Jiangsu Xinquan Automotive Trim Co.,Ltd. Stock Forecast
Jiangsu Xinquan Automotive Trim Co.,Ltd. stock price down 0.592% on Tuesday
(Updated on Jun 25, 2024)
The Jiangsu Xinquan Automotive Trim Co.,Ltd. stock price fell by -0.592% on the last day (Tuesday, 25th Jun 2024) from $40.56 to $40.32. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.48% from a day low at $40.00 to a day high of $40.99. The price has fallen in 8 of the last 10 days and is down by -6.49% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -919 thousand shares and in total, 2 million shares were bought and sold for approximately $89.11 million.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $40.52 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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603179.SS Signals & Forecast
There are few to no technical positive signals at the moment. The Jiangsu Xinquan Automotive Trim 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 $42.13 and $43.41. 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 -9.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Jiangsu Xinquan Automotive Trim Co.,Ltd. stock
Jiangsu Xinquan Automotive Trim Co.,Ltd. finds support from accumulated volume at $40.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.99 (2.48%) between high and low. For the last week, the stock has had daily average volatility of 3.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603179.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Jiangsu Xinquan Automotive Trim Co.,Ltd. to open at $40.44, and during the day (based on 14 day Average True Range), to move between $38.89 and $41.75, which gives a possible trading interval of +/-$1.43 (+/-3.55%) up or down from last closing price. If Jiangsu Xinquan Automotive Trim Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $40.18 (0.35%) than the resistance at $41.17 (2.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jiangsu Xinquan Automotive Trim Co.,Ltd. stock A Buy?
Jiangsu Xinquan Automotive Trim Co.,Ltd. holds several negative signals and is within a 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.
Current score: -3.789 Sell Candidate Unchanged
Predicted Opening Price for Jiangsu Xinquan Automotive Trim Co.,Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $40.44 ( 0.289%) | $40.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603179.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.43 | 2.74% |
| R2 | 41.05 | 1.81% |
| R1 | 40.81 | 1.23% |
| Price | 40.32 | |
| S1 | 40.06 | -0.649% |
| S2 | 39.82 | -1.23% |
| S3 | 39.45 | -2.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.70 | 8.38% |
| R2 | 42.04 | 4.27% |
| R1 | 41.17 | 2.11% |
| Price | 40.32 | |
| S1 | 40.18 | -0.347% |
| S2 | 0 | - |
| S3 | 0 | - |
603179 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | $0.300 | 0.744% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | $0.300 | 0.769% |
| 3 | Apr 26, 2022 | Apr 26, 2022 | Apr 26, 2022 | $0.300 | 1.48% |
| 4 | May 12, 2021 | May 12, 2021 | May 12, 2021 | $0.231 | 1.05% |
| 5 | May 19, 2020 | May 19, 2020 | May 19, 2020 | $0.237 | 1.57% |
FAQ
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