Guangdong Tianan New Material Co., Ltd. Stock Forecast
Red day on Friday for Guangdong Tianan New Material Co., Ltd.
(Updated on Jun 28, 2024)
The Guangdong Tianan New Material Co., Ltd. stock price fell by -2.36% on the last day (Friday, 28th Jun 2024) from $6.36 to $6.21. During the last trading day the stock fluctuated 3.23% from a day low at $6.19 to a day high of $6.39. The price has risen in 6 of the last 10 days but is still down by -7.45% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 6 million shares were bought and sold for approximately $36.01 million.
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 $5.58 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.19% during the next 3 months and, with a 90% probability hold a price between $4.23 and $7.91 at the end of this 3-month period.
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603725.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 6.88%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Guangdong Tianan New Material Co., Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.63. On a fall, the stock will find some support from the short-term average at $6.12. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Guangdong Tianan New Material Co., Ltd. stock
Guangdong Tianan New Material Co., Ltd. finds support from accumulated volume at $6.13 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.200 between high and low, or 3.23%. For the last week, the stock has had daily average volatility of 5.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603725.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Guangdong Tianan New Material Co., Ltd. to open at $6.26, and during the day (based on 14 day Average True Range), to move between $5.72 and $6.70, which gives a possible trading interval of +/-$0.486 (+/-7.83%) up or down from last closing price. If Guangdong Tianan New Material Co., Ltd. takes out the full calculated possible swing range there will be an estimated 15.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.13 (1.29%) than the resistance at $6.77 (9.02%), 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 Tianan New Material Co., Ltd. stock A Buy?
Guangdong Tianan New Material Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.580 Sell Candidate Unchanged
Predicted Opening Price for Guangdong Tianan New Material Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $6.26 ( 0.86%) | $6.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603725.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.46 | 4.08% |
| R2 | 6.39 | 2.85% |
| R1 | 6.34 | 2.09% |
| Price | 6.21 | |
| S1 | 6.19 | -0.371% |
| S2 | 6.14 | -1.13% |
| S3 | 6.06 | -2.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.34 | 18.20% |
| R2 | 7.14 | 14.98% |
| R1 | 6.77 | 9.02% |
| Price | 6.21 | |
| S1 | 6.13 | -1.29% |
| S2 | 6.01 | -3.22% |
| S3 | 5.81 | -6.44% |
603725 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 07, 2024 | $0.170 | 2.23% |
| 2 | Jun 22, 2021 | Jun 22, 2021 | Jun 22, 2021 | $0.100 | 1.87% |
| 3 | May 26, 2020 | May 26, 2020 | May 26, 2020 | $0.100 | 2.10% |
| 4 | May 30, 2019 | May 30, 2019 | May 30, 2019 | $0.0857 | 1.53% |
| 5 | May 18, 2018 | May 18, 2018 | May 18, 2018 | $0.0857 | 0.85% |
FAQ
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