Xinfengming Group Co., Ltd. Stock Forecast
Xinfengming Group Co., Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Xinfengming Group Co., Ltd. stock price fell by -0.379% on the last day (Wednesday, 26th Jun 2024) from $15.82 to $15.76. During the last trading day the stock fluctuated 2.38% from a day low at $15.55 to a day high of $15.92. The price has risen in 6 of the last 10 days and is up by 9.37% over the past 2 weeks. 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 -12 million shares and in total, 11 million shares were bought and sold for approximately $177.06 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $15.92 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.05% during the next 3 months and, with a 90% probability hold a price between $14.08 and $16.24 at the end of this 3-month period.
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603225.SS Signals & Forecast
The Xinfengming Group 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 $15.28 and $14.80. 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). 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 25, 2024, and so far it has fallen -0.379%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A buy signal from a double bottom formation was found on Tuesday, June 11, 2024 with a target of $15.23. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Xinfengming Group Co., Ltd. stock
Xinfengming Group Co., Ltd. finds support from accumulated volume at $15.56 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 $0.370 between high and low, or 2.38%. For the last week, the stock has had daily average volatility of 3.87%.
Our recommended stop-loss: $15.19 (-3.63%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (603225.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Xinfengming Group Co., Ltd. to open at $15.74, and during the day (based on 14 day Average True Range), to move between $15.21 and $16.31, which gives a possible trading interval of +/-$0.554 (+/-3.52%) up or down from last closing price. If Xinfengming Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.82 (0.38%) than the support at $15.56 (1.27%), 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 Xinfengming Group 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 Xinfengming Group Co., Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.717 Buy Candidate Upgraded
Predicted Opening Price for Xinfengming Group Co., Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $15.74 ( 0.106%) | $15.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603225.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.11 | 2.24% |
| R2 | 15.97 | 1.35% |
| R1 | 15.88 | 0.791% |
| Price | 15.76 | |
| S1 | 15.60 | -1.00% |
| S2 | 15.51 | -1.56% |
| S3 | 15.37 | -2.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 15.82 | 0.381% |
| Price | 15.76 | |
| S1 | 15.56 | -1.27% |
| S2 | 15.41 | -2.22% |
| S3 | 15.31 | -2.86% |
603225 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | $0.255 | 1.81% |
| 2 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | $0.225 | 1.98% |
| 3 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | $0.130 | 0.657% |
| 4 | May 18, 2020 | May 18, 2020 | May 18, 2020 | $0.130 | 1.32% |
| 5 | Mar 28, 2019 | Mar 28, 2019 | Mar 28, 2019 | $0.129 | 0.91% |
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