Jiangxi Huangshanghuang Group Food Co Stock Forecast
Green day on Tuesday for Jiangxi Huangshanghuang Group Food Co
(Updated on Apr 30, 2024)
The Jiangxi Huangshanghuang Group Food Co stock price gained 0.366% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥8.19 to ¥8.22. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.36% from a day low at ¥7.83 to a day high of ¥8.25. The price has risen in 8 of the last 10 days and is up by 14.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 872 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately ¥38.21 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ¥8.46 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Jiangxi Huangshanghuang Group Food Co stock with a 90% probability to be traded between ¥7.04 and ¥8.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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002695.SZ Signals & Forecast
The Jiangxi Huangshanghuang Group Food Co stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥7.93 and ¥8.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 14.17%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Jiangxi Huangshanghuang Group Food Co stock
Jiangxi Huangshanghuang Group Food Co finds support from accumulated volume at ¥8.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.420 between high and low, or 5.36%. For the last week, the stock has had daily average volatility of 3.74%.
Our recommended stop-loss: ¥7.89 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (002695.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Jiangxi Huangshanghuang Group Food Co to open at ¥8.10, and during the day (based on 14 day Average True Range), to move between ¥7.83 and ¥8.61, which gives a possible trading interval of +/-¥0.389 (+/-4.74%) up or down from last closing price. If Jiangxi Huangshanghuang Group Food Co takes out the full calculated possible swing range there will be an estimated 9.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥8.24 (0.24%) than the support at ¥8.20 (0.24%), 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 Jiangxi Huangshanghuang Group Food Co stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Jiangxi Huangshanghuang Group Food Co stock to perform well in the short-term period.
Current score: 1.723 Buy Candidate Unchanged
Predicted Opening Price for Jiangxi Huangshanghuang Group Food Co of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥8.10 ( 1.46%) | ¥8.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002695.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.52 | 3.65 % | |
| R2 | 8.36 | 1.70 % | ||
| R1 | 8.26 | 0.492 % | ||
| Current price: | 8.22 | |||
| Support | S1 | 7.94 | -3.41 % | |
| S2 | 7.84 | -4.62 % | ||
| S3 | 7.68 | -6.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.52 | 3.65 % | |
| R2 | 8.36 | 1.70 % | ||
| R1 | 8.24 | 0.243 % | ||
| Current price | 8.22 | |||
| Support | S1 | 8.20 | -0.243% | |
| S2 | 8.10 | -1.46% | ||
| S3 | 7.65 | -6.93% |
002695 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2023 | May 15, 2023 | May 15, 2023 | ¥0.0150 | 0.129% |
| 2 | Jun 14, 2022 | Jun 14, 2022 | Jun 14, 2022 | ¥0.0600 | 0.536% |
| 3 | May 14, 2021 | May 14, 2021 | May 14, 2021 | ¥0.130 | 0.710% |
| 4 | May 08, 2020 | May 08, 2020 | May 08, 2020 | ¥0.100 | 0.442% |
| 5 | May 14, 2019 | May 14, 2019 | May 14, 2019 | ¥0.0820 | 0.596% |
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