Mingxin Automotive Leather . Stock Forecast

Buy or Hold candidate since Nov 06, 2025 Gain 5.43%

The Mingxin Automotive Leather Co., Ltd. stock price gained 2.39% on the last trading day (Tuesday, 18th Nov 2025), rising from $29.76 to $30.47. During the last trading day the stock fluctuated 5.25% from a day low at $29.70 to a day high of $31.26. The price has risen in 6 of the last 10 days and is up by 11.82% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 37 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $84.80 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.21% during the next 3 months and, with a 90% probability hold a price between $28.53 and $41.35 at the end of this 3-month period.

605068.SS Signals & Forecast

Mostly positive signals in the chart today. The Mingxin Automotive Leather Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $29.93 and $27.95. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, October 17, 2025, and so far it has risen 25.49%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Mingxin Automotive Leather Co., Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at $27.56 and $25.54. 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, Mingxin Automotive Leather Co., Ltd. finds support just below today's level at $27.56. If this is broken, then the next support from accumulated volume will be at $25.54 and $23.88.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.56 between high and low, or 5.25%. For the last week, the stock has had daily average volatility of 4.48%.

Our recommended stop-loss: $29.01 (-4.78%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (605068.SS) For The Upcoming Trading Day Of Wednesday 19th

For the upcoming trading day on Wednesday, 19th we expect Mingxin Automotive Leather Co., Ltd. to open at $30.48, and during the day (based on 14 day Average True Range), to move between $29.76 and $31.18, which gives a possible trading interval of +/-$1.42 (+/-4.79%) up or down from last closing price. If Mingxin Automotive Leather Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $32.60 (6.99%) than the support at $27.56 (9.55%), 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 Mingxin Automotive Leather Co., Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mingxin Automotive Leather Co., Ltd. stock to perform well in the short-term.

Current score: 4.760 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on November 19, 2025 - $30.48 ( 0.0219%).

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