China Yuchai International Limited Stock Forecast
China Yuchai International Limited stock price ended at $8.31 on Friday, after gaining 0.727%.
(Updated on May 03, 2024)
The China Yuchai International Limited stock price gained 0.727% on the last trading day (Friday, 3rd May 2024), rising from $8.25 to $8.31. During the last trading day the stock fluctuated 1.46% from a day low at $8.24 to a day high of $8.36. The price has risen in 5 of the last 10 days and is up by 0.39% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 thousand more shares were traded than the day before. In total, 44 thousand shares were bought and sold for approximately $368.03 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.03% during the next 3 months and, with a 90% probability hold a price between $7.76 and $8.24 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CYD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 1.47%. 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 Yuchai International 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Yuchai International Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.45. On a fall, the stock will find some support from the short-term average at $8.31. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for China Yuchai International Limited stock
China Yuchai International Limited finds support from accumulated volume at $8.29 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.120 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: $7.86 (-5.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (CYD) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th 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 $8.14 and $8.48, which gives a possible trading interval of +/-$0.169 (+/-2.03%) 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 4.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.29 (0.24%) than the resistance at $8.44 (1.56%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.972 Hold/Accumulate Unchanged
Predicted Opening Price for China Yuchai International Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $8.30 ( 0.0802%) | $8.31 |
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 | 8.42 | 1.36 % | |
| R2 | 8.38 | 0.81 % | ||
| R1 | 8.35 | 0.471 % | ||
| Current price: | 8.31 | |||
| Support | S1 | 8.26 | -0.632 % | |
| S2 | 8.23 | -0.97 % | ||
| S3 | 8.18 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.75 | 5.29 % | |
| R2 | 8.69 | 4.57 % | ||
| R1 | 8.44 | 1.56 % | ||
| Current price | 8.31 | |||
| Support | S1 | 8.29 | -0.241% | |
| S2 | 8.25 | -0.722% | ||
| S3 | 8.19 | -1.44% |
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
Click here for our free guide on how to buy China Yuchai International Limited Stock.
