Teyi Pharmaceutical Group Co Ltd Stock Forecast
Green day on Monday for Teyi Pharmaceutical Group Co Ltd
(Updated on May 06, 2024)
The Teyi Pharmaceutical Group Co Ltd stock price gained 4.16% on the last trading day (Monday, 6th May 2024), rising from ¥9.61 to ¥10.01. 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 5.22% from a day low at ¥9.57 to a day high of ¥10.07. The price has been going up and down for this period, and there has been a -38.02% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 26 million shares were bought and sold for approximately ¥258.71 million.
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 ¥9.26 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.86% during the next 3 months and, with a 90% probability hold a price between ¥8.06 and ¥13.27 at the end of this 3-month period.
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002728.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 6.72%. 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. The Teyi Pharmaceutical 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 ¥10.25 and ¥14.64. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Teyi Pharmaceutical Group Co Ltd stock
Teyi Pharmaceutical Group Co Ltd finds support from accumulated volume at ¥9.54 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.500 between high and low, or 5.22%. For the last week, the stock has had daily average volatility of 29.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002728.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Teyi Pharmaceutical Group Co Ltd to open at ¥9.88, and during the day (based on 14 day Average True Range), to move between ¥8.23 and ¥11.79, which gives a possible trading interval of +/-¥1.78 (+/-17.75%) up or down from last closing price. If Teyi Pharmaceutical Group Co Ltd takes out the full calculated possible swing range there will be an estimated 35.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥9.54, some ¥0.470 (4.70%) from the current price of ¥10.01, our system finds the risk reward attractive.
Is Teyi Pharmaceutical Group Co Ltd stock A Buy?
Teyi Pharmaceutical 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.
Current score: -3.231 Sell Candidate Unchanged
Predicted Opening Price for Teyi Pharmaceutical Group Co Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥9.88 ( 1.27%) | ¥10.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002728.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.38 | 3.73 % | |
| R2 | 10.19 | 1.82 % | ||
| R1 | 10.07 | 0.643 % | ||
| Current price: | 10.01 | |||
| Support | S1 | 9.69 | -3.17 % | |
| S2 | 9.57 | -4.35 % | ||
| S3 | 9.38 | -6.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 10.01 | |||
| Support | S1 | 9.54 | -4.70% | |
| S2 | 9.47 | -5.39% | ||
| S3 | 9.38 | -6.29% |
002728 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | Apr 24, 2024 | ¥0.500 | 5.28% |
| 2 | May 26, 2023 | May 26, 2023 | May 26, 2023 | ¥0.650 | 5.02% |
| 3 | May 10, 2022 | May 10, 2022 | May 10, 2022 | ¥0.650 | 10.02% |
| 4 | Jun 03, 2021 | Jun 03, 2021 | Jun 03, 2021 | ¥0.650 | 8.16% |
| 5 | Apr 28, 2020 | Apr 28, 2020 | Apr 28, 2020 | ¥0.750 | 10.43% |
FAQ
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