InfoVision Optoelectronics (Kunshan) Stock Forecast
InfoVision Optoelectronics (Kunshan) stock price ended at $3.17 on Friday, after gaining 2.59%.
(Updated on Jun 28, 2024)
The InfoVision Optoelectronics (Kunshan) stock price gained 2.59% on the last trading day (Friday, 28th Jun 2024), rising from $3.09 to $3.17. During the last trading day the stock fluctuated 6.91% from a day low at $3.04 to a day high of $3.25. The price has been going up and down for this period, and there has been a -3.94% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $24.76 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.23% during the next 3 months and, with a 90% probability hold a price between $2.72 and $3.39 at the end of this 3-month period.
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688055.SS Signals & Forecast
There are mixed signals in the stock today. The InfoVision Optoelectronics (Kunshan) 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 $3.20 and $3.33. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 4.28%. 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 InfoVision Optoelectronics (Kunshan) stock
InfoVision Optoelectronics (Kunshan) finds support from accumulated volume at $3.09 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 $0.210 between high and low, or 6.91%. For the last week, the stock has had daily average volatility of 6.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (688055.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect InfoVision Optoelectronics (Kunshan) Co., Ltd. to open at $3.15, and during the day (based on 14 day Average True Range), to move between $3.01 and $3.33, which gives a possible trading interval of +/-$0.158 (+/-4.98%) up or down from last closing price. If InfoVision Optoelectronics (Kunshan) Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.09 (2.52%) than the resistance at $3.36 (5.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is InfoVision Optoelectronics (Kunshan) Co., Ltd. stock A Buy?
InfoVision Optoelectronics (Kunshan) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.112 Sell Candidate Unchanged
Predicted Opening Price for InfoVision Optoelectronics (Kunshan) Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $3.15 ( 0.526%) | $3.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688055.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.36 | 6.10% |
| R2 | 3.28 | 3.57% |
| R1 | 3.23 | 2.00% |
| Price | 3.17 | |
| S1 | 3.07 | -3.06% |
| S2 | 3.02 | -4.62% |
| S3 | 2.94 | -7.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.56 | 12.30% |
| R2 | 3.40 | 7.26% |
| R1 | 3.36 | 5.99% |
| Price | 3.17 | |
| S1 | 3.09 | -2.52% |
| S2 | 3.04 | -4.10% |
| S3 | 2.97 | -6.31% |
688055 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 25, 2023 | Aug 25, 2023 | Aug 25, 2023 | $0.0100 | 0.266% |
| 2 | Jul 06, 2022 | Jul 06, 2022 | Jul 06, 2022 | $0.0278 | 0.539% |
| 3 | Jul 30, 2021 | Jul 30, 2021 | Jul 30, 2021 | $0.0100 | 0.125% |
FAQ
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