Guilin Sanjin Pharmaceutical Co., Ltd. Stock Forecast

Red day on Wednesday for Guilin Sanjin Pharmaceutical Co., Ltd. stock after losing 0.202%
(Updated on May 08, 2024)

002275.SZ Signals & Forecast

The Guilin Sanjin Pharmaceutical Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥14.55 and ¥14.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 7.31%. 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. 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. The stock had a Golden Star Signal on Wednesday, April 10, 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 Guilin Sanjin Pharmaceutical Co., Ltd. stock

Guilin Sanjin Pharmaceutical Co., Ltd. finds support from accumulated volume at ¥14.18 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 ¥0.720 between high and low, or 5.06%. For the last week, the stock has had daily average volatility of 4.60%.

Our recommended stop-loss: ¥14.24 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (002275.SZ) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Guilin Sanjin Pharmaceutical Co., Ltd. to open at ¥14.67, and during the day (based on 14 day Average True Range), to move between ¥14.25 and ¥15.39, which gives a possible trading interval of +/-¥0.566 (+/-3.82%) up or down from last closing price. If Guilin Sanjin Pharmaceutical Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥14.87 (0.34%) than the support at ¥14.18 (4.32%), 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 Sanjin 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 Guilin Sanjin Pharmaceutical Co., Ltd. stock to perform well in the short-term.

Current score: 4.372 Buy Candidate Unchanged

Predicted Opening Price for Guilin Sanjin Pharmaceutical Co., Ltd. of Thursday, May 9, 2024

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