Hangzhou IECHO Science & Technology Co., Stock Forecast
Hangzhou IECHO Science & Technology Co., stock price down 0.0468% on Friday
(Updated on Jun 28, 2024)
The Hangzhou IECHO Science & Technology Co., stock price fell by -0.0468% on the last day (Friday, 28th Jun 2024) from $21.36 to $21.35. During the last trading day the stock fluctuated 4.06% from a day low at $20.95 to a day high of $21.80. The price has fallen in 7 of the last 10 days and is down by -3.48% for this period. Volume has increased on the last day by 26 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 843 thousand shares were bought and sold for approximately $18.01 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $20.24 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -26.05% during the next 3 months and, with a 90% probability hold a price between $14.97 and $22.43 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
688092.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 2.74%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hangzhou IECHO Science & Technology Co., 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 $21.43 and $29.67. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Hangzhou IECHO Science & Technology Co., stock
Hangzhou IECHO Science & Technology Co., finds support from accumulated volume at $20.89 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.85 between high and low, or 4.06%. For the last week, the stock has had daily average volatility of 4.09%.
Hangzhou IECHO Science & Technology Co., is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (688092.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Hangzhou IECHO Science & Technology Co., Ltd. to open at $21.37, and during the day (based on 14 day Average True Range), to move between $20.10 and $22.60, which gives a possible trading interval of +/-$1.25 (+/-5.85%) up or down from last closing price. If Hangzhou IECHO Science & Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.81 (2.15%) than the support at $20.89 (2.15%), 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 Hangzhou IECHO Science & Technology Co., Ltd. stock A Buy?
Hangzhou IECHO Science & Technology Co., holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.232 Sell Candidate Unchanged
Predicted Opening Price for Hangzhou IECHO Science & Technology Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $21.37 ( 0.0781%) | $21.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688092.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.22 | 4.06% |
| R2 | 21.89 | 2.54% |
| R1 | 21.69 | 1.60% |
| Price | 21.35 | |
| S1 | 21.04 | -1.44% |
| S2 | 20.84 | -2.38% |
| S3 | 20.52 | -3.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.50 | 5.39% |
| R2 | 22.31 | 4.50% |
| R1 | 21.81 | 2.15% |
| Price | 21.35 | |
| S1 | 20.89 | -2.15% |
| S2 | 20.78 | -2.67% |
| S3 | 0 | - |
688092 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 14, 2024 | $0.510 | 2.31% |
| 2 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | $0.240 | 1.16% |
| 3 | May 26, 2022 | May 26, 2022 | May 26, 2022 | $0.270 | 1.58% |
| 4 | Jul 16, 2021 | Jul 16, 2021 | Jul 16, 2021 | $0.250 | 1.07% |
FAQ
Click here for our free guide on how to buy Hangzhou IECHO Science & Technology Co., Ltd. Stock.
