Xinyuan Real Estate Company., Ltd. (ADR) Stock Forecast
Green day on Tuesday for Xinyuan Real Estate Company., Ltd. (ADR) stock after gaining 2.70%
(Updated on Jun 25, 2024)
The Xinyuan Real Estate Company., Ltd. (ADR) stock price gained 2.70% on the last trading day (Tuesday, 25th Jun 2024), rising from $2.59 to $2.66. During the last trading day the stock fluctuated 3.88% from a day low at $2.60 to a day high of $2.70. The price has risen in 6 of the last 10 days. Volume fell on the last day by -14 thousand shares and in total, 2 thousand shares were bought and sold for approximately $4.05 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.53 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.82% during the next 3 months and, with a 90% probability hold a price between $2.66 and $4.24 at the end of this 3-month period.
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XIN Signals & Forecast
There are mixed signals in the stock today. The Xinyuan Real Estate Company., Ltd. (ADR) 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 $2.92. On a fall, the stock will find some support from the short-term average at $2.64. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 Wednesday, June 12, 2024, and so far it has risen 5.98%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Xinyuan Real Estate Company., Ltd. (ADR) stock
Xinyuan Real Estate Company., Ltd. (ADR) finds support from accumulated volume at $2.63 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.101 between high and low, or 3.88%. For the last week the stock has had daily average volatility of 5.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XIN) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Xinyuan Real Estate Company., Ltd. (ADR) to open at $2.65, and during the day (based on 14 day Average True Range), to move between $2.46 and $2.86, which gives a possible trading interval of +/-$0.203 (+/-7.63%) up or down from last closing price. If Xinyuan Real Estate Company., Ltd. (ADR) takes out the full calculated possible swing range there will be an estimated 15.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.69 (1.13%) than the support at $2.63 (1.32%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Xinyuan Real Estate Company., Ltd. (ADR) stock A Buy?
Xinyuan Real Estate Company., Ltd. (ADR) 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: -2.560 Sell Candidate Unchanged
Predicted Opening Price for Xinyuan Real Estate Company., Ltd. (ADR) of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $2.65 ( 0.236%) | $2.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XIN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.75 | 3.56% |
| R2 | 2.72 | 2.11% |
| R1 | 2.69 | 1.21% |
| Price | 2.66 | |
| S1 | 2.62 | -1.69% |
| S2 | 2.59 | -2.58% |
| S3 | 2.55 | -4.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.83 | 6.39% |
| R2 | 2.78 | 4.51% |
| R1 | 2.69 | 1.13% |
| Price | 2.66 | |
| S1 | 2.63 | -1.32% |
| S2 | 2.61 | -1.88% |
| S3 | 2.55 | -4.14% |
XIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 27, 2020 | Dec 17, 2020 | Jan 08, 2021 | $0.250 | 1.13% |
| 2 | Sep 02, 2020 | Sep 14, 2020 | Sep 28, 2020 | $0.250 | 1.34% |
| 3 | Jun 05, 2020 | Jun 15, 2020 | Jul 08, 2020 | $0.250 | 1.09% |
| 4 | Apr 03, 2020 | Apr 16, 2020 | May 08, 2020 | $1.00 | 3.77% |
| 5 | Dec 06, 2019 | Dec 17, 2019 | Jan 16, 2020 | $2.00 | 5.41% |
FAQ
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