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AI Analysis of 000729.SZ
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Stronger technical forecast for Beijing Yanjing Brewery Co., Ltd. stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 12, 2024 Gain 1.44% PDF

The Beijing Yanjing Brewery Co., Ltd. stock price gained 0.658% on the last trading day (Thursday, 28th Mar 2024), rising from ¥9.12 to ¥9.18. During the last trading day the stock fluctuated 2.99% from a day low at ¥9.02 to a day high of ¥9.29. The price has been going up and down for this period, and there has been a 1.66% gain for the last 2 weeks. Volume fell on the last day by -232 thousand shares and in total, 17 million shares were bought and sold for approximately ¥152.23 million. 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 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 10.74% during the next 3 months and, with a 90% probability hold a price between ¥9.35 and ¥10.43 at the end of this 3-month period.

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000729.SZ Signals & Forecast

The Beijing Yanjing Brewery Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥9.16 and ¥8.84. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Tuesday, March 19, 2024, and so far it has fallen -1.40%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Beijing Yanjing Brewery Co., Ltd. stock

Beijing Yanjing Brewery Co., Ltd. finds support from accumulated volume at ¥8.87 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 ¥0.270 between high and low, or 2.99%. For the last week, the stock has had daily average volatility of 2.98%.

Our recommended stop-loss: ¥8.86 (-3.46%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (000729.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Beijing Yanjing Brewery Co., Ltd. to open at ¥9.16, and during the day (based on 14 day Average True Range), to move between ¥8.93 and ¥9.43, which gives a possible trading interval of +/-¥0.251 (+/-2.73%) up or down from last closing price. If Beijing Yanjing Brewery Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥9.19 (0.11%) than the support at ¥8.87 (3.38%), 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 Beijing Yanjing Brewery 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 Beijing Yanjing Brewery Co., Ltd. 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: 3.721 Buy Candidate Upgraded

Predicted Opening Price for Beijing Yanjing Brewery Co., Ltd. of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥9.16 ( 0.182%) ¥9.18

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

Trading levels for 000729.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.43 2.76 %
R2 9.33 1.64 %
R1 9.27 0.94 %
Current price: 9.18
Support S1 9.06 -1.31 %
S2 9.00 -2.00 %
S3 8.89 -3.12 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 9.30 1.31 %
R2 9.26 0.87 %
R1 9.19 0.109 %
Current price 9.18
Support S1 8.87 -3.38%
S2 8.76 -4.58%
S3 8.71 -5.12%

000729 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 04, 2023 Jul 04, 2023 Jul 04, 2023 ¥0.0800 0.650%
2 Jul 14, 2022 Jul 14, 2022 Jul 14, 2022 ¥0.0400 0.454%
3 Jul 14, 2021 Jul 14, 2021 Jul 14, 2021 ¥0.0220 0.312%
4 Jul 10, 2020 Jul 10, 2020 Jul 10, 2020 ¥0.0220 0.303%
5 Jul 15, 2019 Jul 15, 2019 Jul 15, 2019 ¥0.0220 0.339%

FAQ

What is the symbol for Beijing Yanjing Brewery Co., Ltd. Stock and on which exchange is it traded?
The symbol for Beijing Yanjing Brewery Co., Ltd. is 000729.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Beijing Yanjing Brewery Co., Ltd. Stock?
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 Beijing Yanjing Brewery Co., Ltd. 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.

How to buy Beijing Yanjing Brewery Co., Ltd. Stock?
Beijing Yanjing Brewery 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 Beijing Yanjing Brewery Co., Ltd. Stock.

What's the current price of Beijing Yanjing Brewery Co., Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an Beijing Yanjing Brewery Co., Ltd. (000729.SZ) share was ¥9.18.

What is the 52-week high and low for Beijing Yanjing Brewery Co., Ltd. Stock?
The 52-week high for Beijing Yanjing Brewery Co., Ltd. Stock is ¥14.48 and the 52-week low is ¥7.59.

What is the market capitalization of Beijing Yanjing Brewery Co., Ltd. Stock?
As of the 2024-03-28, the market capitalization of Beijing Yanjing Brewery Co., Ltd. is 25.874B.

When is the next earnings date for Beijing Yanjing Brewery Co., Ltd.?
The upcoming earnings date for Beijing Yanjing Brewery Co., Ltd. is Apr 16, 2024.
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About Beijing Yanjing Brewery Co., Ltd.

Beijing Yanjing Brewery Co. Ltd. Beijing Yanjing Brewery Co.,Ltd. engages in brewing beer in the People's Republic of China and internationally. It also produces and sells beverages, including mineral water, etc. The company was formerly known as Shunyi County Brewery and changed its name to Beijing Yanjing Brewery Co.,Ltd. in March 1984. Beijing Yanjing Brewery Co.,Ltd. was founded in 1980 and is based in Beijing, the People's Republic of China.... 000729.SZ Profile

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