Ecovacs Robotics Co., Ltd. Stock Forecast
Ecovacs Robotics Co., Ltd. stock price down 0.348% on Tuesday
(Updated on Jun 25, 2024)
The Ecovacs Robotics Co., Ltd. stock price fell by -0.348% on the last day (Tuesday, 25th Jun 2024) from $48.92 to $48.75. During the last trading day the stock fluctuated 3.69% from a day low at $48.49 to a day high of $50.28. The price has fallen in 6 of the last 10 days and is down by -1.91% for this period. Volume has increased on the last day by 208 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, 7 million shares were bought and sold for approximately $325.26 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $48.17 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 39.09% during the next 3 months and, with a 90% probability hold a price between $67.00 and $99.98 at the end of this 3-month period.
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603486.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 Ecovacs Robotics 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 $49.10 and $52.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -20.87%. 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 Ecovacs Robotics Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $41.85 and $41.38. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ecovacs Robotics Co., Ltd. finds support just below today's level at $41.85. If this is broken, then the next support from accumulated volume will be at $41.38 and $38.84.
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 $1.79 between high and low, or 3.69%. For the last week, the stock has had daily average volatility of 3.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603486.SS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ecovacs Robotics Co., Ltd. to open at $49.17, and during the day (based on 14 day Average True Range), to move between $46.79 and $50.71, which gives a possible trading interval of +/-$1.96 (+/-4.03%) up or down from last closing price. If Ecovacs Robotics Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.55 (1.64%) than the support at $41.85 (14.15%), 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 Ecovacs Robotics Co., Ltd. stock A Buy?
The Ecovacs Robotics Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Ecovacs Robotics Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.326 Sell Candidate Unchanged
Predicted Opening Price for Ecovacs Robotics Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $49.17 ( 0.87%) | $48.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603486.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.96 | 4.54% |
| R2 | 50.28 | 3.14% |
| R1 | 49.86 | 2.27% |
| Price | 48.75 | |
| S1 | 48.49 | -0.534% |
| S2 | 48.07 | -1.40% |
| S3 | 47.38 | -2.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.21 | 13.25% |
| R2 | 52.20 | 7.08% |
| R1 | 49.55 | 1.64% |
| Price | 48.75 | |
| S1 | 41.85 | -14.15% |
| S2 | 41.38 | -15.12% |
| S3 | 38.84 | -20.33% |
603486 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2024 | Jun 21, 2024 | Jun 21, 2024 | $0.300 | 0.618% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | $0.90 | 1.23% |
| 3 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | $1.10 | 0.97% |
| 4 | Jun 18, 2021 | Jun 18, 2021 | Jun 18, 2021 | $0.500 | 0.259% |
| 5 | Jun 12, 2019 | Jun 12, 2019 | Jun 12, 2019 | $0.286 | 0.97% |
FAQ
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