Guangdong Taiantang Pharmaceutical CoLtd Stock Forecast

Big movements in Guangdong Taiantang Pharmaceutical CoLtd stock price on Tuesday moving 12.50% between high and low
(Updated on Jun 25, 2024)

002433.SZ Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 28.57%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Guangdong Taiantang Pharmaceutical CoLtd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥0.456. On a fall, the stock will find some support from the short-term average at ¥0.240. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Guangdong Taiantang Pharmaceutical CoLtd stock

On the downside, the stock finds support just below today's level from accumulated volume at ¥0.250 and ¥0.230. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Guangdong Taiantang Pharmaceutical CoLtd finds support just below today's level at ¥0.250. If this is broken, then the next support from accumulated volume will be at ¥0.230 and ¥0.210.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.0300 between high and low, or 12.50%. For the last week, the stock has had daily average volatility of 20.23%.

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

Trading Expectations (002433.SZ) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Guangdong Taiantang Pharmaceutical CoLtd to open at ¥0.260, and during the day (based on 14 day Average True Range), to move between ¥0.231 and ¥0.309, which gives a possible trading interval of +/-¥0.0394 (+/-14.61%) up or down from last closing price. If Guangdong Taiantang Pharmaceutical CoLtd takes out the full calculated possible swing range there will be an estimated 29.22% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ¥0.250, some ¥0.0200 (7.41%) from the current price of ¥0.270, our system finds the risk reward attractive.

Is Guangdong Taiantang Pharmaceutical CoLtd stock A Buy?

Guangdong Taiantang Pharmaceutical CoLtd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.652 Sell Candidate Upgraded

Predicted Opening Price for Guangdong Taiantang Pharmaceutical CoLtd of Wednesday, June 26, 2024

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