Yunnan Hongxiang Yixintang Pharma Co Ltd Stock Forecast
Volatile ride for Yunnan Hongxiang Yixintang Pharma Co Ltd stock price on Friday moving between ¥16.37 and ¥18.32
(Updated on Jun 14, 2024)
The Yunnan Hongxiang Yixintang Pharma Co Ltd stock price fell by -0.713% on the last day (Friday, 14th Jun 2024) from ¥16.82 to ¥16.70. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 11.91% from a day low at ¥16.37 to a day high of ¥18.32. The price has fallen in 8 of the last 10 days and is down by -19.94% for this period. 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 -3 million shares and in total, 13 million shares were bought and sold for approximately ¥216.79 million.
Given the current short-term trend, the stock is expected to rise 3.12% during the next 3 months and, with a 90% probability hold a price between ¥17.22 and ¥23.99 at the end of this 3-month period.
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002727.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Yunnan Hongxiang Yixintang Pharma 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 ¥17.69 and ¥20.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -27.61%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Yunnan Hongxiang Yixintang Pharma Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ¥1.95 between high and low, or 11.91%. For the last week, the stock has had daily average volatility of 10.17%.
Yunnan Hongxiang Yixintang Pharma Co Ltd is oversold on RSI14 (3). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002727.SZ) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Yunnan Hongxiang Yixintang Pharma Co Ltd to open at ¥17.13, and during the day (based on 14 day Average True Range), to move between ¥15.31 and ¥18.09, which gives a possible trading interval of +/-¥1.39 (+/-8.31%) up or down from last closing price. If Yunnan Hongxiang Yixintang Pharma Co Ltd takes out the full calculated possible swing range there will be an estimated 16.61% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ¥18.98, some ¥2.28 (13.65%) from the current price of ¥16.70, our system finds the risk reward not very attractive.
Is Yunnan Hongxiang Yixintang Pharma Co Ltd stock A Buy?
The Yunnan Hongxiang Yixintang Pharma Co Ltd stock holds several negative signals and despite the positive trend, we believe Yunnan Hongxiang Yixintang Pharma Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.520 Sell Candidate Unchanged
Predicted Opening Price for Yunnan Hongxiang Yixintang Pharma Co Ltd of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ¥17.13 ( 2.57%) | ¥16.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002727.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.08 | 14.25% |
| R2 | 18.34 | 9.79% |
| R1 | 17.87 | 7.04% |
| Price | 16.70 | |
| S1 | 16.39 | -1.89% |
| S2 | 15.92 | -4.64% |
| S3 | 15.18 | -9.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.86 | 24.91% |
| R2 | 19.08 | 14.25% |
| R1 | 18.98 | 13.65% |
| Price | 16.70 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
002727 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | ¥0.400 | 1.92% |
| 2 | May 26, 2023 | May 26, 2023 | May 26, 2023 | ¥0.400 | 1.47% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | ¥0.300 | 1.48% |
| 4 | Apr 21, 2021 | Apr 21, 2021 | Apr 21, 2021 | ¥0.300 | 0.683% |
| 5 | Apr 30, 2020 | Apr 30, 2020 | Apr 30, 2020 | ¥0.300 | 1.17% |
FAQ
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