CHINA SHENHUA ADR Stock Forecast
CHINA SHENHUA ADR stock upgraded to Strong Buy Candidate.
(Updated on Apr 19, 2024)
The CHINA SHENHUA ADR stock price gained 1.06% on the last trading day (Friday, 19th Apr 2024), rising from $16.58 to $16.76. During the last trading day the stock fluctuated 0.659% from a day low at $16.69 to a day high of $16.80. The price has risen in 7 of the last 10 days and is up by 5.05% 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, 909 more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $257.84 thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.65% during the next 3 months and, with a 90% probability hold a price between $17.03 and $19.11 at the end of this 3-month period.
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CSUAY Signals & Forecast
Mostly positive signals in the chart today. The CHINA SHENHUA ADR 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 $16.57 and $15.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 11.77%. 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 SHENHUA ADR 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.
Support, Risk & Stop-loss for CHINA SHENHUA ADR stock
CHINA SHENHUA ADR finds support from accumulated volume at $16.56 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 $0.110 between high and low, or 0.659%. For the last week, the stock has had daily average volatility of 0.626%.
Our recommended stop-loss: $15.90 (-5.09%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (CSUAY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect CHINA SHENHUA ADR to open at $16.75, and during the day (based on 14 day Average True Range), to move between $16.48 and $17.03, which gives a possible trading interval of +/-$0.276 (+/-1.65%) up or down from last closing price. If CHINA SHENHUA ADR takes out the full calculated possible swing range there will be an estimated 3.29% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $16.56, some $0.195 (1.16%) from the current price of $16.76, our system finds the risk reward attractive.
Earnings coming up
CHINA SHENHUA ADR will release earnings -- on Friday, April 26, 2024. We will update the financials statements for CHINA SHENHUA ADR, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.58% in the first trading day after earnings release.
Is CHINA SHENHUA ADR stock A Buy?
CHINA SHENHUA ADR holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". 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 Buy to a Strong Buy candidate.
Current score: 6.066 Strong Buy Candidate Upgraded
Predicted Opening Price for CHINA SHENHUA ADR of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $16.75 ( 0.0398%) | $16.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSUAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.86 | 0.617 % | |
| R2 | 16.82 | 0.366 % | ||
| R1 | 16.79 | 0.211 % | ||
| Current price: | 16.76 | |||
| Support | S1 | 16.71 | -0.291 % | |
| S2 | 16.68 | -0.446 % | ||
| S3 | 16.64 | -0.696 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 16.76 | |||
| Support | S1 | 16.56 | -1.16% | |
| S2 | 16.55 | -1.22% | ||
| S3 | 16.28 | -2.83% |
CSUAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 22, 2023 | Jun 22, 2023 | Aug 31, 2023 | $1.46 | 12.57% |
| 2 | Jun 22, 2022 | Jun 29, 2022 | Sep 08, 2022 | $1.51 | 11.77% |
| 3 | Jun 30, 2021 | Jun 30, 2021 | Sep 08, 2021 | $1.13 | 12.38% |
| 4 | May 22, 2020 | Jun 03, 2020 | Aug 14, 2020 | $0.710 | 10.89% |
| 5 | Apr 08, 2019 | Jun 26, 2019 | Aug 23, 2019 | $0.525 | 6.89% |
FAQ
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