Shanghai RAAS Blood Products Co., Ltd. Stock Forecast
Shanghai RAAS Blood Products Co., Ltd. stock price up 0.683% on Friday
(Updated on May 17, 2024)
The Shanghai RAAS Blood Products Co., Ltd. stock price gained 0.683% on the last trading day (Friday, 17th May 2024), rising from ¥7.32 to ¥7.37. During the last trading day the stock fluctuated 2.87% from a day low at ¥7.31 to a day high of ¥7.52. The price has risen in 6 of the last 10 days and is up by 2.65% 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, 3 million more shares were traded than the day before. In total, 29 million shares were bought and sold for approximately ¥217.03 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Shanghai RAAS Blood Products Co., Ltd. stock with a 90% probability to be traded between ¥6.82 and ¥7.74 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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002252.SZ Signals & Forecast
The Shanghai RAAS Blood Products 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 ¥7.42. On a fall, the stock will find some support from the long-term average at approximately ¥7.12. 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. 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 Thursday, May 09, 2024, and so far it has fallen -1.99%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Thursday, May 09, 2024 and based on theory for this formation the price should fall by -15.29% to ¥6.24 within 36 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Shanghai RAAS Blood Products Co., Ltd. stock
Shanghai RAAS Blood Products Co., Ltd. finds support from accumulated volume at ¥7.33 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 ¥0.210 between high and low, or 2.87%. For the last week, the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: ¥7.05 (-4.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (002252.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Shanghai RAAS Blood Products Co., Ltd. to open at ¥7.40, and during the day (based on 14 day Average True Range), to move between ¥7.16 and ¥7.58, which gives a possible trading interval of +/-¥0.207 (+/-2.81%) up or down from last closing price. If Shanghai RAAS Blood Products Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥7.40 (0.41%) than the support at ¥7.33 (0.54%), 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.
Earnings coming up
Shanghai RAAS Blood Products Co., Ltd. will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for Shanghai RAAS Blood Products Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.46% in the first trading day after earnings release.
Is Shanghai RAAS Blood Products Co., Ltd. stock A Buy?
Shanghai RAAS Blood Products Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.266 Hold/Accumulate Unchanged
Predicted Opening Price for Shanghai RAAS Blood Products Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥7.40 ( 0.407%) | ¥7.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002252.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.61 | 3.26 % | |
| R2 | 7.53 | 2.17 % | ||
| R1 | 7.48 | 1.50 % | ||
| Current price: | 7.37 | |||
| Support | S1 | 7.32 | -0.681 % | |
| S2 | 7.27 | -1.35 % | ||
| S3 | 7.19 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.55 | 2.44 % | |
| R2 | 7.45 | 1.09 % | ||
| R1 | 7.40 | 0.407 % | ||
| Current price | 7.37 | |||
| Support | S1 | 7.33 | -0.543% | |
| S2 | 7.26 | -1.49% | ||
| S3 | 7.06 | -4.21% |
002252 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | ¥0.0300 | 0.429% |
| 2 | Jul 07, 2022 | Jul 07, 2022 | Jul 07, 2022 | ¥0.0280 | 0.471% |
| 3 | Jul 02, 2021 | Jul 02, 2021 | Jul 02, 2021 | ¥0.0250 | 0.335% |
| 4 | Jul 15, 2020 | Jul 15, 2020 | Jul 15, 2020 | ¥0.0100 | 0.0993% |
| 5 | Jun 28, 2018 | Jun 28, 2018 | Jun 28, 2018 | ¥0.0170 | 0.0870% |
FAQ
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