Hunan Aihua Group Co., Ltd Stock Forecast
Hunan Aihua Group Co., Ltd stock upgraded to Hold/Accumulate.
(Updated on Jun 27, 2024)
The Hunan Aihua Group Co., Ltd stock price fell by -2.21% on the last day (Thursday, 27th Jun 2024) from $14.03 to $13.72. During the last trading day the stock fluctuated 2.19% from a day low at $13.70 to a day high of $14.00. The price has fallen in 6 of the last 10 days and is down by -2.21% 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 -765 thousand shares and in total, 3 million shares were bought and sold for approximately $40.66 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.08% during the next 3 months and, with a 90% probability hold a price between $10.90 and $11.94 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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603989.SS Signals & Forecast
There are mixed signals in the stock today. The Hunan Aihua Group 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 $13.99 and $14.30. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 2.24%. 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).
Support, Risk & Stop-loss for Hunan Aihua Group Co., Ltd stock
Hunan Aihua Group Co., Ltd finds support from accumulated volume at $13.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.300 (2.19%) between high and low. For the last week, the stock has had daily average volatility of 3.89%.
Our recommended stop-loss: $12.98 (-5.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (603989.SS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Hunan Aihua Group Co., Ltd to open at $13.81, and during the day (based on 14 day Average True Range), to move between $13.22 and $14.22, which gives a possible trading interval of +/-$0.501 (+/-3.65%) up or down from last closing price. If Hunan Aihua Group Co., Ltd takes out the full calculated possible swing range there will be an estimated 7.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.58 (1.02%) than the resistance at $14.43 (5.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hunan Aihua Group Co., Ltd stock A Buy?
Hunan Aihua Group Co., Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.960 Hold/Accumulate Upgraded
Predicted Opening Price for Hunan Aihua Group Co., Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $13.81 ( 0.632%) | $13.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603989.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.11 | 2.82% |
| R2 | 13.99 | 1.98% |
| R1 | 13.92 | 1.47% |
| Price | 13.72 | |
| S1 | 13.69 | -0.204% |
| S2 | 13.62 | -0.720% |
| S3 | 13.51 | -1.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.81 | 7.94% |
| R2 | 14.45 | 5.32% |
| R1 | 14.43 | 5.17% |
| Price | 13.72 | |
| S1 | 13.58 | -1.02% |
| S2 | 13.57 | -1.09% |
| S3 | 13.55 | -1.24% |
603989 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jun 28, 2024 | $0.265 | 1.93% |
| 2 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | $0.300 | 1.42% |
| 3 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | $0.300 | 1.09% |
| 4 | Jun 24, 2021 | Jun 24, 2021 | Jun 24, 2021 | $0.320 | 1.03% |
| 5 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | $0.300 | 1.08% |
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