Hubei Xinyangfeng Fertilizer Co Ltd Stock Forecast
Hubei Xinyangfeng Fertilizer Co Ltd stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jul 03, 2024)
The Hubei Xinyangfeng Fertilizer Co Ltd stock price fell by -0.753% on the last day (Wednesday, 3rd Jul 2024) from ¥11.96 to ¥11.87. During the last trading day the stock fluctuated 2.56% from a day low at ¥11.74 to a day high of ¥12.04. The price has fallen in 6 of the last 10 days and is down by -3.5% for this period. 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 -10 million shares and in total, 3 million shares were bought and sold for approximately ¥41.13 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥11.82 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.43% during the next 3 months and, with a 90% probability hold a price between ¥12.46 and ¥14.10 at the end of this 3-month period.
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000902.SZ Signals & Forecast
There are mixed signals in the stock today. The Hubei Xinyangfeng Fertilizer Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥12.00 and ¥12.22. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.85%. 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).
Support, Risk & Stop-loss for Hubei Xinyangfeng Fertilizer Co Ltd stock
Hubei Xinyangfeng Fertilizer Co Ltd finds support from accumulated volume at ¥11.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.300 between high and low, or 2.56%. For the last week the stock has had daily average volatility of 3.82%.
Our recommended stop-loss: ¥11.16 (-5.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (000902.SZ) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Hubei Xinyangfeng Fertilizer Co Ltd to open at ¥11.88, and during the day (based on 14 day Average True Range), to move between ¥11.48 and ¥12.26, which gives a possible trading interval of +/-¥0.385 (+/-3.24%) up or down from last closing price. If Hubei Xinyangfeng Fertilizer Co Ltd takes out the full calculated possible swing range there will be an estimated 6.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥11.86 (0.08%) than the resistance at ¥12.20 (2.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hubei Xinyangfeng Fertilizer Co Ltd stock A Buy?
Hubei Xinyangfeng Fertilizer 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.825 Hold/Accumulate Upgraded
Predicted Opening Price for Hubei Xinyangfeng Fertilizer Co Ltd of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ¥11.88 ( 0.112%) | ¥11.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000902.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.18 | 2.64% |
| R2 | 12.07 | 1.67% |
| R1 | 12.00 | 1.08% |
| Price | 11.87 | |
| S1 | 11.77 | -0.85% |
| S2 | 11.70 | -1.45% |
| S3 | 11.58 | -2.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.85 | 8.26% |
| R2 | 12.67 | 6.74% |
| R1 | 12.20 | 2.78% |
| Price | 11.87 | |
| S1 | 11.86 | -0.0842% |
| S2 | 11.77 | -0.84% |
| S3 | 11.58 | -2.44% |
000902 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | May 21, 2024 | May 21, 2024 | ¥0.300 | 2.42% |
| 2 | May 23, 2023 | May 23, 2023 | May 23, 2023 | ¥0.200 | 1.87% |
| 3 | May 17, 2022 | May 17, 2022 | May 17, 2022 | ¥0.200 | 1.21% |
| 4 | May 11, 2021 | May 11, 2021 | May 11, 2021 | ¥0.200 | 1.32% |
| 5 | Jun 02, 2020 | Jun 02, 2020 | Jun 02, 2020 | ¥0.200 | 2.19% |
FAQ
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