Xinyuan Real Estate Company., Ltd. (ADR) Stock Forecast
Red day on Thursday for Xinyuan Real Estate Company., Ltd. (ADR)
(Updated on Apr 25, 2024)
The Xinyuan Real Estate Company., Ltd. (ADR) stock price fell by -0.366% on the last day (Thursday, 25th Apr 2024) from $2.73 to $2.72. During the last trading day the stock fluctuated 0.368% from a day low at $2.72 to a day high of $2.73. The price has risen in 5 of the last 10 days but is still down by -2.16% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -340 shares and in total, 2 thousand shares were bought and sold for approximately $4.12 thousand.
The stock is moving within a horizontal trend and further movements within this trend can 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 $2.59 and $2.78 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
The Xinyuan Real Estate Company., Ltd. (ADR) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.68 and $2.72. A breakdown below any of these levels will issue sell signals. 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, April 24, 2024, and so far it has fallen -0.366%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Thursday, April 18, 2024 and based on theory for this formation the price should go up by 7.13% to $2.91 within 30 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for Xinyuan Real Estate Company., Ltd. (ADR) stock
Xinyuan Real Estate Company., Ltd. (ADR) finds support from accumulated volume at $2.70 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 controlled movements and therefore the general risk is considered 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 $0.0100 between high and low, or 0.368%. For the last week the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: $2.61 (-4.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (XIN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Xinyuan Real Estate Company., Ltd. (ADR) to open at $2.72, and during the day (based on 14 day Average True Range), to move between $2.61 and $2.83, which gives a possible trading interval of +/-$0.111 (+/-4.09%) 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 8.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.73 (0.37%) than the support at $2.70 (0.74%), 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 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: -0.710 Hold/Accumulate Unchanged
Predicted Opening Price for Xinyuan Real Estate Company., Ltd. (ADR) of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $2.72 ( 0.123%) | $2.72 |
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 | 2.73 | 0.490 % | |
| R2 | 2.73 | 0.350 % | ||
| R1 | 2.73 | 0.263 % | ||
| Current price: | 2.72 | |||
| Support | S1 | 2.72 | -0.0179 % | |
| S2 | 2.72 | -0.105 % | ||
| S3 | 2.71 | -0.245 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.78 | 2.21 % | |
| R2 | 2.77 | 1.84 % | ||
| R1 | 2.73 | 0.368 % | ||
| Current price | 2.72 | |||
| Support | S1 | 2.70 | -0.735% | |
| S2 | 2.68 | -1.47% | ||
| S3 | 2.64 | -2.94% |
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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