C.Q. Pharmaceutical Holding Co., Ltd. Stock Forecast
Weaker technical forecast for C.Q. Pharmaceutical Holding Co., Ltd. as stock downgraded to Sell Candidate.
(Updated on Jun 17, 2024)
The C.Q. Pharmaceutical Holding Co., Ltd. stock price fell by -0.95% on the last day (Monday, 17th Jun 2024) from ¥5.26 to ¥5.21. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.73% from a day low at ¥5.20 to a day high of ¥5.29. The price has fallen in 8 of the last 10 days and is down by -10.94% 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 -4 million shares and in total, 8 million shares were bought and sold for approximately ¥40.61 million.
Given the current short-term trend, the stock is expected to rise 10.44% during the next 3 months and, with a 90% probability hold a price between ¥5.75 and ¥6.90 at the end of this 3-month period.
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000950.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The C.Q. Pharmaceutical Holding 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 ¥5.33 and ¥5.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -14.03%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 C.Q. Pharmaceutical Holding Co., Ltd. stock
C.Q. Pharmaceutical Holding Co., Ltd. finds support from accumulated volume at ¥5.18 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 ¥0.0900 between high and low, or 1.73%. For the last week, the stock has had daily average volatility of 2.70%.
C.Q. Pharmaceutical Holding Co., Ltd. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000950.SZ) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect C.Q. Pharmaceutical Holding Co., Ltd. to open at ¥5.23, and during the day (based on 14 day Average True Range), to move between ¥4.97 and ¥5.45, which gives a possible trading interval of +/-¥0.239 (+/-4.58%) up or down from last closing price. If C.Q. Pharmaceutical Holding Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.18 (0.58%) than the resistance at ¥5.45 (4.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is C.Q. Pharmaceutical Holding Co., Ltd. stock A Buy?
The C.Q. Pharmaceutical Holding Co., Ltd. stock holds several negative signals and despite the positive trend, we believe C.Q. Pharmaceutical Holding Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.119 Sell Candidate Downgraded
Predicted Opening Price for C.Q. Pharmaceutical Holding Co., Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ¥5.23 ( 0.448%) | ¥5.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000950.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.32 | 2.18% |
| R2 | 5.29 | 1.52% |
| R1 | 5.27 | 1.11% |
| Price | 5.21 | |
| S1 | 5.20 | -0.212% |
| S2 | 5.18 | -0.620% |
| S3 | 5.14 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.88 | 12.86% |
| R2 | 5.71 | 9.60% |
| R1 | 5.45 | 4.61% |
| Price | 5.21 | |
| S1 | 5.18 | -0.576% |
| S2 | 5.14 | -1.34% |
| S3 | 5.12 | -1.73% |
000950 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jun 06, 2024 | ¥0.0500 | 0.93% |
| 2 | Jul 11, 2023 | Jul 11, 2023 | Jul 11, 2023 | ¥0.0600 | 0.97% |
| 3 | Jun 28, 2022 | Jun 28, 2022 | Jun 28, 2022 | ¥0.0650 | 1.29% |
| 4 | Oct 18, 2021 | Oct 18, 2021 | Oct 18, 2021 | ¥0.0400 | 0.81% |
| 5 | May 18, 2020 | May 18, 2020 | May 18, 2020 | ¥0.0500 | 1.00% |
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