Yirendai Ltd Stock Forecast
Yirendai Ltd stock downgraded to Sell Candidate
(Updated on Apr 18, 2024)
The Yirendai Ltd stock price gained 2.97% on the last trading day (Thursday, 18th Apr 2024), rising from $4.71 to $4.85. During the last trading day the stock fluctuated 6.59% from a day low at $4.70 to a day high of $5.01. The price has risen in 6 of the last 10 days and is up by 5.21% over the past 2 weeks. Volume fell on the last day by -37 thousand shares and in total, 83 thousand shares were bought and sold for approximately $400.23 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 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 7.82% during the next 3 months and, with a 90% probability hold a price between $4.89 and $6.31 at the end of this 3-month period.
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YRD Signals & Forecast
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. The Yirendai Ltd 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 $4.98 and $5.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -8.14%. Further fall is indicated until a new bottom pivot has been found. 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 also not.
Support, Risk & Stop-loss for Yirendai Ltd stock
Yirendai Ltd finds support from accumulated volume at $4.83 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.310 between high and low, or 6.59%. For the last week the stock has had daily average volatility of 6.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YRD) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Yirendai Ltd to open at $4.85, and during the day (based on 14 day Average True Range), to move between $4.53 and $5.17, which gives a possible trading interval of +/-$0.324 (+/-6.68%) up or down from last closing price. If Yirendai Ltd takes out the full calculated possible swing range there will be an estimated 13.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.83 (0.41%) than the resistance at $5.07 (4.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yirendai Ltd stock A Buy?
The Yirendai Ltd stock holds several negative signals and despite the positive trend, we believe Yirendai Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.651 Sell Candidate Downgraded
Predicted Opening Price for Yirendai Ltd of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $4.85 ( 0.0680%) | $4.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YRD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.16 | 6.46 % | |
| R2 | 5.04 | 4.02 % | ||
| R1 | 4.97 | 2.51 % | ||
| Current price: | 4.85 | |||
| Support | S1 | 4.73 | -2.37 % | |
| S2 | 4.66 | -3.88 % | ||
| S3 | 4.54 | -6.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.45 | 12.37 % | |
| R2 | 5.38 | 10.93 % | ||
| R1 | 5.07 | 4.54 % | ||
| Current price | 4.85 | |||
| Support | S1 | 4.83 | -0.412% | |
| S2 | 4.51 | -7.01% | ||
| S3 | 4.42 | -8.87% |
YRD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2018 | Apr 27, 2018 | May 15, 2018 | $0.280 | 0.92% |
| 2 | Aug 01, 2017 | Sep 28, 2017 | Oct 16, 2017 | $1.50 | 2.92% |
FAQ
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