Wuxi NCE Power Co., Ltd. Stock Forecast
Wuxi NCE Power Co., Ltd. stock price down 1.02% on Tuesday
(Updated on Jun 18, 2024)
The Wuxi NCE Power Co., Ltd. stock price fell by -1.02% on the last day (Tuesday, 18th Jun 2024) from $32.40 to $32.07. During the last trading day the stock fluctuated 3.28% from a day low at $31.66 to a day high of $32.70. The price has risen in 7 of the last 10 days but is still down by -14.48% 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 -12 million shares and in total, 24 million shares were bought and sold for approximately $771.79 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 $30.37 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Wuxi NCE Power Co., Ltd. stock with a 90% probability to be traded between $30.18 and $41.71 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.
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605111.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 5.56%. 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 Wuxi NCE Power 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 $36.86 and $37.72. A break-up above any of these levels will issue buy signals. 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 Wuxi NCE Power Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $30.38. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 $1.04 between high and low, or 3.28%. For the last week, the stock has had daily average volatility of 5.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (605111.SS) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Wuxi NCE Power Co., Ltd. to open at $32.14, and during the day (based on 14 day Average True Range), to move between $29.65 and $34.49, which gives a possible trading interval of +/-$2.42 (+/-7.53%) up or down from last closing price. If Wuxi NCE Power Co., Ltd. takes out the full calculated possible swing range there will be an estimated 15.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.40 (1.03%) than the support at $30.38 (5.27%), 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 Wuxi NCE Power Co., Ltd. stock A Buy?
Wuxi NCE Power 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: -3.711 Sell Candidate Unchanged
Predicted Opening Price for Wuxi NCE Power Co., Ltd. of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| $32.14 ( 0.229%) | $32.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 605111.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.18 | 3.47% |
| R2 | 32.79 | 2.23% |
| R1 | 32.54 | 1.47% |
| Price | 32.07 | |
| S1 | 31.75 | -1.01% |
| S2 | 31.50 | -1.78% |
| S3 | 31.10 | -3.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.21 | 19.15% |
| R2 | 38.17 | 19.02% |
| R1 | 32.40 | 1.03% |
| Price | 32.07 | |
| S1 | 30.38 | -5.27% |
| S2 | 0 | - |
| S3 | 0 | - |
605111 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 14, 2024 | $0.217 | 0.714% |
| 2 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | $0.409 | 1.09% |
| 3 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | $0.411 | 0.88% |
| 4 | May 12, 2021 | May 12, 2021 | May 12, 2021 | $0.151 | 0.336% |
FAQ
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