China Yuchai International Limited Stock Forecast
China Yuchai International Limited stock downgraded to Sell Candidate
(Updated on Apr 19, 2024)
The China Yuchai International Limited stock price fell by -0.387% on the last day (Friday, 19th Apr 2024) from $8.31 to $8.28. During the last trading day the stock fluctuated 0.628% from a day low at $8.28 to a day high of $8.33. The price has fallen in 7 of the last 10 days and is down by -1.57% for this period. 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 -12 thousand shares and in total, 8 thousand shares were bought and sold for approximately $63.44 thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $8.22 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.06% during the next 3 months and, with a 90% probability hold a price between $7.97 and $8.54 at the end of this 3-month period.
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CYD Signals & Forecast
There are mixed signals in the stock today. The China Yuchai International 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 $8.30 and $8.57. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 0.339%. 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 China Yuchai International Limited stock
China Yuchai International Limited finds support from accumulated volume at $8.26 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 controlled movements and therefore the general risk is considered 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 $0.0520 between high and low, or 0.628%. For the last week the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CYD) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect China Yuchai International Limited to open at $8.30, and during the day (based on 14 day Average True Range), to move between $8.12 and $8.43, which gives a possible trading interval of +/-$0.155 (+/-1.88%) up or down from last closing price. If China Yuchai International Limited takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.26 (0.22%) than the resistance at $8.69 (4.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is China Yuchai International Limited stock A Buy?
China Yuchai International 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.334 Sell Candidate Downgraded
Predicted Opening Price for China Yuchai International Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $8.30 ( 0.209%) | $8.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CYD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.35 | 0.84 % | |
| R2 | 8.33 | 0.598 % | ||
| R1 | 8.32 | 0.449 % | ||
| Current price: | 8.28 | |||
| Support | S1 | 8.28 | -0.0306 % | |
| S2 | 8.26 | -0.179 % | ||
| S3 | 8.24 | -0.419 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.75 | 5.70 % | |
| R2 | 8.70 | 5.10 % | ||
| R1 | 8.69 | 4.98 % | ||
| Current price | 8.28 | |||
| Support | S1 | 8.26 | -0.217% | |
| S2 | 8.25 | -0.338% | ||
| S3 | 0 | . |
CYD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2023 | Jul 28, 2023 | Aug 07, 2023 | $0.280 | 2.51% |
| 2 | Jun 24, 2022 | Jul 05, 2022 | Jul 15, 2022 | $0.400 | 4.64% |
| 3 | Jun 10, 2021 | Jun 28, 2021 | Jul 08, 2021 | $1.70 | 10.55% |
| 4 | Apr 03, 2020 | Jul 15, 2020 | Jul 31, 2020 | $0.85 | 6.43% |
| 5 | Jun 24, 2019 | Jul 10, 2019 | Jul 19, 2019 | $0.85 | 5.79% |
FAQ
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