RSI low/high Values: [ 25 - 75 ]
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AI Analysis of 002286.SZ
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Stronger technical forecast for Baolingbao Biology Co., Ltd. stock price after Thursday trading.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Baolingbao Biology Co., Ltd. stock price fell by -0.325% on the last day (Thursday, 28th Mar 2024) from ¥6.15 to ¥6.13. During the last trading day the stock fluctuated 3.34% from a day low at ¥5.99 to a day high of ¥6.19. The price has risen in 6 of the last 10 days and is up by 3.03% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 10 million shares were bought and sold for approximately ¥58.28 million.

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 ¥6.25 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 -28.91% during the next 3 months and, with a 90% probability hold a price between ¥2.45 and ¥4.45 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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002286.SZ Signals & Forecast

The Baolingbao Biology 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 ¥6.21. On a fall, the stock will find some support from the long-term average at approximately ¥5.84. 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. A buy signal was issued from a pivot bottom point on Wednesday, February 07, 2024, and so far it has risen 26.92%. 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.

Support, Risk & Stop-loss for Baolingbao Biology Co., Ltd. stock

Baolingbao Biology Co., Ltd. finds support from accumulated volume at ¥5.96 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 ¥0.200 between high and low, or 3.34%. For the last week, the stock has had daily average volatility of 5.53%.

Our recommended stop-loss: ¥5.90 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)

Trading Expectations (002286.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Baolingbao Biology Co., Ltd. to open at ¥6.10, and during the day (based on 14 day Average True Range), to move between ¥5.88 and ¥6.38, which gives a possible trading interval of +/-¥0.245 (+/-4.00%) up or down from last closing price. If Baolingbao Biology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥6.15 (0.33%) than the support at ¥5.96 (2.77%), 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 Baolingbao Biology Co., Ltd. stock A Buy?

Baolingbao Biology 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.362 Hold/Accumulate Upgraded

Predicted Opening Price for Baolingbao Biology Co., Ltd. of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥6.10 ( 0.435%) ¥6.13

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

Trading levels for 002286.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.30 2.83 %
R2 6.23 1.58 %
R1 6.18 0.81 %
Current price: 6.13
Support S1 6.03 -1.68 %
S2 5.98 -2.45 %
S3 5.90 -3.70 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 6.34 3.43 %
R2 6.21 1.31 %
R1 6.15 0.326 %
Current price 6.13
Support S1 5.96 -2.77%
S2 5.77 -5.87%
S3 4.83 -21.21%

002286 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 08, 2024 Mar 08, 2024 Mar 08, 2024 ¥0.0800 1.39%
2 Jun 20, 2023 Jun 20, 2023 Jun 20, 2023 ¥0.0800 0.98%
3 Jun 27, 2022 Jun 27, 2022 Jun 27, 2022 ¥0.0600 0.551%
4 Jun 03, 2021 Jun 03, 2021 Jun 03, 2021 ¥0.0600 0.532%
5 Jun 30, 2020 Jun 30, 2020 Jun 30, 2020 ¥0.0300 0.356%

FAQ

What is the symbol for Baolingbao Biology Co., Ltd. Stock and on which exchange is it traded?
The symbol for Baolingbao Biology Co., Ltd. is 002286.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Baolingbao Biology Co., Ltd. Stock?
Baolingbao Biology 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Baolingbao Biology Co., Ltd. Stock?
Baolingbao Biology 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 Baolingbao Biology Co., Ltd. Stock.

What's the current price of Baolingbao Biology Co., Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an Baolingbao Biology Co., Ltd. (002286.SZ) share was ¥6.13.

What is the 52-week high and low for Baolingbao Biology Co., Ltd. Stock?
The 52-week high for Baolingbao Biology Co., Ltd. Stock is ¥10.18 and the 52-week low is ¥4.63.

What is the market capitalization of Baolingbao Biology Co., Ltd. Stock?
As of the 2024-03-28, the market capitalization of Baolingbao Biology Co., Ltd. is 2.267B.
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About Baolingbao Biology Co., Ltd.

Baolingbao Biology Co.,Ltd. manufactures corn-based health and food ingredients in China and internationally. The company offers isomalto-oligosaccharide, galacto-oligosaccharides, fructose-oligosaccharides, and erythritol products; high fructose corn syrups, crystalline fructose products, sugar alcohols, and resistant dextrin-soluble corn fiber and polydextrose products; starch sugars, such as trehalose, maltodextrin, and glucose syrup products;... 002286.SZ Profile

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