Hangzhou Kelin Electric Co., Ltd. Stock Forecast
Green day on Friday for Hangzhou Kelin Electric Co., Ltd.
(Updated on Jun 28, 2024)
The Hangzhou Kelin Electric Co., Ltd. stock price gained 0.339% on the last trading day (Friday, 28th Jun 2024), rising from $26.56 to $26.65. During the last trading day the stock fluctuated 4.29% from a day low at $25.88 to a day high of $26.99. The price has fallen in 6 of the last 10 days and is down by -4.82% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 47 thousand more shares were traded than the day before. In total, 363 thousand shares were bought and sold for approximately $9.67 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 $24.59 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.67% during the next 3 months and, with a 90% probability hold a price between $22.95 and $35.98 at the end of this 3-month period.
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688611.SS Signals & Forecast
There are mixed signals in the stock today. The Hangzhou Kelin Electric Co., Ltd. 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 $27.00 and $31.87. 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 5.38%. 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 Hangzhou Kelin Electric Co., Ltd. stock
Hangzhou Kelin Electric Co., Ltd. finds support from accumulated volume at $26.49 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 $1.11 between high and low, or 4.29%. For the last week, the stock has had daily average volatility of 4.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (688611.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Hangzhou Kelin Electric Co., Ltd. to open at $26.51, and during the day (based on 14 day Average True Range), to move between $25.06 and $28.24, which gives a possible trading interval of +/-$1.59 (+/-5.97%) up or down from last closing price. If Hangzhou Kelin Electric Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.49 (0.60%) than the resistance at $28.00 (5.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hangzhou Kelin Electric Co., Ltd. stock A Buy?
Hangzhou Kelin Electric Co., Ltd. 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: -3.332 Sell Candidate Unchanged
Predicted Opening Price for Hangzhou Kelin Electric Co., Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$26.51 ( 0.538%) | $26.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688611.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 27.62 | 3.63% |
R2 | 27.19 | 2.04% |
R1 | 26.93 | 1.05% |
Price | 26.65 | |
S1 | 26.08 | -2.13% |
S2 | 25.82 | -3.11% |
S3 | 25.40 | -4.70% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 32.48 | 21.88% |
R2 | 32.11 | 20.49% |
R1 | 28.00 | 5.07% |
Price | 26.65 | |
S1 | 26.49 | -0.600% |
S2 | 25.55 | -4.13% |
S3 | 25.29 | -5.10% |
688611 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 03, 2024 | Jun 03, 2024 | Jun 03, 2024 | $0.250 | 0.93% |
2 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | $0.350 | 1.26% |
3 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | $1.50 | 5.17% |
FAQ
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