signals in the stock today. 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 $0.299 and $1.91. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has fallen 0%. 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).
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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 5.70%
Our recommended stop-loss: $0.271 (-6.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (603133.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Tanyuan Technology Co., Ltd. to open at $0.290, and during the day (based on 14 day Average True Range), to move between $0.188 and $0.392, which gives a possible trading interval of +/-$0.102 (+/-35.02%) 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 70.04% 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 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: 0.000 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 Tanyuan Technology Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.290 ( 0%) | $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 | 0.290 | - |
| R2 | 0.290 | - |
| R1 | 0.290 | - |
| Price | 0.290 | |
| S1 | 0.290 | - |
| S2 | 0.290 | - |
| S3 | 0.290 | - |
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% |
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