RSI low/high Values: [ 25 - 85 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 603955.SS
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Daqian Ecology&Environment Group stock price fell more than -5.39% Thursday closing at $8.25
(Updated on Jul 04, 2024)

Sell candidate since Jun 03, 2024 Loss -19.83% PDF

The Daqian Ecology&Environment Group stock price fell by -5.39% on the last day (Thursday, 4th Jul 2024) from $8.72 to $8.25. During the last trading day the stock fluctuated 6.58% from a day low at $8.21 to a day high of $8.75. The price has fallen in 6 of the last 10 days and is down by -8.13% for this period. Volume has increased on the last day by 869 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, 3 million shares were bought and sold for approximately $20.96 million.

The stock lies the upper part of a very wide and falling 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 $8.61 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -31.12% during the next 3 months and, with a 90% probability hold a price between $4.57 and $5.93 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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603955.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 Daqian Ecology&Environment Group 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 $8.66 and $9.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -31.08%. 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 Daqian Ecology&Environment Group stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.540 between high and low, or 6.58%. For the last week, the stock has had daily average volatility of 3.82%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (603955.SS) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect Daqian Ecology&Environment Group Co.,Ltd. to open at $8.40, and during the day (based on 14 day Average True Range), to move between $7.79 and $8.71, which gives a possible trading interval of +/-$0.461 (+/-5.59%) up or down from last closing price. If Daqian Ecology&Environment Group Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 11.18% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $8.71, some $0.460 (5.58%) from the current price of $8.25, our system finds the risk reward not very attractive.

Is Daqian Ecology&Environment Group Co.,Ltd. stock A Buy?

Daqian Ecology&Environment Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.176 Strong Sell Candidate Downgraded

Predicted Opening Price for Daqian Ecology&Environment Group Co.,Ltd. of Friday, July 5, 2024

Fair opening price July 5, 2024 Current price
$8.40 ( 1.86%) $8.25

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 603955.SS

Fibonacci Support & Resistance Levels

Level Price
R3 8.94 8.40%
R2 8.74 5.90%
R1 8.61 4.36%
Price 8.25
S1 8.20 -0.642%
S2 8.07 -2.19%
S3 7.86 -4.69%

Accumulated Volume Support & Resistance Levels

Level Price
R3 9.31 12.85%
R2 8.72 5.70%
R1 8.71 5.58%
Price 8.25
S1 0 -
S2 0 -
S3 0 -

603955 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 22, 2020 Sep 22, 2020 Sep 22, 2020 $0.500 2.95%
2 Jun 14, 2018 Jun 14, 2018 Jun 14, 2018 $0.0769 0.329%
3 Nov 06, 2017 Nov 06, 2017 Nov 06, 2017 $0.154 0.371%

FAQ

What is the symbol for Daqian Ecology&Environment Group Co.,Ltd. Stock and on which exchange is it traded?
The symbol for Daqian Ecology&Environment Group Co.,Ltd. is 603955.SS and it is traded on the SHH (Shanghai Stock Exchange).

Should I buy or sell Daqian Ecology&Environment Group Co.,Ltd. Stock?
Daqian Ecology&Environment Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

How to buy Daqian Ecology&Environment Group Co.,Ltd. Stock?
Daqian Ecology&Environment Group Co.,Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Daqian Ecology&Environment Group Co.,Ltd. Stock.

What's the current price of Daqian Ecology&Environment Group Co.,Ltd. Stock?
As of the end of day on the Jul 04, 2024, the price of an Daqian Ecology&Environment Group Co.,Ltd. (603955.SS) share was $8.25.

What is the 52-week high and low for Daqian Ecology&Environment Group Co.,Ltd. Stock?
The 52-week high for Daqian Ecology&Environment Group Co.,Ltd. Stock is $21.68 and the 52-week low is $8.21.

What is the market capitalization of Daqian Ecology&Environment Group Co.,Ltd. Stock?
As of the Jul 04, 2024, the market capitalization of Daqian Ecology&Environment Group Co.,Ltd. is 1.183B.

When is the next earnings date for Daqian Ecology&Environment Group Co.,Ltd.?
The upcoming earnings date for Daqian Ecology&Environment Group Co.,Ltd. is May 22, 2025.
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