Cosco Shipping International (singapore) Stock Forecast
Cosco Shipping International (singapore) stock price down 1.95% on Friday
(Updated on Jun 28, 2024)
The Cosco Shipping International (singapore) stock price fell by -1.95% on the last day (Friday, 28th Jun 2024) from S$0.154 to S$0.151. During the last trading day the stock fluctuated 3.33% from a day low at S$0.150 to a day high of S$0.155. The price has fallen in 6 of the last 10 days and is down by -3.21% 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 -5 million shares and in total, 8 million shares were bought and sold for approximately S$1.25 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at S$0.150 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Cosco Shipping International (singapore) stock with a 90% probability to be traded between S$0.150 and S$0.165 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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F83.SI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.667%. 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 Cosco Shipping International (singapore) 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 S$0.154 and S$0.156. 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 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.
Support, Risk & Stop-loss for Cosco Shipping International (singapore) stock
Cosco Shipping International (singapore) finds support from accumulated volume at S$0.150 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 S$0.0050 between high and low, or 3.33%. For the last week the stock has had daily average volatility of 3.14%.
Our recommended stop-loss: S$0.142 (-6.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (F83.SI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Cosco Shipping International (singapore) Co., Ltd. to open at S$0.152, and during the day (based on 14 day Average True Range), to move between S$0.146 and S$0.156, which gives a possible trading interval of +/-S$0.0054 (+/-3.60%) up or down from last closing price. If Cosco Shipping International (singapore) Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at S$0.150 (0.66%) than the resistance at S$0.157 (3.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cosco Shipping International (singapore) Co., Ltd. stock A Buy?
Cosco Shipping International (singapore) holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.243 Hold/Accumulate Unchanged
Predicted Opening Price for Cosco Shipping International (singapore) Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| S$0.152 ( 0.662%) | S$0.151 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for F83.SI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.157 | 3.97% |
| R2 | 0.155 | 2.71% |
| R1 | 0.154 | 1.93% |
| Price | 0.151 | |
| S1 | 0.150 | -0.603% |
| S2 | 0.149 | -1.38% |
| S3 | 0.147 | -2.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.160 | 5.96% |
| R2 | 0.158 | 4.64% |
| R1 | 0.157 | 3.97% |
| Price | 0.151 | |
| S1 | 0.150 | -0.662% |
| S2 | 0.149 | -1.32% |
| S3 | 0.148 | -1.99% |
F83 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2015 | Apr 29, 2015 | Apr 29, 2015 | S$0.0050 | 0.82% |
| 2 | Apr 29, 2014 | Apr 29, 2014 | Apr 29, 2014 | S$0.0100 | 1.40% |
| 3 | Apr 26, 2013 | Apr 26, 2013 | Apr 26, 2013 | S$0.0200 | 2.25% |
| 4 | Apr 30, 2012 | Apr 30, 2012 | Apr 30, 2012 | S$0.0300 | 2.90% |
| 5 | Apr 29, 2011 | Apr 29, 2011 | Apr 29, 2011 | S$0.0400 | 1.80% |
FAQ
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