Jiangsu Sihuan Bioengineering Co., Ltd Stock Forecast
Jiangsu Sihuan Bioengineering Co., Ltd stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on May 20, 2024)
The Jiangsu Sihuan Bioengineering Co., Ltd stock price fell by -1.63% on the last day (Monday, 20th May 2024) from ¥2.45 to ¥2.41. During the last trading day the stock fluctuated 2.51% from a day low at ¥2.39 to a day high of ¥2.45. The price has fallen in 7 of the last 10 days but is still up by 0.42% over the past 2 weeks. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 28 million shares were bought and sold for approximately ¥68.65 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.45% during the next 3 months and, with a 90% probability hold a price between ¥1.90 and ¥2.75 at the end of this 3-month period.
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000518.SZ Signals & Forecast
The Jiangsu Sihuan Bioengineering 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 ¥2.54. On a fall, the stock will find some support from the long-term average at approximately ¥2.39. 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 Thursday, May 09, 2024, and so far it has fallen -15.73%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Thursday, May 09, 2024 and based on theory for this formation the price should fall by -41.59% to ¥1.41 within 33 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for Jiangsu Sihuan Bioengineering Co., Ltd stock
Jiangsu Sihuan Bioengineering Co., Ltd finds support from accumulated volume at ¥2.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.0600 between high and low, or 2.51%. For the last week, the stock has had daily average volatility of 16.44%.
Our recommended stop-loss: ¥2.34 (-3.09%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (000518.SZ) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Jiangsu Sihuan Bioengineering Co., Ltd to open at ¥2.42, and during the day (based on 14 day Average True Range), to move between ¥2.11 and ¥2.71, which gives a possible trading interval of +/-¥0.295 (+/-12.26%) up or down from last closing price. If Jiangsu Sihuan Bioengineering Co., Ltd takes out the full calculated possible swing range there will be an estimated 24.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥2.40 (0.41%) than the resistance at ¥2.72 (12.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jiangsu Sihuan Bioengineering Co., Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.016 Buy Candidate Upgraded
Predicted Opening Price for Jiangsu Sihuan Bioengineering Co., Ltd of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ¥2.42 ( 0.277%) | ¥2.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000518.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.48 | 2.77 % | |
| R2 | 2.45 | 1.82 % | ||
| R1 | 2.44 | 1.23 % | ||
| Current price: | 2.41 | |||
| Support | S1 | 2.39 | -0.674 % | |
| S2 | 2.38 | -1.26 % | ||
| S3 | 2.36 | -2.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.85 | 18.26 % | |
| R2 | 2.80 | 16.18 % | ||
| R1 | 2.72 | 12.86 % | ||
| Current price | 2.41 | |||
| Support | S1 | 2.40 | -0.415% | |
| S2 | 2.38 | -1.24% | ||
| S3 | 2.36 | -2.07% |
000518 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 26, 2003 | Aug 26, 2003 | Aug 26, 2003 | ¥0.0288 | 0.592% |
| 2 | Jul 22, 2003 | Jul 22, 2003 | Jul 22, 2003 | ¥0.0065 | 0.149% |
| 3 | Mar 20, 2002 | Mar 20, 2002 | Mar 20, 2002 | ¥0.0044 | 0.129% |
| 4 | Apr 20, 2001 | Apr 20, 2001 | Apr 20, 2001 | ¥0.0065 | 0.212% |
| 5 | Jul 30, 1996 | Jul 30, 1996 | Jul 30, 1996 | ¥0.0017 | 0.255% |
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