Huapont Life Sciences Co Ltd Stock Forecast
Huapont Life Sciences Co Ltd stock price ended at ¥4.75 on Wednesday, after gaining 0.211%.
(Updated on May 08, 2024)
The Huapont Life Sciences Co Ltd stock price gained 0.211% on the last trading day (Wednesday, 8th May 2024), rising from ¥4.74 to ¥4.75. During the last trading day the stock fluctuated 4.79% from a day low at ¥4.59 to a day high of ¥4.81. The price has risen in 6 of the last 10 days and is up by 5.09% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 18 million shares were bought and sold for approximately ¥87.74 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ¥4.75 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.18% during the next 3 months and, with a 90% probability hold a price between ¥4.36 and ¥4.86 at the end of this 3-month period.
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002004.SZ Signals & Forecast
The Huapont Life Sciences Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥4.63 and ¥4.48. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, May 06, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Huapont Life Sciences Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥4.50 and ¥4.49. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Huapont Life Sciences Co Ltd finds support just below today's level at ¥4.50. If this is broken, then the next support from accumulated volume will be at ¥4.49 and ¥4.46.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.220 (4.79%) between high and low. For the last week, the stock has had daily average volatility of 4.47%.
Our recommended stop-loss: ¥4.58 (-3.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (002004.SZ) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Huapont Life Sciences Co Ltd to open at ¥4.72, and during the day (based on 14 day Average True Range), to move between ¥4.61 and ¥4.89, which gives a possible trading interval of +/-¥0.135 (+/-2.85%) up or down from last closing price. If Huapont Life Sciences Co Ltd takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥4.50, some ¥0.250 (5.26%) from the current price of ¥4.75, our system finds the risk reward attractive.
Is Huapont Life Sciences Co 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 Huapont Life Sciences Co Ltd stock to perform well in the short-term.
Current score: 3.595 Buy Candidate Unchanged
Predicted Opening Price for Huapont Life Sciences Co Ltd of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ¥4.72 ( 0.702%) | ¥4.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002004.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.94 | 3.93 % | |
| R2 | 4.85 | 2.16 % | ||
| R1 | 4.80 | 1.07 % | ||
| Current price: | 4.75 | |||
| Support | S1 | 4.63 | -2.47 % | |
| S2 | 4.58 | -3.56 % | ||
| S3 | 4.50 | -5.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 4.75 | |||
| Support | S1 | 4.50 | -5.26% | |
| S2 | 4.49 | -5.47% | ||
| S3 | 4.46 | -6.11% |
002004 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | ¥0.220 | 4.45% |
| 2 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | ¥0.220 | 4.16% |
| 3 | Apr 30, 2021 | Apr 30, 2021 | Apr 30, 2021 | ¥0.220 | 3.40% |
| 4 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | ¥0.220 | 4.17% |
| 5 | Jul 05, 2019 | Jul 05, 2019 | Jul 05, 2019 | ¥0.220 | 4.56% |
FAQ
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