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China XD Plastics Company Limited Stock Forecast NASDAQ:CXDC

$0.0427 (3.77%)

Volume: 64k

Closed: Dec 08, 2021

Hollow Logo Score: -5.452

China XD Plastics Company Limited Stock Forecast

$0.0427 (3.77%)

Volume: 64k

Closed: Dec 08, 2021

Score Hollow Logo -5.452
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 35 and the stock is currently not being overbought or oversold

Volatile ride for China XD Plastics Company Limited stock price on Wednesday moving between $0.0411 and $0.0511
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-01 Loss -87.46%

The China XD Plastics Company Limited stock price gained 3.77% on the last trading day (Wednesday, 8th Dec 2021), rising from $0.0411 to $0.0427. During the day the stock fluctuated 24.33% from a day low at $0.0411 to a day high of $0.0511. The price has been going up and down for this period, and there has been a -43.06% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 56 thousand more shares were traded than the day before. In total, 64 thousand shares were bought and sold for approximately $2.71 thousand.

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 $-0.11 is broken, it will firstly indicate a stronger fall rate. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.

Signals & Forecast

There are mixed signals in the stock today. The China XD Plastics Company 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 $0.0574 and $0.21. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, December 06, 2021, and so far it has risen 3.77%. 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). China XD Plastics Company Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

China XD Plastics Company Limited finds support from accumulated volume at $0.0411 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 $0.0100 between high and low, or 24.33%. For the last week, the stock has had a daily average volatility of 27.72%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is China XD Plastics Company Limited stock A Buy?

China XD Plastics Company Limited 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: -5.452

Predicted Opening Price for China XD Plastics Company Limited of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$0.0450 $0.0427 (Undervalued)
Strong Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 27.72 %
Overall Risk: Very High High Medium Low Very Low
Volatility
27.72 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

No Resistance Found
Price: $0.0427
Support: $0.0411

CXDC Insider Trading Show all Trades

INSIDER POWER

1.278

Last 58 transactions
Buy: 118 054 713 | Sell: 92 367 766 (Shares)
Date Action Amount Person Type
Aug 28, 2020 Buy 500 000 Ma Qingwei Common Stock, par value $0.0001
Aug 28, 2020 Buy 500 000 Zhang Dahe Common Stock, par value $0.0001
Aug 28, 2020 Buy 1 800 000 Han Jie Common Stock, par value $0.0001
Dec 11, 2019 Buy 554 923 Han Jie Common Stock, par value $0.0001
Dec 11, 2019 Sell 78 180 Ma Junjie Common Stock, par value $0.0001
Show all Insider Trades
INSIDER POWER

1.278

Last 58 transactions
Buy: 118 054 713 | Sell: 92 367 766 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.0550 28.84 %
0.0511 19.88 %
0.0488 14.35 %
Current price: 0.0427
Support 0.0411 -3.56 %
0.0388 -9.10 %
0.0350 -18.05 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 0.0427
Support 0.0411 -3.63%
0 .
0 .

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About China XD Plastics Company Limited

China XD Plastics Company Ltd. engages in the research, development, manufacture, and sale of modified plastics primarily for automotive applications in China and Dubai, the United Arab Emirates. Its modified plastics are used to fabricate various auto components, including exteriors consisting of automobile bumpers, rearview and sideview mirrors, and license plate parts; interiors, such as door panels, dashboards, steering wheels, glove compartm... Read more

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