Zhenxing Biopharmaceutical&Chemcl Co Ltd Stock Forecast
Zhenxing Biopharmaceutical&Chemcl Co Ltd stock price ended at ¥29.29 on Tuesday, after losing 1.61%.
(Updated on Apr 30, 2024)
The Zhenxing Biopharmaceutical&Chemcl Co Ltd stock price fell by -1.61% on the last day (Tuesday, 30th Apr 2024) from ¥29.77 to ¥29.29. During the last trading day the stock fluctuated 2.46% from a day low at ¥29.26 to a day high of ¥29.98. The price has been going up and down for this period, and there has been a -1.28% loss for the last 2 weeks. 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 -3 million shares and in total, 5 million shares were bought and sold for approximately ¥150.20 million.
The stock lies in the middle of a wide and strong 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 19.56% during the next 3 months and, with a 90% probability hold a price between ¥32.82 and ¥36.59 at the end of this 3-month period.
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000403.SZ Signals & Forecast
The Zhenxing Biopharmaceutical&Chemcl Co Ltd 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 ¥29.63. On a fall, the stock will find some support from the long-term average at approximately ¥28.78. 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 Friday, April 19, 2024, and so far it has fallen -2.37%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Zhenxing Biopharmaceutical&Chemcl Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥26.42 and ¥25.95. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Zhenxing Biopharmaceutical&Chemcl Co Ltd finds support just below today's level at ¥26.42. If this is broken, then the next support from accumulated volume will be at ¥25.95 and ¥22.70.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.720 (2.46%) between high and low. For the last week, the stock has had daily average volatility of 2.80%.
Our recommended stop-loss: ¥28.02 (-4.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (000403.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Zhenxing Biopharmaceutical&Chemcl Co Ltd to open at ¥29.51, and during the day (based on 14 day Average True Range), to move between ¥28.08 and ¥30.50, which gives a possible trading interval of +/-¥1.21 (+/-4.14%) up or down from last closing price. If Zhenxing Biopharmaceutical&Chemcl Co Ltd takes out the full calculated possible swing range there will be an estimated 8.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥29.59 (1.02%) than the support at ¥26.42 (9.80%), 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 Zhenxing Biopharmaceutical&Chemcl Co Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Zhenxing Biopharmaceutical&Chemcl Co Ltd stock to perform well in the short-term.
Current score: 1.642 Buy Candidate Unchanged
Predicted Opening Price for Zhenxing Biopharmaceutical&Chemcl Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥29.51 ( 0.751%) | ¥29.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000403.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.23 | 3.21 % | |
| R2 | 29.95 | 2.27 % | ||
| R1 | 29.79 | 1.69 % | ||
| Current price: | 29.29 | |||
| Support | S1 | 29.23 | -0.188 % | |
| S2 | 29.07 | -0.768 % | ||
| S3 | 28.79 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.77 | 1.64 % | |
| R2 | 29.67 | 1.30 % | ||
| R1 | 29.59 | 1.02 % | ||
| Current price | 29.29 | |||
| Support | S1 | 26.42 | -9.80% | |
| S2 | 25.95 | -11.40% | ||
| S3 | 22.70 | -22.50% |
000403 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | ¥0.0802 | 0.413% |
| 2 | Jul 15, 2022 | Jul 15, 2022 | Jul 15, 2022 | ¥0.0560 | 0.271% |
| 3 | Jul 27, 2020 | Jul 27, 2020 | Jul 27, 2020 | ¥0.120 | 0.306% |
FAQ
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