GZ Bailing Group Pharm. Co., Ltd. Stock Forecast
GZ Bailing Group Pharm. Co., Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 06, 2024)
The GZ Bailing Group Pharm. Co., Ltd. stock price fell by -4.95% on the last day (Monday, 6th May 2024) from ¥6.46 to ¥6.14. During the last trading day the stock fluctuated 5.70% from a day low at ¥6.14 to a day high of ¥6.49. The price has fallen in 6 of the last 10 days and is down by -9.31% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately ¥10.88 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥5.98 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.50% during the next 3 months and, with a 90% probability hold a price between ¥4.94 and ¥5.58 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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002424.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The GZ Bailing Group Pharm. 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 ¥6.39 and ¥7.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -23.92%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for GZ Bailing Group Pharm. Co., Ltd. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.350 between high and low, or 5.70%. For the last week, the stock has had daily average volatility of 3.42%.
GZ Bailing Group Pharm. Co., Ltd. is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: ¥5.79 (-5.68%) (This stock has high daily movements and this gives high risk. Low RSI14 is 16 which reduces the risk some. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (002424.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect GZ Bailing Group Pharm. Co., Ltd. to open at ¥6.26, and during the day (based on 14 day Average True Range), to move between ¥5.86 and ¥6.42, which gives a possible trading interval of +/-¥0.284 (+/-4.62%) up or down from last closing price. If GZ Bailing Group Pharm. Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.24% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ¥6.36, some ¥0.220 (3.58%) from the current price of ¥6.14, our system finds the risk reward not very attractive.
Is GZ Bailing Group Pharm. Co., Ltd. stock A Buy?
GZ Bailing Group Pharm. Co., Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for GZ Bailing Group Pharm. Co., Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥6.26 ( 1.90%) | ¥6.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002424.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.61 | 7.60 % | |
| R2 | 6.47 | 5.42 % | ||
| R1 | 6.39 | 4.08 % | ||
| Current price: | 6.14 | |||
| Support | S1 | 6.12 | -0.277 % | |
| S2 | 6.04 | -1.62 % | ||
| S3 | 5.91 | -3.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.77 | 10.26 % | |
| R2 | 6.46 | 5.21 % | ||
| R1 | 6.36 | 3.58 % | ||
| Current price | 6.14 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
002424 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2020 | May 29, 2020 | May 29, 2020 | ¥0.220 | 2.67% |
| 2 | Jun 13, 2019 | Jun 13, 2019 | Jun 13, 2019 | ¥0.0800 | 0.774% |
| 3 | Jun 14, 2018 | Jun 14, 2018 | Jun 14, 2018 | ¥0.0800 | 0.641% |
| 4 | Apr 19, 2017 | Apr 19, 2017 | Apr 19, 2017 | ¥0.0800 | 0.503% |
| 5 | May 10, 2016 | May 10, 2016 | May 10, 2016 | ¥0.0800 | 0.517% |
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