RSI low/high Values: [ 25 - 75 ]
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AI Analysis of 002390.SZ
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Green day on Thursday for Guizhou Xinbang Pharmaceutical Co.,Ltd. stock after gaining 1.33%
(Updated on Mar 28, 2024)

Sell candidate since Mar 20, 2024 Loss -4.76% PDF

The Guizhou Xinbang Pharmaceutical Co.,Ltd. stock price gained 1.33% on the last trading day (Thursday, 28th Mar 2024), rising from ¥3.75 to ¥3.80. During the last trading day the stock fluctuated 2.68% from a day low at ¥3.73 to a day high of ¥3.83. The price has fallen in 5 of the last 10 days and is down by -3.8% for this period. Volume fell on the last day by -910 thousand shares and in total, 14 million shares were bought and sold for approximately ¥53.80 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 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 ¥3.95 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 -11.17% during the next 3 months and, with a 90% probability hold a price between ¥2.77 and ¥3.51 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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002390.SZ Signals & Forecast

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. The Guizhou Xinbang Pharmaceutical Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥3.85 and ¥3.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -5.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Guizhou Xinbang Pharmaceutical Co.,Ltd. stock

Guizhou Xinbang Pharmaceutical Co.,Ltd. finds support from accumulated volume at ¥3.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.100 (2.68%) between high and low. For the last week, the stock has had daily average volatility of 2.54%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (002390.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Guizhou Xinbang Pharmaceutical Co.,Ltd. to open at ¥3.79, and during the day (based on 14 day Average True Range), to move between ¥3.70 and ¥3.90, which gives a possible trading interval of +/-¥0.100 (+/-2.63%) up or down from last closing price. If Guizhou Xinbang Pharmaceutical Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥3.88 (2.11%) than the support at ¥3.69 (2.89%), 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 Guizhou Xinbang Pharmaceutical Co.,Ltd. stock A Buy?

Guizhou Xinbang Pharmaceutical Co.,Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.586 Sell Candidate Unchanged

Predicted Opening Price for Guizhou Xinbang Pharmaceutical Co.,Ltd. of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥3.79 ( 0.351%) ¥3.80

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

Trading levels for 002390.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.89 2.28 %
R2 3.85 1.28 %
R1 3.82 0.654 %
Current price: 3.80
Support S1 3.75 -1.36 %
S2 3.72 -1.98 %
S3 3.69 -2.98 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.98 4.74 %
R2 3.94 3.68 %
R1 3.88 2.11 %
Current price 3.80
Support S1 3.69 -2.89%
S2 3.48 -8.42%
S3 3.41 -10.26%

002390 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 30, 2023 May 30, 2023 May 30, 2023 ¥0.0600 1.28%
2 May 24, 2022 May 24, 2022 May 24, 2022 ¥0.0600 1.30%
3 Jun 22, 2018 Jun 22, 2018 Jun 22, 2018 ¥0.0300 0.419%
4 Jun 23, 2017 Jun 23, 2017 Jun 23, 2017 ¥0.0300 0.343%
5 Jun 06, 2016 Jun 06, 2016 Jun 06, 2016 ¥0.0300 0.331%

FAQ

What is the symbol for Guizhou Xinbang Pharmaceutical Co.,Ltd. Stock and on which exchange is it traded?
The symbol for Guizhou Xinbang Pharmaceutical Co.,Ltd. is 002390.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Guizhou Xinbang Pharmaceutical Co.,Ltd. Stock?
Guizhou Xinbang Pharmaceutical Co.,Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Guizhou Xinbang Pharmaceutical Co.,Ltd. Stock?
Guizhou Xinbang Pharmaceutical 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 Guizhou Xinbang Pharmaceutical Co.,Ltd. Stock.

What's the current price of Guizhou Xinbang Pharmaceutical Co.,Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an Guizhou Xinbang Pharmaceutical Co.,Ltd. (002390.SZ) share was ¥3.80.

What is the 52-week high and low for Guizhou Xinbang Pharmaceutical Co.,Ltd. Stock?
The 52-week high for Guizhou Xinbang Pharmaceutical Co.,Ltd. Stock is ¥5.25 and the 52-week low is ¥3.18.

What is the market capitalization of Guizhou Xinbang Pharmaceutical Co.,Ltd. Stock?
As of the 2024-03-28, the market capitalization of Guizhou Xinbang Pharmaceutical Co.,Ltd. is 7.164B.
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