Guangdong Champion Asia Electronics Stock Forecast
Volatile ride for Guangdong Champion Asia Electronics stock price on Friday moving between $11.13 and $13.04
(Updated on Jun 28, 2024)
The Guangdong Champion Asia Electronics stock price gained 1.55% on the last trading day (Friday, 28th Jun 2024), rising from $12.29 to $12.48. During the last trading day the stock fluctuated 17.16% from a day low at $11.13 to a day high of $13.04. The price has risen in 6 of the last 10 days and is up by 16.64% over the past 2 weeks. Volume fell on the last day by -19 million shares and in total, 38 million shares were bought and sold for approximately $479.98 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 stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $12.73 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Guangdong Champion Asia Electronics stock with a 90% probability to be traded between $9.19 and $12.94 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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603386.SS Signals & Forecast
The Guangdong Champion Asia Electronics 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 $11.56 and $10.27. 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 Wednesday, June 26, 2024, and so far it has fallen -1.89%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Guangdong Champion Asia Electronics stock
Guangdong Champion Asia Electronics finds support from accumulated volume at $12.29 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 $1.91 between high and low, or 17.16%. For the last week, the stock has had daily average volatility of 12.67%.
Our recommended stop-loss: $12.08 (-3.23%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (603386.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Guangdong Champion Asia Electronics Co.,Ltd. to open at $12.22, and during the day (based on 14 day Average True Range), to move between $11.63 and $13.33, which gives a possible trading interval of +/-$0.85 (+/-6.80%) up or down from last closing price. If Guangdong Champion Asia Electronics Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 13.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.29 (1.52%) than the resistance at $12.72 (1.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangdong Champion Asia Electronics Co.,Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Guangdong Champion Asia Electronics stock to perform well in the short-term period.
Current score: 2.914 Buy Candidate Unchanged
Predicted Opening Price for Guangdong Champion Asia Electronics Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $12.22 ( 2.11%) | $12.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603386.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.13 | 13.19% |
| R2 | 13.40 | 7.35% |
| R1 | 12.95 | 3.74% |
| Price | 12.48 | |
| S1 | 11.49 | -7.96% |
| S2 | 11.04 | -11.57% |
| S3 | 10.31 | -17.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 12.72 | 1.92% |
| Price | 12.48 | |
| S1 | 12.29 | -1.52% |
| S2 | 11.56 | -7.37% |
| S3 | 10.40 | -16.67% |
603386 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2024 | Jun 21, 2024 | Jun 21, 2024 | $0.0860 | 0.795% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | $0.200 | 1.73% |
| 3 | Jul 07, 2022 | Jul 07, 2022 | Jul 07, 2022 | $0.400 | 3.21% |
| 4 | May 24, 2021 | May 24, 2021 | May 24, 2021 | $0.157 | 1.31% |
| 5 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | $0.0359 | 0.351% |
FAQ
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