PKU HealthCare Corp Ltd Stock Forecast
PKU HealthCare Corp Ltd stock price ended at ¥6.00 on Friday, after losing 3.38%.
(Updated on May 10, 2024)
The PKU HealthCare Corp Ltd stock price fell by -3.38% on the last day (Friday, 10th May 2024) from ¥6.21 to ¥6.00. During the last trading day the stock fluctuated 4.03% from a day low at ¥5.96 to a day high of ¥6.20. The price has risen in 5 of the last 10 days and is up by 22.95% 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 -8 million shares and in total, 30 million shares were bought and sold for approximately ¥178.43 million.
The stock lies in the middle of a very wide and weak 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 8.33% during the next 3 months and, with a 90% probability hold a price between ¥5.03 and ¥6.98 at the end of this 3-month period.
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000788.SZ Signals & Forecast
The PKU HealthCare Corp 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 ¥6.00. On a fall, the stock will find some support from the long-term average at approximately ¥5.37. 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 Wednesday, May 08, 2024, and so far it has fallen -6.69%. 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 PKU HealthCare Corp Ltd stock
PKU HealthCare Corp Ltd finds support from accumulated volume at ¥5.91 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 ¥0.240 between high and low, or 4.03%. For the last week, the stock has had daily average volatility of 15.35%.
Our recommended stop-loss: ¥5.67 (-5.56%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (000788.SZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect PKU HealthCare Corp Ltd to open at ¥6.05, and during the day (based on 14 day Average True Range), to move between ¥5.50 and ¥6.50, which gives a possible trading interval of +/-¥0.498 (+/-8.30%) up or down from last closing price. If PKU HealthCare Corp Ltd takes out the full calculated possible swing range there will be an estimated 16.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.91 (1.50%) than the resistance at ¥6.11 (1.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PKU HealthCare Corp 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 PKU HealthCare Corp Ltd stock to perform well in the short-term.
Current score: 2.601 Buy Candidate Unchanged
Predicted Opening Price for PKU HealthCare Corp Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ¥6.05 ( 0.89%) | ¥6.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000788.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.29 | 4.89 % | |
| R2 | 6.20 | 3.36 % | ||
| R1 | 6.15 | 2.42 % | ||
| Current price: | 6.00 | |||
| Support | S1 | 5.96 | -0.639 % | |
| S2 | 5.91 | -1.58 % | ||
| S3 | 5.81 | -3.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.43 | 7.17 % | |
| R2 | 6.21 | 3.50 % | ||
| R1 | 6.11 | 1.83 % | ||
| Current price | 6.00 | |||
| Support | S1 | 5.91 | -1.50% | |
| S2 | 5.39 | -10.17% | ||
| S3 | 5.28 | -12.00% |
000788 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | ¥0.0230 | 0.290% |
| 2 | May 29, 2019 | May 29, 2019 | May 29, 2019 | ¥0.0200 | 0.293% |
| 3 | Jun 20, 2018 | Jun 20, 2018 | Jun 20, 2018 | ¥0.0130 | 0.197% |
| 4 | May 23, 2014 | May 23, 2014 | May 23, 2014 | ¥0.0110 | 0.0820% |
| 5 | May 24, 2013 | May 24, 2013 | May 24, 2013 | ¥0.0100 | 0.0776% |
FAQ
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