Xinjiang Xintai Natural Gas Co., Ltd. Stock Forecast
Xinjiang Xintai Natural Gas Co., Ltd. stock price ended at $35.26 on Wednesday, after gaining 1.58%.
(Updated on Jun 26, 2024)
The Xinjiang Xintai Natural Gas Co., Ltd. stock price gained 1.58% on the last trading day (Wednesday, 26th Jun 2024), rising from $34.71 to $35.26. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.83% from a day low at $34.33 to a day high of $35.30. The price has been going up and down for this period, and there has been a 5.57% gain for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 4 million shares were bought and sold for approximately $138.62 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 upper part of a 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 $35.70 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.49% during the next 3 months and, with a 90% probability hold a price between $35.56 and $38.02 at the end of this 3-month period.
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603393.SS Signals & Forecast
Mostly positive signals in the chart today. The Xinjiang Xintai Natural Gas 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 $34.06 and $33.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 7.50%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Xinjiang Xintai Natural Gas Co., Ltd. stock
Xinjiang Xintai Natural Gas Co., Ltd. finds support from accumulated volume at $34.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.97 between high and low, or 2.83%. For the last week the stock has had daily average volatility of 3.07%.
Our recommended stop-loss: $34.15 (-3.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (603393.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Xinjiang Xintai Natural Gas Co., Ltd. to open at $34.96, and during the day (based on 14 day Average True Range), to move between $34.30 and $36.22, which gives a possible trading interval of +/-$0.96 (+/-2.73%) up or down from last closing price. If Xinjiang Xintai Natural Gas Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.47% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $34.18, some $1.08 (3.06%) from the current price of $35.26, our system finds the risk reward attractive.
Is Xinjiang Xintai Natural Gas Co., Ltd. stock A Buy?
Xinjiang Xintai Natural Gas Co., Ltd. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 8.186 Strong Buy Candidate Unchanged
Predicted Opening Price for Xinjiang Xintai Natural Gas Co., Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $34.96 ( 0.84%) | $35.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603393.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.93 | 1.91% |
| R2 | 35.56 | 0.86% |
| R1 | 35.33 | 0.210% |
| Price | 35.26 | |
| S1 | 34.59 | -1.89% |
| S2 | 34.36 | -2.54% |
| S3 | 33.99 | -3.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 35.26 | |
| S1 | 34.18 | -3.06% |
| S2 | 32.99 | -6.44% |
| S3 | 32.34 | -8.28% |
603393 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | $0.600 | 2.35% |
| 2 | May 27, 2022 | May 27, 2022 | May 27, 2022 | $0.550 | 2.58% |
| 3 | May 27, 2021 | May 27, 2021 | May 27, 2021 | $0.500 | 2.61% |
| 4 | May 20, 2020 | May 20, 2020 | May 20, 2020 | $0.476 | 1.72% |
| 5 | May 31, 2019 | May 31, 2019 | May 31, 2019 | $0.425 | 2.69% |
FAQ
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