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AI Analysis of 002702.SZ
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Red day on Friday for HaiXin Foods Co Ltd stock after losing 0%
(Updated on Jun 14, 2024)

Sell candidate since Jun 03, 2024 Loss -5.64% PDF

No changes to the price of HaiXin Foods Co Ltd stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 5.38% from a day low at ¥3.53 to a day high of ¥3.72. The price has fallen in 6 of the last 10 days and is down by -8.23% for this period.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥3.40 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.29% during the next 3 months and, with a 90% probability hold a price between ¥2.94 and ¥4.19 at the end of this 3-month period.

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002702.SZ Signals & Forecast

There are mixed signals in the stock today. The HaiXin Foods Co Ltd 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 ¥4.08. On a fall, the stock will find some support from the short-term average at ¥3.67. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 5.44%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for HaiXin Foods Co Ltd stock

HaiXin Foods Co Ltd finds support from accumulated volume at ¥3.66 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 ¥0.190 between high and low, or 5.38%. For the last week, the stock has had daily average volatility of 7.65%.

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

Trading Expectations (002702.SZ) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect HaiXin Foods Co Ltd to open at ¥3.64, and during the day (based on 14 day Average True Range), to move between ¥3.45 and ¥3.91, which gives a possible trading interval of +/-¥0.233 (+/-6.34%) up or down from last closing price. If HaiXin Foods Co Ltd takes out the full calculated possible swing range there will be an estimated 12.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥3.66 (0.54%) than the resistance at ¥4.35 (18.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is HaiXin Foods Co Ltd stock A Buy?

HaiXin Foods Co Ltd 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: -4.334 Sell Candidate Unchanged

Predicted Opening Price for HaiXin Foods Co Ltd of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
¥3.64 ( 1.00%) ¥3.68

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

Trading levels for 002702.SZ

Fibonacci Support & Resistance Levels

Level Price
R3 3.83 4.17%
R2 3.76 2.19%
R1 3.72 0.98%
Price 3.68
S1 3.57 -2.97%
S2 3.53 -4.19%
S3 3.45 -6.16%

Accumulated Volume Support & Resistance Levels

Level Price
R3 4.45 20.92%
R2 4.38 19.02%
R1 4.35 18.21%
Price 3.68
S1 3.66 -0.543%
S2 3.65 -0.82%
S3 3.49 -5.16%

002702 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 06, 2024 Jun 06, 2024 Jun 06, 2024 ¥0.0400 1.15%
2 Jun 09, 2023 Jun 09, 2023 Jun 09, 2023 ¥0.100 1.88%
3 May 31, 2021 May 31, 2021 May 31, 2021 ¥0.0500 0.776%
4 Jun 01, 2020 Jun 01, 2020 Jun 01, 2020 ¥0.0500 0.760%
5 May 08, 2019 May 08, 2019 May 08, 2019 ¥0.0500 0.81%

FAQ

What is the symbol for HaiXin Foods Co Ltd Stock and on which exchange is it traded?
The symbol for HaiXin Foods Co Ltd is 002702.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell HaiXin Foods Co Ltd Stock?
HaiXin Foods Co Ltd 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.

How to buy HaiXin Foods Co Ltd Stock?
HaiXin Foods 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 HaiXin Foods Co Ltd Stock.

What's the current price of HaiXin Foods Co Ltd Stock?
As of the end of day on the Jun 14, 2024, the price of an HaiXin Foods Co Ltd (002702.SZ) share was ¥3.68.

What is the 52-week high and low for HaiXin Foods Co Ltd Stock?
The 52-week high for HaiXin Foods Co Ltd Stock is ¥7.60 and the 52-week low is ¥3.18.

What is the market capitalization of HaiXin Foods Co Ltd Stock?
As of the Jun 14, 2024, the market capitalization of HaiXin Foods Co Ltd is 2.083B.

When is the next earnings date for HaiXin Foods Co Ltd?
The upcoming earnings date for HaiXin Foods Co Ltd is May 16, 2025.
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