Jiajia Food Group Co.,Ltd. Stock Forecast
Big movements in Jiajia Food Group Co.,Ltd. stock price on Tuesday moving 14.75% between high and low
(Updated on Jun 25, 2024)
The Jiajia Food Group Co.,Ltd. stock price gained 0.521% on the last trading day (Tuesday, 25th Jun 2024), rising from ¥1.92 to ¥1.93. During the last trading day the stock fluctuated 14.75% from a day low at ¥1.83 to a day high of ¥2.10. The price has risen in 7 of the last 10 days and is up by 14.2% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 9 million shares were bought and sold for approximately ¥17.45 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 ¥2.04 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 -44.92% during the next 3 months and, with a 90% probability hold a price between ¥0.742 and ¥1.12 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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002650.SZ Signals & Forecast
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. The Jiajia Food Group 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 ¥1.97 and ¥2.01. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -9.39%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Jiajia Food Group Co.,Ltd. stock
Jiajia Food Group Co.,Ltd. finds support from accumulated volume at ¥1.86 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 ¥0.270 between high and low, or 14.75%. For the last week, the stock has had daily average volatility of 14.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002650.SZ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Jiajia Food Group Co.,Ltd. to open at ¥1.95, and during the day (based on 14 day Average True Range), to move between ¥1.74 and ¥2.12, which gives a possible trading interval of +/-¥0.194 (+/-10.04%) up or down from last closing price. If Jiajia Food Group Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 20.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥1.86 (3.63%) than the resistance at ¥2.12 (9.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jiajia Food Group Co.,Ltd. stock A Buy?
Jiajia Food Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.142 Strong Sell Candidate Downgraded
Predicted Opening Price for Jiajia Food Group Co.,Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ¥1.95 ( 1.21%) | ¥1.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002650.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.22 | 15.20% |
| R2 | 2.12 | 9.85% |
| R1 | 2.06 | 6.55% |
| Price | 1.93 | |
| S1 | 1.85 | -4.14% |
| S2 | 1.79 | -7.44% |
| S3 | 1.68 | -12.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.24 | 16.06% |
| R2 | 2.13 | 10.36% |
| R1 | 2.12 | 9.84% |
| Price | 1.93 | |
| S1 | 1.86 | -3.63% |
| S2 | 1.69 | -12.44% |
| S3 | 1.61 | -16.58% |
002650 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 11, 2022 | Nov 11, 2022 | Nov 11, 2022 | ¥0.0880 | 2.13% |
| 2 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | ¥0.0100 | 0.132% |
| 3 | Jul 09, 2020 | Jul 09, 2020 | Jul 09, 2020 | ¥0.0350 | 0.568% |
| 4 | Jul 10, 2017 | Jul 10, 2017 | Jul 10, 2017 | ¥0.0400 | 0.700% |
| 5 | Jul 13, 2016 | Jul 13, 2016 | Jul 13, 2016 | ¥0.0400 | 0.558% |
FAQ
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