Kunshan GuoLi Electronic Technology Co., Stock Forecast
Big movements in Kunshan GuoLi Electronic Technology Co., stock price on Friday moving 11.39% between high and low
(Updated on Jun 28, 2024)
The Kunshan GuoLi Electronic Technology Co., stock price gained 6.01% on the last trading day (Friday, 28th Jun 2024), rising from $32.79 to $34.76. During the last trading day the stock fluctuated 11.39% from a day low at $32.32 to a day high of $36.00. The price has risen in 7 of the last 10 days and is up by 11.52% 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, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $101.95 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $36.12 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.67% during the next 3 months and, with a 90% probability hold a price between $21.45 and $31.18 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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688103.SS Signals & Forecast
Mostly positive signals in the chart today. The Kunshan GuoLi Electronic Technology Co., stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $33.07 and $30.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 32.17%. 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 Kunshan GuoLi Electronic Technology Co., stock
On the downside, the stock finds support just below today's level from accumulated volume at $31.17 and $30.56. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kunshan GuoLi Electronic Technology Co., finds support just below today's level at $31.17. If this is broken, then the next support from accumulated volume will be at $30.56 and $30.50.
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 $3.68 between high and low, or 11.39%. For the last week, the stock has had daily average volatility of 7.38%.
The Kunshan GuoLi Electronic Technology Co., stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $33.56 (-3.46%) (This stock has high daily movements and this gives high risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 57 days ago.)
Trading Expectations (688103.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kunshan GuoLi Electronic Technology Co., Ltd. to open at $34.36, and during the day (based on 14 day Average True Range), to move between $32.82 and $36.70, which gives a possible trading interval of +/-$1.94 (+/-5.59%) up or down from last closing price. If Kunshan GuoLi Electronic Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.22 (1.32%) than the support at $31.17 (10.33%), 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 Kunshan GuoLi Electronic Technology Co., Ltd. stock A Buy?
Kunshan GuoLi Electronic Technology Co., holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect Kunshan GuoLi Electronic Technology Co., stock will perform very well in the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.114 Strong Buy Candidate Upgraded
Predicted Opening Price for Kunshan GuoLi Electronic Technology Co., Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$34.36 ( 1.15%) | $34.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688103.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 38.04 | 9.44% |
R2 | 36.63 | 5.39% |
R1 | 35.77 | 2.89% |
Price | 34.76 | |
S1 | 32.95 | -5.19% |
S2 | 32.09 | -7.69% |
S3 | 30.68 | -11.74% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 41.65 | 19.82% |
R2 | 38.91 | 11.94% |
R1 | 35.22 | 1.32% |
Price | 34.76 | |
S1 | 31.17 | -10.33% |
S2 | 30.56 | -12.08% |
S3 | 30.50 | -12.26% |
688103 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 03, 2024 | Jun 03, 2024 | Jun 03, 2024 | $0.230 | 0.83% |
2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | $0.275 | 0.474% |
3 | Jun 27, 2022 | Jun 27, 2022 | Jun 27, 2022 | $0.315 | 0.671% |
FAQ
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