Air China Limited Stock Forecast

Air China Limited stock price down 0% on Tuesday
(Updated on Jun 18, 2024)

AIRYY Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. 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 Air China Limited 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 $10.15 and $10.44. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Air China Limited stock

Air China Limited finds support from accumulated volume at $9.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Air China Limited is oversold on RSI14 (5). 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 (AIRYY) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Air China Limited to open at $9.38, and during the day (based on 14 day Average True Range), to move between $9.24 and $9.52, which gives a possible trading interval of +/-$0.139 (+/-1.48%) up or down from last closing price. If Air China Limited takes out the full calculated possible swing range there will be an estimated 2.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.45 (0.75%) than the support at $9.26 (1.32%), 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 Air China Limited stock A Buy?

The Air China Limited stock holds several negative signals and despite the positive trend, we believe Air China Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.203 Sell Candidate Unchanged

Predicted Opening Price for Air China Limited of Thursday, June 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.