Guangdong Yuehai Feeds Group Co.,ltd. Stock Forecast
Red day on Friday for Guangdong Yuehai Feeds Group Co.,ltd. stock after losing 0.265%
(Updated on Jun 28, 2024)
The Guangdong Yuehai Feeds Group Co.,ltd. stock price fell by -0.265% on the last day (Friday, 28th Jun 2024) from ¥7.54 to ¥7.52. During the last trading day the stock fluctuated 2.41% from a day low at ¥7.48 to a day high of ¥7.66. The price has fallen in 6 of the last 10 days and is down by -11.22% for this period. Volume has increased on the last day by 98 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately ¥11.48 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Guangdong Yuehai Feeds Group Co.,ltd. stock with a 90% probability to be traded between ¥6.91 and ¥9.17 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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001313.SZ Signals & Forecast
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. The Guangdong Yuehai Feeds Group 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 ¥7.73 and ¥8.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -11.53%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Guangdong Yuehai Feeds Group Co.,ltd. stock
Guangdong Yuehai Feeds Group Co.,ltd. finds support from accumulated volume at ¥7.42 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 ¥0.180 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 4.80%.
Our recommended stop-loss: ¥7.18 (-4.55%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (001313.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Guangdong Yuehai Feeds Group Co.,ltd. to open at ¥7.55, and during the day (based on 14 day Average True Range), to move between ¥7.08 and ¥7.96, which gives a possible trading interval of +/-¥0.436 (+/-5.80%) up or down from last closing price. If Guangdong Yuehai Feeds Group Co.,ltd. takes out the full calculated possible swing range there will be an estimated 11.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.42 (1.33%) than the resistance at ¥8.86 (17.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangdong Yuehai Feeds Group Co.,ltd. stock A Buy?
Guangdong Yuehai Feeds Group Co.,ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.557 Hold/Accumulate Unchanged
Predicted Opening Price for Guangdong Yuehai Feeds Group Co.,ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
¥7.55 ( 0.443%) | ¥7.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 001313.SZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.73 | 2.84% |
R2 | 7.66 | 1.92% |
R1 | 7.62 | 1.36% |
Price | 7.52 | |
S1 | 7.48 | -0.471% |
S2 | 7.44 | -1.04% |
S3 | 7.37 | -1.95% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 9.00 | 19.68% |
R2 | 8.91 | 18.48% |
R1 | 8.86 | 17.82% |
Price | 7.52 | |
S1 | 7.42 | -1.33% |
S2 | 7.22 | -3.99% |
S3 | 6.74 | -10.37% |
001313 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 19, 2024 | Jun 19, 2024 | Jun 19, 2024 | ¥0.0500 | 0.615% |
2 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | ¥0.0486 | 0.601% |
3 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | ¥0.0550 | 0.425% |
FAQ
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