China Railway Signal & Communication Stock Forecast
China Railway Signal & Communication stock price up 1.79% on Tuesday
(Updated on Jun 18, 2024)
The China Railway Signal & Communication stock price gained 1.79% on the last trading day (Tuesday, 18th Jun 2024), rising from $5.59 to $5.69. During the last trading day the stock fluctuated 4.17% from a day low at $5.51 to a day high of $5.74. The price has fallen in 5 of the last 10 days and is down by -3.23% for this period. Volume fell on the last day by -19 million shares and in total, 35 million shares were bought and sold for approximately $201.34 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 middle of a wide and weak 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 5.94% during the next 3 months and, with a 90% probability hold a price between $5.83 and $6.67 at the end of this 3-month period.
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688009.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 China Railway Signal & Communication stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $5.83 and $5.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -4.69%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for China Railway Signal & Communication stock
China Railway Signal & Communication finds support from accumulated volume at $5.59 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 $0.230 between high and low, or 4.17%. For the last week, the stock has had daily average volatility of 4.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (688009.SS) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect China Railway Signal & Communication Corporation Limited to open at $5.65, and during the day (based on 14 day Average True Range), to move between $5.48 and $5.90, which gives a possible trading interval of +/-$0.214 (+/-3.76%) up or down from last closing price. If China Railway Signal & Communication Corporation Limited takes out the full calculated possible swing range there will be an estimated 7.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.74 (0.88%) than the support at $5.59 (1.76%), 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 China Railway Signal & Communication Corporation Limited stock A Buy?
The China Railway Signal & Communication stock holds several negative signals and despite the positive trend, we believe China Railway Signal & Communication will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.776 Sell Candidate Unchanged
Predicted Opening Price for China Railway Signal & Communication Corporation Limited of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| $5.65 ( 0.762%) | $5.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688009.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.88 | 3.28% |
| R2 | 5.79 | 1.74% |
| R1 | 5.73 | 0.783% |
| Price | 5.69 | |
| S1 | 5.56 | -2.31% |
| S2 | 5.50 | -3.26% |
| S3 | 5.42 | -4.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.97 | 4.92% |
| R2 | 5.88 | 3.34% |
| R1 | 5.74 | 0.88% |
| Price | 5.69 | |
| S1 | 5.59 | -1.76% |
| S2 | 5.56 | -2.28% |
| S3 | 5.45 | -4.22% |
688009 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | $0.170 | 2.89% |
| 2 | Jul 19, 2022 | Jul 19, 2022 | Jul 19, 2022 | $0.170 | 3.92% |
| 3 | Jul 15, 2021 | Jul 15, 2021 | Jul 15, 2021 | $0.200 | 3.71% |
| 4 | Jul 03, 2020 | Jul 03, 2020 | Jul 03, 2020 | $0.200 | 3.14% |
FAQ
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