China Tianrui Automotive Interiors Co., Stock Forecast
Big movements in China Tianrui Automotive Interiors Co., stock price on Friday moving 11.11% between high and low
(Updated on May 17, 2024)
The China Tianrui Automotive Interiors Co., stock price gained 4.65% on the last trading day (Friday, 17th May 2024), rising from HK$0.0860 to HK$0.0900. During the last trading day the stock fluctuated 11.11% from a day low at HK$0.0810 to a day high of HK$0.0900. The price has risen in 4 of the last 10 days and is up by 3.45% 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, 40 thousand more shares were traded than the day before. In total, 240 thousand shares were bought and sold for approximately HK$21.60 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.0853 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 8.48% during the next 3 months and, with a 90% probability hold a price between HK$0.0926 and HK$0.120 at the end of this 3-month period.
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6162.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 8.43%. 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). China Tianrui Automotive Interiors Co., has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Tianrui Automotive Interiors Co., stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.0908. On a fall, the stock will find some support from the short-term average at HK$0.0879. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for China Tianrui Automotive Interiors Co., stock
China Tianrui Automotive Interiors Co., finds support from accumulated volume at HK$0.0890 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 HK$0.0090 (11.11%) between high and low. For the last week, the stock has had daily average volatility of 6.80%.
Our recommended stop-loss: HK$0.0853 (-5.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (6162.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect China Tianrui Automotive Interiors Co., Ltd. to open at HK$0.0870, and during the day (based on 14 day Average True Range), to move between HK$0.0851 and HK$0.0949, which gives a possible trading interval of +/-HK$0.0049 (+/-5.47%) up or down from last closing price. If China Tianrui Automotive Interiors Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$0.0890 (1.11%) than the resistance at HK$0.0930 (3.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is China Tianrui Automotive Interiors Co., Ltd. stock A Buy?
China Tianrui Automotive Interiors Co., 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.
Current score: 0.099 Hold/Accumulate Unchanged
Predicted Opening Price for China Tianrui Automotive Interiors Co., Ltd. of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
HK$0.0870 ( 3.33%) | HK$0.0900 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6162.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0960 | 6.67 % | |
R2 | 0.0926 | 2.85 % | ||
R1 | 0.0904 | 0.487 % | ||
Current price: | 0.0900 | |||
Support | S1 | 0.0836 | -7.15 % | |
S2 | 0.0814 | -9.51 % | ||
S3 | 0.0780 | -13.33 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.107 | 18.89 % | |
R2 | 0.101 | 12.22 % | ||
R1 | 0.0930 | 3.33 % | ||
Current price | 0.0900 | |||
Support | S1 | 0.0890 | -1.11% | |
S2 | 0.0880 | -2.22% | ||
S3 | 0.0820 | -8.89% |
6162 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | HK$0.0060 | 3.82% |
2 | Jun 23, 2020 | Jun 23, 2020 | Jun 23, 2020 | HK$0.0060 | 4.65% |
3 | Jun 17, 2020 | Jun 17, 2020 | Jun 17, 2020 | HK$0.0060 | 4.44% |
4 | Aug 27, 2019 | Sep 23, 2019 | Oct 18, 2019 | HK$0.0060 | 5.71% |
5 | Mar 26, 2019 | Jun 19, 2019 | Aug 14, 2019 | HK$0.0060 | 5.94% |
FAQ
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