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AI Analysis of 000639.SZ
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Xiwang Foodstuffs Co Ltd stock downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 27, 2024 Loss -1.19% PDF

The Xiwang Foodstuffs Co Ltd stock price fell by -1.19% on the last day (Thursday, 28th Mar 2024) from ¥3.35 to ¥3.31. During the last trading day the stock fluctuated 5.35% from a day low at ¥3.18 to a day high of ¥3.35. The price has risen in 7 of the last 10 days and is up by 3.44% over the past 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 -2 million shares and in total, 30 million shares were bought and sold for approximately ¥98.11 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥3.33 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -29.57% during the next 3 months and, with a 90% probability hold a price between ¥1.34 and ¥2.34 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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000639.SZ Signals & Forecast

The Xiwang Foodstuffs 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 ¥3.32. On a fall, the stock will find some support from the long-term average at approximately ¥3.14. 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. A buy signal was issued from a pivot bottom point on Wednesday, February 07, 2024, and so far it has risen 24.44%. Further rise is indicated until a new top pivot has been found. 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. 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 Xiwang Foodstuffs Co Ltd stock

Xiwang Foodstuffs Co Ltd finds support from accumulated volume at ¥3.25 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.170 between high and low, or 5.35%. For the last week, the stock has had daily average volatility of 5.88%.

Our recommended stop-loss: ¥3.19 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)

Trading Expectations (000639.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Xiwang Foodstuffs Co Ltd to open at ¥3.28, and during the day (based on 14 day Average True Range), to move between ¥3.16 and ¥3.46, which gives a possible trading interval of +/-¥0.149 (+/-4.51%) up or down from last closing price. If Xiwang Foodstuffs Co Ltd takes out the full calculated possible swing range there will be an estimated 9.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥3.35 (1.21%) than the support at ¥3.25 (1.81%), 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 Xiwang Foodstuffs Co Ltd stock A Buy?

Xiwang Foodstuffs Co Ltd 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. 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 Hold/Accumulate candidate.

Current score: -0.744 Hold/Accumulate Downgraded

Predicted Opening Price for Xiwang Foodstuffs Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥3.28 ( 0.91%) ¥3.31

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 000639.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.45 4.23 %
R2 3.39 2.27 %
R1 3.34 1.06 %
Current price: 3.31
Support S1 3.22 -2.87 %
S2 3.17 -4.08 %
S3 3.11 -6.04 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.99 20.54 %
R2 3.36 1.51 %
R1 3.35 1.21 %
Current price 3.31
Support S1 3.25 -1.81%
S2 2.98 -9.97%
S3 2.76 -16.62%

000639 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 17, 2019 Jul 17, 2019 Jul 17, 2019 ¥0.0571 0.97%
2 Jul 16, 2018 Jul 16, 2018 Jul 16, 2018 ¥0.0551 0.793%
3 Jun 28, 2017 Jun 28, 2017 Jun 28, 2017 ¥0.0459 0.456%
4 May 13, 2016 May 13, 2016 May 13, 2016 ¥0.0561 0.786%
5 Apr 27, 2015 Apr 27, 2015 Apr 27, 2015 ¥0.0077 0.107%

FAQ

What is the symbol for Xiwang Foodstuffs Co Ltd Stock and on which exchange is it traded?
The symbol for Xiwang Foodstuffs Co Ltd is 000639.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Xiwang Foodstuffs Co Ltd Stock?
Xiwang Foodstuffs Co Ltd 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. 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 Hold/Accumulate candidate.

How to buy Xiwang Foodstuffs Co Ltd Stock?
Xiwang Foodstuffs Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Xiwang Foodstuffs Co Ltd Stock.

What's the current price of Xiwang Foodstuffs Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Xiwang Foodstuffs Co Ltd (000639.SZ) share was ¥3.31.

What is the 52-week high and low for Xiwang Foodstuffs Co Ltd Stock?
The 52-week high for Xiwang Foodstuffs Co Ltd Stock is ¥5.22 and the 52-week low is ¥2.54.

What is the market capitalization of Xiwang Foodstuffs Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Xiwang Foodstuffs Co Ltd is 3.573B.
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About Xiwang Foodstuffs Co Ltd

Xiwang Foodstuffs Co.,Ltd. produces and sells corn germ oil products in China. Its products primarily include Xiwang corn germ oil and fresh-embryo corn germ oil, as well as sunflower seed oil, olive oil, linseed oil, peanut oil, and other healthy oils. The company was founded in 1986 and is based in Zouping, China.... 000639.SZ Profile

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