Jiangsu Xinri E-Vehicle Co., Ltd. Stock Forecast
Jiangsu Xinri E-Vehicle Co., Ltd. stock price ended at $10.52 on Friday, after losing 1.59%.
(Updated on Jun 28, 2024)
The Jiangsu Xinri E-Vehicle Co., Ltd. stock price fell by -1.59% on the last day (Friday, 28th Jun 2024) from $10.69 to $10.52. During the last trading day the stock fluctuated 2.48% from a day low at $10.50 to a day high of $10.76. The price has fallen in 7 of the last 10 days and is down by -6.98% for this period. Volume has increased on the last day by 2 million 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, 3 million shares were bought and sold for approximately $36.73 million.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $10.33 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Jiangsu Xinri E-Vehicle Co., Ltd. stock with a 90% probability to be traded between $10.16 and $12.71 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
603787.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 1.25%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jiangsu Xinri E-Vehicle 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 $10.70 and $11.51. A break-up above any of these levels will issue buy signals. 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 Jiangsu Xinri E-Vehicle Co., Ltd. stock
Jiangsu Xinri E-Vehicle Co., Ltd. finds support from accumulated volume at $10.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.260 between high and low, or 2.48%. For the last week, the stock has had daily average volatility of 3.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (603787.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jiangsu Xinri E-Vehicle Co., Ltd. to open at $10.59, and during the day (based on 14 day Average True Range), to move between $9.98 and $11.06, which gives a possible trading interval of +/-$0.544 (+/-5.18%) up or down from last closing price. If Jiangsu Xinri E-Vehicle Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.43 (0.86%) than the resistance at $11.36 (7.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jiangsu Xinri E-Vehicle Co., Ltd. stock A Buy?
Jiangsu Xinri E-Vehicle 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: -3.947 Sell Candidate Unchanged
Predicted Opening Price for Jiangsu Xinri E-Vehicle Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $10.59 ( 0.697%) | $10.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603787.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.85 | 3.17% |
| R2 | 10.75 | 2.22% |
| R1 | 10.69 | 1.64% |
| Price | 10.52 | |
| S1 | 10.49 | -0.247% |
| S2 | 10.43 | -0.83% |
| S3 | 10.33 | -1.77% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.05 | 24.05% |
| R2 | 12.67 | 20.44% |
| R1 | 11.36 | 7.98% |
| Price | 10.52 | |
| S1 | 10.43 | -0.86% |
| S2 | 10.39 | -1.24% |
| S3 | 10.22 | -2.85% |
603787 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | May 31, 2024 | $0.150 | 1.21% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | $0.500 | 2.86% |
| 3 | Jun 15, 2022 | Jun 15, 2022 | Jun 15, 2022 | $0.0500 | 0.334% |
| 4 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | $0.250 | 0.89% |
| 5 | Jun 09, 2020 | Jun 09, 2020 | Jun 09, 2020 | $0.120 | 0.96% |
FAQ
Click here for our free guide on how to buy Jiangsu Xinri E-Vehicle Co., Ltd. Stock.
