Great Wall Motor Company. Ltd Stock Forecast
Great Wall Motor Company. Ltd stock upgraded to Strong Buy Candidate.
(Updated on May 03, 2024)
The Great Wall Motor Company. Ltd stock price gained 1.87% on the last trading day (Friday, 3rd May 2024), rising from $15.48 to $15.77. During the last trading day the stock fluctuated 0% from a day low at $15.77 to a day high of $15.77. The price has risen in 5 of the last 10 days and is up by 10.67% 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, 668 more shares were traded than the day before. In total, 883 shares were bought and sold for approximately $13.92 thousand.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $15.46, a level that may pose a second chance to hit a runner. According to fan-theory $17.07 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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GWLLY Signals & Forecast
The Great Wall Motor Company. Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $14.97 and $13.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 19.92%. Further rise is indicated until a new top pivot has been found. Great Wall Motor Company. Ltd 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Great Wall Motor Company. Ltd stock
Great Wall Motor Company. Ltd finds support from accumulated volume at $14.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. 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 0.510%.
Our recommended stop-loss: $15.18 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (GWLLY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Great Wall Motor Company. Ltd to open at $15.77, and during the day (based on 14 day Average True Range), to move between $15.38 and $16.16, which gives a possible trading interval of +/-$0.394 (+/-2.50%) up or down from last closing price. If Great Wall Motor Company. Ltd takes out the full calculated possible swing range there will be an estimated 4.99% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $14.99, some $0.780 (4.95%) from the current price of $15.77, our system finds the risk reward attractive.
Is Great Wall Motor Company. Ltd stock A Buy?
Great Wall Motor Company. Ltd holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 7.994 Strong Buy Candidate Upgraded
Predicted Opening Price for Great Wall Motor Company. Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $15.77 ( 0.00000000%) | $15.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GWLLY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.77 | 0.00000000 % | |
| R2 | 15.77 | 0.00000000 % | ||
| R1 | 15.77 | 0.00000000 % | ||
| Current price: | 15.77 | |||
| Support | S1 | 15.77 | 0.00000000 % | |
| S2 | 15.77 | 0.00000000 % | ||
| S3 | 15.77 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 15.77 | |||
| Support | S1 | 14.99 | -4.95% | |
| S2 | 14.40 | -8.69% | ||
| S3 | 11.87 | -24.73% |
GWLLY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2023 | Jun 28, 2023 | Aug 14, 2023 | $0.436 | 3.37% |
| 2 | May 04, 2022 | May 09, 2022 | Jul 06, 2022 | $0.110 | 0.593% |
| 3 | Sep 30, 2021 | Oct 04, 2021 | Nov 29, 2021 | $0.464 | 1.08% |
| 4 | Feb 25, 2021 | Feb 25, 2021 | Feb 25, 2021 | $0.433 | 1.51% |
| 5 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | $0.322 | 4.53% |
FAQ
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