Guangdong Jiaying Pharmaceutical Co., Stock Forecast
Green day on Friday for Guangdong Jiaying Pharmaceutical Co.,
(Updated on Jun 28, 2024)
The Guangdong Jiaying Pharmaceutical Co., stock price gained 0.662% on the last trading day (Friday, 28th Jun 2024), rising from ¥7.55 to ¥7.60. During the last trading day the stock fluctuated 8.73% from a day low at ¥7.10 to a day high of ¥7.72. The price has risen in 7 of the last 10 days and is up by 10.79% 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, 10 million more shares were traded than the day before. In total, 20 million shares were bought and sold for approximately ¥152.60 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 ¥7.75 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.43% during the next 3 months and, with a 90% probability hold a price between ¥6.78 and ¥8.24 at the end of this 3-month period.
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002198.SZ Signals & Forecast
The Guangdong Jiaying Pharmaceutical Co., 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 ¥7.46 and ¥6.77. 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 Wednesday, June 26, 2024, and so far it has fallen -1.68%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, May 31, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, May 31, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Guangdong Jiaying Pharmaceutical Co., stock
Guangdong Jiaying Pharmaceutical Co., finds support from accumulated volume at ¥7.37 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 ¥0.620 between high and low, or 8.73%. For the last week, the stock has had daily average volatility of 8.90%.
Our recommended stop-loss: ¥7.29 (-4.10%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 32 days ago.)
Trading Expectations (002198.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Guangdong Jiaying Pharmaceutical Co., Ltd to open at ¥7.47, and during the day (based on 14 day Average True Range), to move between ¥7.09 and ¥8.11, which gives a possible trading interval of +/-¥0.510 (+/-6.71%) up or down from last closing price. If Guangdong Jiaying Pharmaceutical Co., Ltd takes out the full calculated possible swing range there will be an estimated 13.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥7.64 (0.53%) than the support at ¥7.37 (3.03%), 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 Guangdong Jiaying Pharmaceutical 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 Guangdong Jiaying Pharmaceutical Co., stock to perform well in the short-term.
Current score: 1.552 Buy Candidate Unchanged
Predicted Opening Price for Guangdong Jiaying Pharmaceutical Co., Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥7.47 ( 1.67%) | ¥7.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002198.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.09 | 6.49% |
| R2 | 7.86 | 3.37% |
| R1 | 7.71 | 1.45% |
| Price | 7.60 | |
| S1 | 7.24 | -4.78% |
| S2 | 7.09 | -6.71% |
| S3 | 6.85 | -9.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 7.73 | 1.71% |
| R1 | 7.64 | 0.526% |
| Price | 7.60 | |
| S1 | 7.37 | -3.03% |
| S2 | 6.77 | -10.92% |
| S3 | 6.69 | -11.97% |
002198 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2024 | Jun 21, 2024 | Jun 21, 2024 | ¥0.0500 | 0.686% |
| 2 | Oct 09, 2017 | Oct 09, 2017 | Oct 09, 2017 | ¥0.0400 | 0.316% |
| 3 | Apr 03, 2014 | Apr 03, 2014 | Apr 03, 2014 | ¥0.0400 | 0.393% |
| 4 | May 08, 2013 | May 08, 2013 | May 08, 2013 | ¥0.0150 | 0.316% |
| 5 | Apr 18, 2011 | Apr 18, 2011 | Apr 18, 2011 | ¥0.0200 | 0.293% |
FAQ
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