Jiangsu Yunyong Electronics and Stock Forecast
Jiangsu Yunyong Electronics and stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Jiangsu Yunyong Electronics and stock price gained 0.413% on the last trading day (Tuesday, 2nd Jul 2024), rising from $31.46 to $31.59. During the last trading day the stock fluctuated 2.81% from a day low at $31.32 to a day high of $32.20. The price has been going up and down for this period, and there has been a 10.07% gain for the last 2 weeks. Volume fell on the last day by -170 thousand shares and in total, 639 thousand shares were bought and sold for approximately $20.19 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 very 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 3.48% during the next 3 months and, with a 90% probability hold a price between $27.19 and $39.12 at the end of this 3-month period.
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688060.SS Signals & Forecast
Mostly positive signals in the chart today. The Jiangsu Yunyong Electronics and stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $32.58. On a fall, the stock will find some support from the long-term average at approximately $30.56. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.413%. 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 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.
Support, Risk & Stop-loss for Jiangsu Yunyong Electronics and stock
Jiangsu Yunyong Electronics and finds support from accumulated volume at $31.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.88 between high and low, or 2.81%. For the last week, the stock has had daily average volatility of 4.14%.
Our recommended stop-loss: $29.94 (-5.21%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (688060.SS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Jiangsu Yunyong Electronics and Technology Co.,Ltd to open at $31.70, and during the day (based on 14 day Average True Range), to move between $29.66 and $33.52, which gives a possible trading interval of +/-$1.93 (+/-6.11%) up or down from last closing price. If Jiangsu Yunyong Electronics and Technology Co.,Ltd takes out the full calculated possible swing range there will be an estimated 12.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.46 (0.41%) than the resistance at $34.40 (8.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jiangsu Yunyong Electronics and Technology Co.,Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Jiangsu Yunyong Electronics and stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.120 Buy Candidate Upgraded
Predicted Opening Price for Jiangsu Yunyong Electronics and Technology Co.,Ltd of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$31.70 ( 0.359%) | $31.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688060.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 32.58 | 3.14% |
R2 | 32.25 | 2.08% |
R1 | 32.04 | 1.42% |
Price | 31.59 | |
S1 | 31.37 | -0.705% |
S2 | 31.16 | -1.36% |
S3 | 30.82 | -2.43% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 37.65 | 19.18% |
R2 | 35.90 | 13.64% |
R1 | 34.40 | 8.90% |
Price | 31.59 | |
S1 | 31.46 | -0.412% |
S2 | 30.08 | -4.78% |
S3 | 28.24 | -10.60% |
688060 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | $0.263 | 0.553% |
2 | May 21, 2021 | May 21, 2021 | May 21, 2021 | $0.371 | 0.647% |
FAQ
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