Xinyaqiang Silicon Chemistry Co.,Ltd Stock Forecast
High volatility in Xinyaqiang Silicon Chemistry Co.,Ltd stock price on Friday which ended trading at $10.96
(Updated on Jun 28, 2024)
The Xinyaqiang Silicon Chemistry Co.,Ltd stock price fell by -1.97% on the last day (Friday, 28th Jun 2024) from $11.18 to $10.96. During the last trading day the stock fluctuated 11.82% from a day low at $10.66 to a day high of $11.92. The price has fallen in 5 of the last 10 days and is down by -27.66% for this period. Volume has increased on the last day by 5 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, 7 million shares were bought and sold for approximately $77.63 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 $10.05 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -27.22% during the next 3 months and, with a 90% probability hold a price between $7.31 and $10.69 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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603155.SS Signals & Forecast
There are mixed signals in the stock today. The Xinyaqiang Silicon Chemistry Co.,Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $14.81. On a fall, the stock will find some support from the short-term average at $10.82. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 5.18%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Xinyaqiang Silicon Chemistry Co.,Ltd stock
Xinyaqiang Silicon Chemistry Co.,Ltd finds support from accumulated volume at $10.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.26 between high and low, or 11.82%. For the last week, the stock has had daily average volatility of 6.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603155.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xinyaqiang Silicon Chemistry Co.,Ltd to open at $11.18, and during the day (based on 14 day Average True Range), to move between $10.18 and $11.74, which gives a possible trading interval of +/-$0.781 (+/-7.13%) up or down from last closing price. If Xinyaqiang Silicon Chemistry Co.,Ltd takes out the full calculated possible swing range there will be an estimated 14.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.01 (0.46%) than the support at $10.75 (1.92%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Xinyaqiang Silicon Chemistry Co.,Ltd stock A Buy?
Xinyaqiang Silicon Chemistry Co.,Ltd holds several negative signals and we believe that 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: -5.054 Strong Sell Candidate Downgraded
Predicted Opening Price for Xinyaqiang Silicon Chemistry Co.,Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $11.18 ( 2.01%) | $10.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603155.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.44 | 13.50% |
| R2 | 11.96 | 9.11% |
| R1 | 11.66 | 6.40% |
| Price | 10.96 | |
| S1 | 10.70 | -2.38% |
| S2 | 10.40 | -5.10% |
| S3 | 9.92 | -9.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.24 | 2.55% |
| R2 | 11.18 | 2.01% |
| R1 | 11.01 | 0.456% |
| Price | 10.96 | |
| S1 | 10.75 | -1.92% |
| S2 | 10.66 | -2.74% |
| S3 | 10.54 | -3.83% |
603155 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | $1.00 | 5.39% |
| 2 | May 26, 2022 | May 26, 2022 | May 26, 2022 | $1.00 | 4.31% |
| 3 | Jun 21, 2021 | Jun 21, 2021 | Jun 21, 2021 | $0.379 | 1.82% |
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