Xinyuan Real Estate Company., Ltd. (ADR) Stock Forecast
Xinyuan Real Estate Company., Ltd. (ADR) stock price ended at $2.73 on Wednesday, after losing 0%.
(Updated on Mar 27, 2024)
No changes to the price of Xinyuan Real Estate Company., Ltd. (ADR) stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 6.61% from a day low at $2.57 to a day high of $2.74. The price has been going up and down for this period, and there has been a -0.36% loss for the last 2 weeks.
The stock lies in the middle of a very 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 2.44% during the next 3 months and, with a 90% probability hold a price between $2.28 and $2.96 at the end of this 3-month period.
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XIN Signals & Forecast
The Xinyuan Real Estate Company., Ltd. (ADR) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $2.74. On a fall, the stock will find some support from the long-term average at approximately $2.71. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, January 31, 2024, and so far it has fallen -4.21%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Xinyuan Real Estate Company., Ltd. (ADR) stock
Xinyuan Real Estate Company., Ltd. (ADR) finds support from accumulated volume at $2.72 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 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 $0.170 between high and low, or 6.61%. For the last week the stock has had daily average volatility of 6.24%
Our recommended stop-loss: $2.58 (-5.50%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (XIN) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Xinyuan Real Estate Company., Ltd. (ADR) to open at $2.68, and during the day (based on 14 day Average True Range), to move between $2.59 and $2.87, which gives a possible trading interval of +/-$0.141 (+/-5.16%) 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 10.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.72 (0.37%) than the resistance at $2.74 (0.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xinyuan Real Estate Company., Ltd. (ADR) stock A Buy?
Xinyuan Real Estate Company., Ltd. (ADR) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.810 Hold/Accumulate Unchanged
Predicted Opening Price for Xinyuan Real Estate Company., Ltd. (ADR) of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$2.68 ( 1.83%) | $2.73 |
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 | 2.85 | 4.40 % | |
R2 | 2.79 | 2.02 % | ||
R1 | 2.74 | 0.547 % | ||
Current price: | 2.73 | |||
Support | S1 | 2.62 | -4.21 % | |
S2 | 2.57 | -5.68 % | ||
S3 | 2.51 | -8.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.77 | 1.47 % | |
R2 | 2.75 | 0.733 % | ||
R1 | 2.74 | 0.366 % | ||
Current price | 2.73 | |||
Support | S1 | 2.72 | -0.366% | |
S2 | 2.44 | -10.62% | ||
S3 | 2.17 | -20.51% |
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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