Quick Intelligent Equipment Co., Ltd. Stock Forecast
Green day on Friday for Quick Intelligent Equipment Co., Ltd.
(Updated on Jun 21, 2024)
The Quick Intelligent Equipment Co., Ltd. stock price gained 0.213% on the last trading day (Friday, 21st Jun 2024), rising from $23.44 to $23.49. During the last trading day the stock fluctuated 3.23% from a day low at $22.91 to a day high of $23.65. The price has risen in 7 of the last 10 days and is up by 13.48% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately $38.70 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 wide and strong 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 17.11% during the next 3 months and, with a 90% probability hold a price between $24.83 and $28.52 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
603203.SS Signals & Forecast
The Quick Intelligent Equipment Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $23.39 and $22.12. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -2.17%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Quick Intelligent Equipment Co., Ltd. stock
Quick Intelligent Equipment Co., Ltd. finds support from accumulated volume at $22.82 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 $0.740 between high and low, or 3.23%. For the last week, the stock has had daily average volatility of 4.77%.
Our recommended stop-loss: $22.48 (-4.32%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (603203.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Quick Intelligent Equipment Co., Ltd. to open at $23.35, and during the day (based on 14 day Average True Range), to move between $22.67 and $24.31, which gives a possible trading interval of +/-$0.82 (+/-3.47%) up or down from last closing price. If Quick Intelligent Equipment Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.80 (1.32%) than the support at $22.82 (2.85%), 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 Quick Intelligent Equipment Co., Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Quick Intelligent Equipment Co., Ltd. stock to perform well in the short-term.
Current score: 3.082 Buy Candidate Unchanged
Predicted Opening Price for Quick Intelligent Equipment Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $23.35 ( 0.596%) | $23.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603203.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.09 | 2.55% |
| R2 | 23.81 | 1.35% |
| R1 | 23.63 | 0.607% |
| Price | 23.49 | |
| S1 | 23.07 | -1.80% |
| S2 | 22.89 | -2.54% |
| S3 | 22.61 | -3.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 24.01 | 2.21% |
| R1 | 23.80 | 1.32% |
| Price | 23.49 | |
| S1 | 22.82 | -2.85% |
| S2 | 22.36 | -4.81% |
| S3 | 21.90 | -6.77% |
603203 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | $1.00 | 3.32% |
| 2 | Jun 13, 2022 | Jun 13, 2022 | Jun 13, 2022 | $1.30 | 5.44% |
| 3 | Jun 23, 2021 | Jun 23, 2021 | Jun 23, 2021 | $0.513 | 2.21% |
| 4 | Jun 24, 2020 | Jun 24, 2020 | Jun 24, 2020 | $0.135 | 0.753% |
| 5 | Jul 05, 2019 | Jul 05, 2019 | Jul 05, 2019 | $0.193 | 1.33% |
FAQ
Click here for our free guide on how to buy Quick Intelligent Equipment Co., Ltd. Stock.
