Yibin Tianyuan Group Co.,Ltd. Stock Forecast
Green day on Friday for Yibin Tianyuan Group Co.,Ltd. stock after gaining 1.69%
(Updated on May 17, 2024)
The Yibin Tianyuan Group Co.,Ltd. stock price gained 1.69% on the last trading day (Friday, 17th May 2024), rising from ¥4.74 to ¥4.82. During the last trading day the stock fluctuated 4.23% from a day low at ¥4.73 to a day high of ¥4.93. The price has been going up and down for this period, and there has been a 4.56% gain for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 10 million shares were bought and sold for approximately ¥45.82 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak 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 8.35% during the next 3 months and, with a 90% probability hold a price between ¥4.63 and ¥5.58 at the end of this 3-month period.
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002386.SZ Signals & Forecast
The Yibin Tianyuan Group Co.,Ltd. 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 ¥4.78 and ¥4.63. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Tuesday, May 07, 2024, and so far it has fallen -2.43%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Tuesday, May 07, 2024 and based on theory for this formation the price should fall by -23.65% to ¥3.68 within 20 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Yibin Tianyuan Group Co.,Ltd. stock
Yibin Tianyuan Group Co.,Ltd. finds support from accumulated volume at ¥4.63 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 4.23%. For the last week, the stock has had daily average volatility of 4.63%.
Our recommended stop-loss: ¥4.64 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (002386.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Yibin Tianyuan Group Co.,Ltd. to open at ¥4.83, and during the day (based on 14 day Average True Range), to move between ¥4.56 and ¥5.08, which gives a possible trading interval of +/-¥0.257 (+/-5.33%) up or down from last closing price. If Yibin Tianyuan Group Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 10.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥4.84 (0.41%) than the support at ¥4.63 (3.94%), 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
Yibin Tianyuan Group Co.,Ltd. will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for Yibin Tianyuan Group Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.72% in the first trading day after earnings release.
Is Yibin Tianyuan Group 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 Yibin Tianyuan Group Co.,Ltd. stock to perform well in the short-term.
Current score: 4.212 Buy Candidate Unchanged
Predicted Opening Price for Yibin Tianyuan Group Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥4.83 ( 0.138%) | ¥4.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002386.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.03 | 4.29 % | |
| R2 | 4.95 | 2.70 % | ||
| R1 | 4.90 | 1.72 % | ||
| Current price: | 4.82 | |||
| Support | S1 | 4.75 | -1.45 % | |
| S2 | 4.70 | -2.43 % | ||
| S3 | 4.63 | -4.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.96 | 2.90 % | |
| R2 | 4.86 | 0.83 % | ||
| R1 | 4.84 | 0.415 % | ||
| Current price | 4.82 | |||
| Support | S1 | 4.63 | -3.94% | |
| S2 | 4.54 | -5.81% | ||
| S3 | 4.46 | -7.47% |
002386 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 14, 2023 | Jul 14, 2023 | Jul 14, 2023 | ¥0.0750 | 1.18% |
| 2 | Jul 05, 2022 | Jul 05, 2022 | Jul 05, 2022 | ¥0.275 | 3.10% |
| 3 | Jun 18, 2020 | Jun 18, 2020 | Jun 18, 2020 | ¥0.0385 | 1.00% |
| 4 | Jul 10, 2019 | Jul 10, 2019 | Jul 10, 2019 | ¥0.0769 | 1.66% |
| 5 | May 15, 2017 | May 15, 2017 | May 15, 2017 | ¥0.0231 | 0.438% |
FAQ
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