Kontour (Xi'an) Medical Technology Co., Stock Forecast
Red day on Friday for Kontour (Xi'an) Medical Technology Co.,
(Updated on Jun 28, 2024)
The Kontour (Xi'an) Medical Technology Co., stock price fell by -0.90% on the last day (Friday, 28th Jun 2024) from $18.99 to $18.82. During the last trading day the stock fluctuated 3.11% from a day low at $18.66 to a day high of $19.24. The price has been going up and down for this period, and there has been a -4.56% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -44 thousand shares and in total, 357 thousand shares were bought and sold for approximately $6.72 million.
The stock lies in the middle of a very 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 -8.95% during the next 3 months and, with a 90% probability hold a price between $15.00 and $19.88 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.
688314.SS Signals & Forecast
There are mixed signals in the stock today. The Kontour (Xi'an) Medical 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 $19.07 and $20.37. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.78%. 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).
Support, Risk & Stop-loss for Kontour (Xi'an) Medical Technology Co., stock
Kontour (Xi'an) Medical Technology Co., finds support from accumulated volume at $18.75 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 $0.580 between high and low, or 3.11%. For the last week, the stock has had daily average volatility of 3.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (688314.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kontour (Xi'an) Medical Technology Co., Ltd. to open at $18.91, and during the day (based on 14 day Average True Range), to move between $18.06 and $19.58, which gives a possible trading interval of +/-$0.756 (+/-4.02%) up or down from last closing price. If Kontour (Xi'an) Medical Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.75 (0.37%) than the resistance at $19.34 (2.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kontour (Xi'an) Medical Technology Co., Ltd. stock A Buy?
Kontour (Xi'an) Medical Technology Co., 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: -2.401 Sell Candidate Unchanged
Predicted Opening Price for Kontour (Xi'an) Medical Technology Co., Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$18.91 ( 0.461%) | $18.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688314.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.49 | 3.54% |
R2 | 19.27 | 2.37% |
R1 | 19.13 | 1.64% |
Price | 18.82 | |
S1 | 18.69 | -0.717% |
S2 | 18.55 | -1.44% |
S3 | 18.33 | -2.62% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 20.86 | 10.84% |
R2 | 19.92 | 5.84% |
R1 | 19.34 | 2.76% |
Price | 18.82 | |
S1 | 18.75 | -0.372% |
S2 | 18.49 | -1.75% |
S3 | 18.26 | -2.98% |
688314 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 29, 2024 | May 29, 2024 | May 29, 2024 | $0.320 | 1.56% |
2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | $0.520 | 1.43% |
3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | $0.443 | 1.54% |
4 | Jul 07, 2021 | Jul 07, 2021 | Jul 07, 2021 | $0.371 | 0.469% |
FAQ
Click here for our free guide on how to buy Kontour (Xi'an) Medical Technology Co., Ltd. Stock.