Beijing Yuanliu Hongyuan Electronic Stock Forecast
Red day on Friday for Beijing Yuanliu Hongyuan Electronic
(Updated on Jun 21, 2024)
The Beijing Yuanliu Hongyuan Electronic stock price fell by -3.26% on the last day (Friday, 21st Jun 2024) from $34.94 to $33.80. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 3.58% from a day low at $33.79 to a day high of $35.00. The price has fallen in 7 of the last 10 days and is down by -3.29% for this period. Volume has increased on the last day by 244 thousand 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, 5 million shares were bought and sold for approximately $183.01 million.
The stock lies in the middle of a 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 9.85% during the next 3 months and, with a 90% probability hold a price between $35.36 and $42.33 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.
603267.SS Signals & Forecast
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. The Beijing Yuanliu Hongyuan Electronic stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $36.38 and $35.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -11.47%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Beijing Yuanliu Hongyuan Electronic stock
Beijing Yuanliu Hongyuan Electronic finds support from accumulated volume at $33.23 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 $1.21 between high and low, or 3.58%. For the last week, the stock has had daily average volatility of 3.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603267.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. to open at $34.20, and during the day (based on 14 day Average True Range), to move between $32.33 and $35.27, which gives a possible trading interval of +/-$1.47 (+/-4.35%) up or down from last closing price. If Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $33.23 (1.69%) than the resistance at $36.43 (7.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. stock A Buy?
The Beijing Yuanliu Hongyuan Electronic stock holds several negative signals and despite the positive trend, we believe Beijing Yuanliu Hongyuan Electronic will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.314 Sell Candidate Unchanged
Predicted Opening Price for Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $34.20 ( 1.17%) | $33.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603267.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.41 | 4.75% |
| R2 | 34.94 | 3.39% |
| R1 | 34.66 | 2.54% |
| Price | 33.80 | |
| S1 | 33.73 | -0.194% |
| S2 | 33.45 | -1.04% |
| S3 | 32.99 | -2.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.18 | 12.96% |
| R2 | 37.90 | 12.13% |
| R1 | 36.43 | 7.78% |
| Price | 33.80 | |
| S1 | 33.23 | -1.69% |
| S2 | 32.78 | -3.02% |
| S3 | 32.11 | -5.00% |
603267 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 14, 2024 | $0.350 | 1.02% |
| 2 | May 19, 2023 | May 19, 2023 | May 19, 2023 | $0.370 | 0.556% |
| 3 | Jun 09, 2022 | Jun 09, 2022 | Jun 09, 2022 | $0.390 | 0.318% |
| 4 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | $0.370 | 0.300% |
| 5 | Jun 02, 2020 | Jun 02, 2020 | Jun 02, 2020 | $0.0071 | 0.0182% |
FAQ
Click here for our free guide on how to buy Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. Stock.
