Kehua Holdings Co., Ltd. Stock Forecast
Green day on Friday for Kehua Holdings Co., Ltd. stock after gaining 1.19%
(Updated on Jun 21, 2024)
The Kehua Holdings Co., Ltd. stock price gained 1.19% on the last trading day (Friday, 21st Jun 2024), rising from $15.11 to $15.29. During the last trading day the stock fluctuated 2.81% from a day low at $14.97 to a day high of $15.39. The price has risen in 6 of the last 10 days and is up by 5.09% over the past 2 weeks. Volume fell on the last day by -459 thousand shares and in total, 1 million shares were bought and sold for approximately $18.04 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.26% during the next 3 months and, with a 90% probability hold a price between $14.62 and $18.75 at the end of this 3-month period.
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603161.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 5.09%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kehua Holdings 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 $15.41 and $15.94. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Kehua Holdings Co., Ltd. stock
Kehua Holdings Co., Ltd. finds support from accumulated volume at $14.90 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 $0.420 between high and low, or 2.81%. For the last week, the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603161.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Kehua Holdings Co., Ltd. to open at $15.22, and during the day (based on 14 day Average True Range), to move between $14.81 and $15.77, which gives a possible trading interval of +/-$0.485 (+/-3.17%) up or down from last closing price. If Kehua Holdings Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.90 (2.55%) than the resistance at $16.32 (6.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kehua Holdings Co., Ltd. stock A Buy?
The Kehua Holdings Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Kehua Holdings Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.047 Sell Candidate Unchanged
Predicted Opening Price for Kehua Holdings Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $15.22 ( 0.480%) | $15.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603161.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.64 | 2.27% |
| R2 | 15.48 | 1.22% |
| R1 | 15.38 | 0.570% |
| Price | 15.29 | |
| S1 | 15.06 | -1.53% |
| S2 | 14.96 | -2.18% |
| S3 | 14.80 | -3.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.63 | 8.76% |
| R2 | 16.53 | 8.11% |
| R1 | 16.32 | 6.74% |
| Price | 15.29 | |
| S1 | 14.90 | -2.55% |
| S2 | 14.76 | -3.47% |
| S3 | 14.30 | -6.47% |
603161 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 25, 2021 | May 25, 2021 | May 25, 2021 | $0.126 | 0.88% |
| 2 | May 23, 2019 | May 23, 2019 | May 23, 2019 | $0.315 | 2.30% |
| 3 | Jun 21, 2018 | Jun 21, 2018 | Jun 21, 2018 | $0.240 | 1.16% |
FAQ
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