Guilin Layn Natural Ingredients Corp Stock Forecast
Guilin Layn Natural Ingredients Corp stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Guilin Layn Natural Ingredients Corp stock price gained 3.16% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥7.60 to ¥7.84. During the last trading day the stock fluctuated 6.32% from a day low at ¥7.44 to a day high of ¥7.91. The price has risen in 7 of the last 10 days and is up by 18.61% 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, 510 thousand more shares were traded than the day before. In total, 33 million shares were bought and sold for approximately ¥260.44 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.12% during the next 3 months and, with a 90% probability hold a price between ¥7.82 and ¥9.51 at the end of this 3-month period.
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002166.SZ Signals & Forecast
The Guilin Layn Natural Ingredients Corp 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 ¥7.32 and ¥7.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 18.61%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Guilin Layn Natural Ingredients Corp stock
Guilin Layn Natural Ingredients Corp finds support from accumulated volume at ¥7.60 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 ¥0.470 between high and low, or 6.32%. For the last week, the stock has had daily average volatility of 5.70%.
Our recommended stop-loss: ¥7.53 (-3.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (002166.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Guilin Layn Natural Ingredients Corp to open at ¥7.73, and during the day (based on 14 day Average True Range), to move between ¥7.35 and ¥8.33, which gives a possible trading interval of +/-¥0.491 (+/-6.26%) up or down from last closing price. If Guilin Layn Natural Ingredients Corp takes out the full calculated possible swing range there will be an estimated 12.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥7.93 (1.15%) than the support at ¥7.60 (3.06%), 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 Guilin Layn Natural Ingredients Corp stock A Buy?
Guilin Layn Natural Ingredients Corp holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.007 Strong Buy Candidate Upgraded
Predicted Opening Price for Guilin Layn Natural Ingredients Corp of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥7.73 ( 1.40%) | ¥7.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002166.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.20 | 4.59 % | |
| R2 | 8.02 | 2.30 % | ||
| R1 | 7.91 | 0.89 % | ||
| Current price: | 7.84 | |||
| Support | S1 | 7.55 | -3.69 % | |
| S2 | 7.44 | -5.11 % | ||
| S3 | 7.26 | -7.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 7.94 | 1.28 % | ||
| R1 | 7.93 | 1.15 % | ||
| Current price | 7.84 | |||
| Support | S1 | 7.60 | -3.06% | |
| S2 | 7.56 | -3.57% | ||
| S3 | 7.30 | -6.89% |
002166 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 12, 2023 | May 12, 2023 | May 12, 2023 | ¥0.100 | 1.39% |
| 2 | May 25, 2021 | May 25, 2021 | May 25, 2021 | ¥0.0500 | 0.597% |
| 3 | Jun 23, 2020 | Jun 23, 2020 | Jun 23, 2020 | ¥0.0500 | 0.624% |
| 4 | Jun 19, 2019 | Jun 19, 2019 | Jun 19, 2019 | ¥0.0500 | 0.583% |
| 5 | Jun 13, 2018 | Jun 13, 2018 | Jun 13, 2018 | ¥0.0428 | 0.561% |
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