Meinian Onehealth Healthcr Hldngs Co Ltd Stock Forecast
Red day on Friday for Meinian Onehealth Healthcr Hldngs Co Ltd
(Updated on Apr 19, 2024)
The Meinian Onehealth Healthcr Hldngs Co Ltd stock price fell by -1.51% on the last day (Friday, 19th Apr 2024) from ¥4.64 to ¥4.57. During the last trading day the stock fluctuated 5.73% from a day low at ¥4.54 to a day high of ¥4.80. The price has fallen in 7 of the last 10 days and is down by -8.6% 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 -9 million shares and in total, 39 million shares were bought and sold for approximately ¥180.21 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥4.53 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.66% during the next 3 months and, with a 90% probability hold a price between ¥4.32 and ¥5.22 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002044.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.661%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Meinian Onehealth Healthcr Hldngs 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 ¥4.65 and ¥5.14. A break-up above any of these levels will issue buy signals. 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 Meinian Onehealth Healthcr Hldngs Co Ltd stock
Meinian Onehealth Healthcr Hldngs Co Ltd finds support from accumulated volume at ¥4.54 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 ¥0.260 between high and low, or 5.73%. For the last week, the stock has had daily average volatility of 5.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002044.SZ) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Meinian Onehealth Healthcr Hldngs Co Ltd to open at ¥4.64, and during the day (based on 14 day Average True Range), to move between ¥4.37 and ¥4.77, which gives a possible trading interval of +/-¥0.197 (+/-4.30%) up or down from last closing price. If Meinian Onehealth Healthcr Hldngs Co Ltd takes out the full calculated possible swing range there will be an estimated 8.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.54 (0.66%) than the resistance at ¥5.06 (10.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Meinian Onehealth Healthcr Hldngs Co Ltd stock A Buy?
Meinian Onehealth Healthcr Hldngs Co Ltd holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.077 Sell Candidate Unchanged
Predicted Opening Price for Meinian Onehealth Healthcr Hldngs Co Ltd of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| ¥4.64 ( 1.46%) | ¥4.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002044.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.90 | 7.15 % | |
| R2 | 4.80 | 4.97 % | ||
| R1 | 4.74 | 3.63 % | ||
| Current price: | 4.57 | |||
| Support | S1 | 4.54 | -0.715 % | |
| S2 | 4.48 | -2.06 % | ||
| S3 | 4.38 | -4.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.55 | 21.44 % | |
| R2 | 5.41 | 18.38 % | ||
| R1 | 5.06 | 10.72 % | ||
| Current price | 4.57 | |||
| Support | S1 | 4.54 | -0.656% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
002044 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 10, 2019 | Jul 10, 2019 | Jul 10, 2019 | ¥0.0443 | 0.450% |
| 2 | Jun 11, 2018 | Jun 11, 2018 | Jun 11, 2018 | ¥0.0347 | 0.187% |
| 3 | Apr 25, 2017 | Apr 25, 2017 | Apr 25, 2017 | ¥0.0104 | 0.103% |
| 4 | Jun 03, 2015 | Jun 03, 2015 | Jun 03, 2015 | ¥0.0224 | 0.123% |
| 5 | Jul 02, 2014 | Jul 02, 2014 | Jul 02, 2014 | ¥0.0140 | 0.776% |
FAQ
Click here for our free guide on how to buy Meinian Onehealth Healthcr Hldngs Co Ltd Stock.
