Hangzhou Xili Intelligent Technology Stock Forecast
Red day on Thursday for Hangzhou Xili Intelligent Technology
(Updated on Jun 27, 2024)
The Hangzhou Xili Intelligent Technology stock price fell by -2.18% on the last day (Thursday, 27th Jun 2024) from $11.45 to $11.20. During the last trading day the stock fluctuated 4.39% from a day low at $11.15 to a day high of $11.64. The price has fallen in 6 of the last 10 days and is down by -5.72% for this period. Volume has increased on the last day by 309 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, 1 million shares were bought and sold for approximately $15.96 million.
The stock lies in the middle of a very wide and strong 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 17.59% during the next 3 months and, with a 90% probability hold a price between $12.13 and $15.95 at the end of this 3-month period.
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688616.SS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hangzhou Xili Intelligent Technology 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 $11.45 and $11.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -12.77%. Further fall is indicated until a new bottom pivot has been found. 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 Xili Intelligent Technology stock
Hangzhou Xili Intelligent Technology finds support from accumulated volume at $10.93 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 $0.490 between high and low, or 4.39%. For the last week, the stock has had daily average volatility of 4.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (688616.SS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Hangzhou Xili Intelligent Technology Co.,Ltd to open at $11.33, and during the day (based on 14 day Average True Range), to move between $10.68 and $11.72, which gives a possible trading interval of +/-$0.524 (+/-4.68%) up or down from last closing price. If Hangzhou Xili Intelligent Technology Co.,Ltd takes out the full calculated possible swing range there will be an estimated 9.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.40 (1.79%) than the support at $10.93 (2.41%), 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 Xili Intelligent Technology Co.,Ltd stock A Buy?
The Hangzhou Xili Intelligent Technology stock holds several negative signals and despite the positive trend, we believe Hangzhou Xili Intelligent Technology will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.658 Sell Candidate Unchanged
Predicted Opening Price for Hangzhou Xili Intelligent Technology Co.,Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $11.33 ( 1.16%) | $11.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688616.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.82 | 5.54% |
| R2 | 11.63 | 3.86% |
| R1 | 11.52 | 2.83% |
| Price | 11.20 | |
| S1 | 11.14 | -0.511% |
| S2 | 11.03 | -1.54% |
| S3 | 10.84 | -3.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.15 | 8.48% |
| R2 | 11.88 | 6.07% |
| R1 | 11.40 | 1.79% |
| Price | 11.20 | |
| S1 | 10.93 | -2.41% |
| S2 | 10.17 | -9.20% |
| S3 | 8.66 | -22.68% |
688616 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | $0.210 | 1.72% |
| 2 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | $0.230 | 2.15% |
| 3 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | $0.220 | 1.47% |
FAQ
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