Chengdu Taihe Health Technlg Grp Inc Ltd Stock Forecast
Chengdu Taihe Health Technlg Grp Inc Ltd stock price up 0.97% on Friday
(Updated on May 17, 2024)
The Chengdu Taihe Health Technlg Grp Inc Ltd stock price gained 0.97% on the last trading day (Friday, 17th May 2024), rising from ¥4.11 to ¥4.15. During the last trading day the stock fluctuated 8.05% from a day low at ¥4.10 to a day high of ¥4.43. The price has fallen in 6 of the last 10 days and is down by -2.12% for this period. Volume fell on the last day by -1 million shares and in total, 15 million shares were bought and sold for approximately ¥60.27 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 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 7.30% during the next 3 months and, with a 90% probability hold a price between ¥3.74 and ¥4.95 at the end of this 3-month period.
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000790.SZ Signals & Forecast
The Chengdu Taihe Health Technlg Grp Inc 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 ¥4.27. On a fall, the stock will find some support from the long-term average at approximately ¥4.02. 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). 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 Wednesday, May 08, 2024, and so far it has fallen -9.39%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Chengdu Taihe Health Technlg Grp Inc Ltd stock
Chengdu Taihe Health Technlg Grp Inc Ltd finds support from accumulated volume at ¥3.98 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 ¥0.330 between high and low, or 8.05%. For the last week, the stock has had daily average volatility of 6.85%.
Our recommended stop-loss: ¥3.94 (-5.14%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (000790.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Chengdu Taihe Health Technlg Grp Inc Ltd to open at ¥4.23, and during the day (based on 14 day Average True Range), to move between ¥3.79 and ¥4.51, which gives a possible trading interval of +/-¥0.358 (+/-8.62%) up or down from last closing price. If Chengdu Taihe Health Technlg Grp Inc Ltd takes out the full calculated possible swing range there will be an estimated 17.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥4.24 (2.17%) than the support at ¥3.98 (4.10%), 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 Chengdu Taihe Health Technlg Grp Inc 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 Chengdu Taihe Health Technlg Grp Inc Ltd stock to perform well in the short-term.
Current score: 1.356 Buy Candidate Unchanged
Predicted Opening Price for Chengdu Taihe Health Technlg Grp Inc Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥4.23 ( 1.85%) | ¥4.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000790.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.56 | 9.80 % | |
| R2 | 4.43 | 6.76 % | ||
| R1 | 4.35 | 4.88 % | ||
| Current price: | 4.15 | |||
| Support | S1 | 4.10 | -1.19 % | |
| S2 | 4.02 | -3.07 % | ||
| S3 | 3.90 | -6.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.52 | 8.92 % | |
| R2 | 4.32 | 4.10 % | ||
| R1 | 4.24 | 2.17 % | ||
| Current price | 4.15 | |||
| Support | S1 | 3.98 | -4.10% | |
| S2 | 3.85 | -7.23% | ||
| S3 | 3.52 | -15.18% |
000790 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | ¥0.0100 | 0.196% |
| 2 | Jul 14, 2022 | Jul 14, 2022 | Jul 14, 2022 | ¥0.0100 | 0.211% |
| 3 | Jun 18, 2021 | Jun 18, 2021 | Jun 18, 2021 | ¥0.0100 | 0.191% |
| 4 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | ¥0.0100 | 0.206% |
| 5 | May 09, 2019 | May 09, 2019 | May 09, 2019 | ¥0.0273 | 0.585% |
FAQ
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