RSI low/high Values: [ 25 - 70 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 002548.SZ
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Shenzhen Jinxinnong Technology Co Ltd stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Shenzhen Jinxinnong Technology Co Ltd stock price gained 3.73% on the last trading day (Thursday, 28th Mar 2024), rising from ¥4.82 to ¥5.00. During the last trading day the stock fluctuated 6.72% from a day low at ¥4.76 to a day high of ¥5.08. The price has risen in 7 of the last 10 days and is up by 18.2% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 28 million shares were bought and sold for approximately ¥140.19 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 ¥5.11 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 -12.30% during the next 3 months and, with a 90% probability hold a price between ¥2.56 and ¥4.48 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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002548.SZ Signals & Forecast

The Shenzhen Jinxinnong Technology 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 ¥5.00 and ¥4.31. 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 Thursday, March 21, 2024, and so far it has fallen -3.29%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Shenzhen Jinxinnong Technology Co Ltd stock

Shenzhen Jinxinnong Technology Co Ltd finds support from accumulated volume at ¥4.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 ¥0.320 between high and low, or 6.72%. For the last week, the stock has had daily average volatility of 4.92%.

The Shenzhen Jinxinnong Technology Co Ltd stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: ¥4.80 (-4.03%) (This stock has high daily movements and this gives high risk. The RSI14 is 73 and this increases the risk substantially. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (002548.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Shenzhen Jinxinnong Technology Co Ltd to open at ¥4.95, and during the day (based on 14 day Average True Range), to move between ¥4.74 and ¥5.26, which gives a possible trading interval of +/-¥0.256 (+/-5.12%) up or down from last closing price. If Shenzhen Jinxinnong Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 10.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥5.05 (1.00%) than the support at ¥4.87 (2.60%), 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 Shenzhen Jinxinnong Technology Co Ltd stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.832 Buy Candidate Upgraded

Predicted Opening Price for Shenzhen Jinxinnong Technology Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥4.95 ( 1.07%) ¥5.00

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

Trading levels for 002548.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.27 5.33 %
R2 5.14 2.89 %
R1 5.07 1.38 %
Current price: 5.00
Support S1 4.82 -3.51 %
S2 4.75 -5.02 %
S3 4.63 -7.47 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.17 3.40 %
R2 5.09 1.80 %
R1 5.05 1.00 %
Current price 5.00
Support S1 4.87 -2.60%
S2 4.86 -2.80%
S3 4.59 -8.20%

002548 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 25, 2021 Jun 25, 2021 Jun 25, 2021 ¥0.0300 0.530%
2 Jun 15, 2020 Jun 15, 2020 Jun 15, 2020 ¥0.0200 0.283%
3 May 28, 2018 May 28, 2018 May 28, 2018 ¥0.0769 1.14%
4 Jun 09, 2017 Jun 09, 2017 Jun 09, 2017 ¥0.115 1.22%
5 Jun 01, 2016 Jun 01, 2016 Jun 01, 2016 ¥0.115 0.81%

FAQ

What is the symbol for Shenzhen Jinxinnong Technology Co Ltd Stock and on which exchange is it traded?
The symbol for Shenzhen Jinxinnong Technology Co Ltd is 002548.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Shenzhen Jinxinnong Technology Co Ltd Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Shenzhen Jinxinnong Technology Co Ltd Stock?
Shenzhen Jinxinnong Technology 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 Shenzhen Jinxinnong Technology Co Ltd Stock.

What's the current price of Shenzhen Jinxinnong Technology Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Shenzhen Jinxinnong Technology Co Ltd (002548.SZ) share was ¥5.00.

What is the 52-week high and low for Shenzhen Jinxinnong Technology Co Ltd Stock?
The 52-week high for Shenzhen Jinxinnong Technology Co Ltd Stock is ¥7.78 and the 52-week low is ¥3.21.

What is the market capitalization of Shenzhen Jinxinnong Technology Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Shenzhen Jinxinnong Technology Co Ltd is 4.025B.
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About Shenzhen Jinxinnong Technology Co Ltd

Shenzhen Kingsino Technology Co.,Ltd. engages in the production and sales of feed in China. It also offers technical services for pig breeding and sales; trades in raw material related to feed production; and produces and sells animal health products and veterinary drugs, functional feed additives, aquaculture environment water quality improvers, etc. for use in various diseases of pigs and aquatic products. In addition, the company provides bill... 002548.SZ Profile

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