Shijiazhuang Yiling Pharmaceutical Stock Forecast
Red day on Friday for Shijiazhuang Yiling Pharmaceutical
(Updated on May 17, 2024)
The Shijiazhuang Yiling Pharmaceutical stock price fell by -0.410% on the last day (Friday, 17th May 2024) from ¥19.49 to ¥19.41. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.71% from a day low at ¥19.25 to a day high of ¥19.58. The price has been going up and down for this period, and there has been a 3.08% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 million shares and in total, 13 million shares were bought and sold for approximately ¥250.38 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.73% during the next 3 months and, with a 90% probability hold a price between ¥16.22 and ¥17.66 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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002603.SZ Signals & Forecast
There are mixed signals in the stock today. The Shijiazhuang Yiling Pharmaceutical 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 ¥19.61 and ¥19.70. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 3.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Shijiazhuang Yiling Pharmaceutical stock
Shijiazhuang Yiling Pharmaceutical finds support from accumulated volume at ¥19.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.330 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002603.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Shijiazhuang Yiling Pharmaceutical to open at ¥19.41, and during the day (based on 14 day Average True Range), to move between ¥18.87 and ¥19.95, which gives a possible trading interval of +/-¥0.541 (+/-2.79%) up or down from last closing price. If Shijiazhuang Yiling Pharmaceutical takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥19.38 (0.15%) than the resistance at ¥19.68 (1.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Shijiazhuang Yiling Pharmaceutical will release earnings BMO on Wednesday, May 22, 2024. We will update the financials statements for Shijiazhuang Yiling Pharmaceutical, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.21% in the first trading day after earnings release.
Is Shijiazhuang Yiling Pharmaceutical stock A Buy?
Shijiazhuang Yiling Pharmaceutical 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.
Current score: -2.444 Sell Candidate Unchanged
Predicted Opening Price for Shijiazhuang Yiling Pharmaceutical of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥19.41 ( 0.0172%) | ¥19.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002603.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.74 | 1.72 % | |
| R2 | 19.62 | 1.07 % | ||
| R1 | 19.54 | 0.667 % | ||
| Current price: | 19.41 | |||
| Support | S1 | 19.29 | -0.632 % | |
| S2 | 19.21 | -1.03 % | ||
| S3 | 19.08 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.31 | 9.79 % | |
| R2 | 21.20 | 9.22 % | ||
| R1 | 19.68 | 1.39 % | ||
| Current price | 19.41 | |||
| Support | S1 | 19.38 | -0.155% | |
| S2 | 19.05 | -1.85% | ||
| S3 | 18.83 | -2.99% |
002603 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 17, 2023 | Jul 17, 2023 | Jul 17, 2023 | ¥0.500 | 2.02% |
| 2 | Jul 19, 2022 | Jul 19, 2022 | Jul 19, 2022 | ¥0.300 | 1.19% |
| 3 | Jul 07, 2021 | Jul 07, 2021 | Jul 07, 2021 | ¥0.714 | 3.66% |
| 4 | Jun 02, 2020 | Jun 02, 2020 | Jun 02, 2020 | ¥0.143 | 0.732% |
| 5 | Jul 01, 2019 | Jul 01, 2019 | Jul 01, 2019 | ¥0.0714 | 0.84% |
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