Guangxi LiuYao Group Co., Ltd Stock Forecast
Guangxi LiuYao Group Co., Ltd stock price up 0.114% on Friday
(Updated on Jun 28, 2024)
The Guangxi LiuYao Group Co., Ltd stock price gained 0.114% on the last trading day (Friday, 28th Jun 2024), rising from $17.48 to $17.50. During the last trading day the stock fluctuated 1.78% from a day low at $17.39 to a day high of $17.70. The price has fallen in 6 of the last 10 days and is down by -7.41% for this period. Volume fell on the last day by -592 thousand shares and in total, 6 million shares were bought and sold for approximately $100.47 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $17.43 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.94% during the next 3 months and, with a 90% probability hold a price between $15.53 and $19.86 at the end of this 3-month period.
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603368.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.114%. 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 Guangxi LiuYao Group 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 $17.74 and $20.78. 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 Guangxi LiuYao Group Co., Ltd stock
Guangxi LiuYao Group Co., Ltd finds support from accumulated volume at $17.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.310 between high and low, or 1.78%. For the last week, the stock has had daily average volatility of 2.48%.
Guangxi LiuYao Group Co., Ltd is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603368.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Guangxi LiuYao Group Co., Ltd to open at $17.53, and during the day (based on 14 day Average True Range), to move between $16.95 and $18.05, which gives a possible trading interval of +/-$0.546 (+/-3.12%) up or down from last closing price. If Guangxi LiuYao Group Co., Ltd takes out the full calculated possible swing range there will be an estimated 6.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.48 (0.11%) than the resistance at $17.91 (2.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangxi LiuYao Group Co., Ltd stock A Buy?
Guangxi LiuYao Group Co., Ltd holds several negative signals and is within a very 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: -2.634 Sell Candidate Unchanged
Predicted Opening Price for Guangxi LiuYao Group Co., Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $17.53 ( 0.171%) | $17.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603368.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.84 | 1.94% |
| R2 | 17.72 | 1.27% |
| R1 | 17.65 | 0.85% |
| Price | 17.50 | |
| S1 | 17.41 | -0.505% |
| S2 | 17.34 | -0.92% |
| S3 | 17.22 | -1.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.90 | 8.00% |
| R2 | 18.86 | 7.77% |
| R1 | 17.91 | 2.34% |
| Price | 17.50 | |
| S1 | 17.48 | -0.114% |
| S2 | 0 | - |
| S3 | 0 | - |
603368 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2024 | Jun 11, 2024 | Jun 11, 2024 | $0.600 | 2.93% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | $0.508 | 2.32% |
| 3 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | $0.480 | 3.12% |
| 4 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | $0.600 | 3.00% |
| 5 | Jun 24, 2020 | Jun 24, 2020 | Jun 24, 2020 | $0.680 | 2.88% |
FAQ
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