Kunshan Huguang Auto Harness Co.,Ltd. Stock Forecast
Kunshan Huguang Auto Harness Co.,Ltd. stock price ended at $27.85 on Friday, after gaining 0.397%.
(Updated on Jun 28, 2024)
The Kunshan Huguang Auto Harness Co.,Ltd. stock price gained 0.397% on the last trading day (Friday, 28th Jun 2024), rising from $27.74 to $27.85. During the last trading day the stock fluctuated 3.76% from a day low at $27.37 to a day high of $28.40. The price has been going up and down for this period, and there has been a -0.96% loss for the last 2 weeks. Volume fell on the last day by -159 thousand shares and in total, 2 million shares were bought and sold for approximately $64.86 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $27.00 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.51% during the next 3 months and, with a 90% probability hold a price between $32.26 and $37.62 at the end of this 3-month period.
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605333.SS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kunshan Huguang Auto Harness 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 $28.20 and $28.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -9.52%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Kunshan Huguang Auto Harness Co.,Ltd. stock
Kunshan Huguang Auto Harness Co.,Ltd. finds support from accumulated volume at $27.69 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 $1.03 between high and low, or 3.76%. For the last week, the stock has had daily average volatility of 4.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (605333.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kunshan Huguang Auto Harness Co.,Ltd. to open at $27.87, and during the day (based on 14 day Average True Range), to move between $26.84 and $28.86, which gives a possible trading interval of +/-$1.01 (+/-3.63%) up or down from last closing price. If Kunshan Huguang Auto Harness Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.91 (0.22%) than the support at $27.69 (0.57%), 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 Kunshan Huguang Auto Harness Co.,Ltd. stock A Buy?
The Kunshan Huguang Auto Harness Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Kunshan Huguang Auto Harness Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.128 Sell Candidate Unchanged
Predicted Opening Price for Kunshan Huguang Auto Harness Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $27.87 ( 0.0838%) | $27.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 605333.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.90 | 3.78% |
| R2 | 28.51 | 2.37% |
| R1 | 28.27 | 1.50% |
| Price | 27.85 | |
| S1 | 27.48 | -1.33% |
| S2 | 27.24 | -2.20% |
| S3 | 26.84 | -3.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.86 | 3.63% |
| R2 | 28.12 | 0.97% |
| R1 | 27.91 | 0.215% |
| Price | 27.85 | |
| S1 | 27.69 | -0.575% |
| S2 | 27.65 | -0.718% |
| S3 | 26.93 | -3.30% |
605333 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 26, 2024 | Jun 26, 2024 | Jun 26, 2024 | $0.0500 | 0.176% |
| 2 | Jun 25, 2021 | Jun 25, 2021 | Jun 25, 2021 | $0.0650 | 0.467% |
FAQ
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