Xinyuan Real Estate Company., Ltd. (ADR) Stock Forecast
Xinyuan Real Estate Company., Ltd. (ADR) stock price down 0% on Friday
(Updated on Apr 19, 2024)
No changes to the price of Xinyuan Real Estate Company., Ltd. (ADR) stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 3.49% from a day low at $2.58 to a day high of $2.67. The price has fallen in 5 of the last 10 days and is down by -6.14% for this period.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $2.58 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Xinyuan Real Estate Company., Ltd. (ADR) stock with a 90% probability to be traded between $2.55 and $2.79 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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XIN Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has fallen 0%. 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 Xinyuan Real Estate Company., Ltd. (ADR) 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 $2.67 and $2.71. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Thursday, April 11, 2024 with a target of $2.64. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Xinyuan Real Estate Company., Ltd. (ADR) stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very 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 $0.0900 between high and low, or 3.49%. For the last week the stock has had daily average volatility of 4.40%
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 Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Xinyuan Real Estate Company., Ltd. (ADR) to open at $2.62, and during the day (based on 14 day Average True Range), to move between $2.48 and $2.72, which gives a possible trading interval of +/-$0.124 (+/-4.76%) 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 9.52% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $2.64, some $0.0400 (1.54%) from the current price of $2.60, our system finds the risk reward not very attractive.
Is Xinyuan Real Estate Company., Ltd. (ADR) stock A Buy?
Xinyuan Real Estate Company., Ltd. (ADR) holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.584 Sell Candidate Unchanged
Predicted Opening Price for Xinyuan Real Estate Company., Ltd. (ADR) of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $2.62 ( 0.641%) | $2.60 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 2.71 | 4.10 % | |
| R2 | 2.67 | 2.78 % | ||
| R1 | 2.65 | 1.96 % | ||
| Current price: | 2.60 | |||
| Support | S1 | 2.58 | -0.681 % | |
| S2 | 2.56 | -1.50 % | ||
| S3 | 2.53 | -2.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.73 | 5.00 % | |
| R2 | 2.72 | 4.62 % | ||
| R1 | 2.64 | 1.54 % | ||
| Current price | 2.60 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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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