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AI Analysis of 002109.SZ
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Green day on Thursday for Shaanxi Xinghua Chemistry Co., Ltd. stock after gaining 1.88%
(Updated on Mar 28, 2024)

Sell candidate since Mar 22, 2024 Loss -2.32% PDF

The Shaanxi Xinghua Chemistry Co., Ltd. stock price gained 1.88% on the last trading day (Thursday, 28th Mar 2024), rising from ¥3.72 to ¥3.79. During the last trading day the stock fluctuated 2.96% from a day low at ¥3.71 to a day high of ¥3.82. The price has fallen in 5 of the last 10 days but is still up by 1.88% over the past 2 weeks. Volume fell on the last day by -828 thousand shares and in total, 4 million shares were bought and sold for approximately ¥15.20 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a very wide and falling 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 ¥3.80 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -24.78% during the next 3 months and, with a 90% probability hold a price between ¥1.65 and ¥2.86 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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002109.SZ Signals & Forecast

The Shaanxi Xinghua Chemistry Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥3.83. On a fall, the stock will find some support from the long-term average at approximately ¥3.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, March 20, 2024, and so far it has fallen -3.56%. 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).

Support, Risk & Stop-loss for Shaanxi Xinghua Chemistry Co., Ltd. stock

Shaanxi Xinghua Chemistry Co., Ltd. finds support from accumulated volume at ¥3.65 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 ¥0.110 between high and low, or 2.96%. For the last week, the stock has had daily average volatility of 3.14%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (002109.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Shaanxi Xinghua Chemistry Co., Ltd. to open at ¥3.77, and during the day (based on 14 day Average True Range), to move between ¥3.66 and ¥3.92, which gives a possible trading interval of +/-¥0.134 (+/-3.54%) up or down from last closing price. If Shaanxi Xinghua Chemistry Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥3.81 (0.53%) than the support at ¥3.65 (3.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Shaanxi Xinghua Chemistry Co., Ltd. stock A Buy?

Shaanxi Xinghua Chemistry Co., Ltd. holds several negative signals and is within a very 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: -2.369 Sell Candidate Unchanged

Predicted Opening Price for Shaanxi Xinghua Chemistry Co., Ltd. of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥3.77 ( 0.440%) ¥3.79

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 002109.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.88 2.46 %
R2 3.84 1.35 %
R1 3.82 0.669 %
Current price: 3.79
Support S1 3.73 -1.55 %
S2 3.71 -2.23 %
S3 3.66 -3.34 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.44 17.15 %
R2 3.88 2.37 %
R1 3.81 0.528 %
Current price 3.79
Support S1 3.65 -3.69%
S2 3.02 -20.32%
S3 2.87 -24.27%

002109 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 05, 2023 Jul 05, 2023 Jul 05, 2023 ¥0.150 3.33%
2 Jun 01, 2022 Jun 01, 2022 Jun 01, 2022 ¥0.150 2.56%
3 Sep 25, 2020 Sep 25, 2020 Sep 25, 2020 ¥0.0200 0.629%
4 May 24, 2013 May 24, 2013 May 24, 2013 ¥0.0667 1.62%
5 May 10, 2012 May 10, 2012 May 10, 2012 ¥0.133 2.32%

FAQ

What is the symbol for Shaanxi Xinghua Chemistry Co., Ltd. Stock and on which exchange is it traded?
The symbol for Shaanxi Xinghua Chemistry Co., Ltd. is 002109.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Shaanxi Xinghua Chemistry Co., Ltd. Stock?
Shaanxi Xinghua Chemistry Co., Ltd. holds several negative signals and is within a very 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.

How to buy Shaanxi Xinghua Chemistry Co., Ltd. Stock?
Shaanxi Xinghua Chemistry Co., Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Shaanxi Xinghua Chemistry Co., Ltd. Stock.

What's the current price of Shaanxi Xinghua Chemistry Co., Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an Shaanxi Xinghua Chemistry Co., Ltd. (002109.SZ) share was ¥3.79.

What is the 52-week high and low for Shaanxi Xinghua Chemistry Co., Ltd. Stock?
The 52-week high for Shaanxi Xinghua Chemistry Co., Ltd. Stock is ¥5.30 and the 52-week low is ¥2.58.

What is the market capitalization of Shaanxi Xinghua Chemistry Co., Ltd. Stock?
As of the 2024-03-28, the market capitalization of Shaanxi Xinghua Chemistry Co., Ltd. is 4.837B.
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About Shaanxi Xinghua Chemistry Co., Ltd.

Shaanxi Xinghua Chemistry Co.,Ltd produces and sells ammonium nitrate products primarily in China. The company also offers synthetic ammonia, methanol, methylamine, dimethylformamide, and other products. Shaanxi Xinghua Chemistry Co.,Ltd was founded in 1997 and is based in Xingping, China.... 002109.SZ Profile

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