Beijing Aosaikang Pharmaceutical Co Ltd Stock Forecast
Beijing Aosaikang Pharmaceutical Co Ltd stock price down 1.67% on Friday
(Updated on Jun 21, 2024)
The Beijing Aosaikang Pharmaceutical Co Ltd stock price fell by -1.67% on the last day (Friday, 21st Jun 2024) from ¥10.15 to ¥9.98. During the last trading day the stock fluctuated 6.05% from a day low at ¥9.59 to a day high of ¥10.17. The price has risen in 6 of the last 10 days but is still down by -2.16% 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 -1 million shares and in total, 14 million shares were bought and sold for approximately ¥136.56 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.57% during the next 3 months and, with a 90% probability hold a price between ¥9.30 and ¥12.47 at the end of this 3-month period.
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002755.SZ Signals & Forecast
There are mixed signals in the stock today. The Beijing Aosaikang Pharmaceutical 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 ¥10.07 and ¥10.56. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 2.46%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Beijing Aosaikang Pharmaceutical Co Ltd stock
Beijing Aosaikang Pharmaceutical Co Ltd finds support from accumulated volume at ¥9.68 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 ¥0.580 between high and low, or 6.05%. For the last week, the stock has had daily average volatility of 4.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002755.SZ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Beijing Aosaikang Pharmaceutical Co Ltd to open at ¥9.91, and during the day (based on 14 day Average True Range), to move between ¥9.47 and ¥10.49, which gives a possible trading interval of +/-¥0.513 (+/-5.14%) up or down from last closing price. If Beijing Aosaikang Pharmaceutical Co Ltd takes out the full calculated possible swing range there will be an estimated 10.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥10.06 (0.80%) than the support at ¥9.68 (3.01%), 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 Beijing Aosaikang Pharmaceutical Co Ltd stock A Buy?
Beijing Aosaikang Pharmaceutical 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: -1.321 Sell Candidate Unchanged
Predicted Opening Price for Beijing Aosaikang Pharmaceutical Co Ltd of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ¥9.91 ( 0.668%) | ¥9.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002755.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.49 | 5.14% |
| R2 | 10.27 | 2.92% |
| R1 | 10.13 | 1.55% |
| Price | 9.98 | |
| S1 | 9.69 | -2.89% |
| S2 | 9.55 | -4.26% |
| S3 | 9.33 | -6.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.18 | 12.02% |
| R2 | 10.15 | 1.70% |
| R1 | 10.06 | 0.80% |
| Price | 9.98 | |
| S1 | 9.68 | -3.01% |
| S2 | 9.47 | -5.11% |
| S3 | 8.35 | -16.33% |
002755 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2022 | Jun 20, 2022 | Jun 20, 2022 | ¥0.100 | 1.03% |
| 2 | Jun 18, 2021 | Jun 18, 2021 | Jun 18, 2021 | ¥0.200 | 1.53% |
| 3 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | ¥0.220 | 1.27% |
| 4 | Jun 27, 2019 | Jun 27, 2019 | Jun 27, 2019 | ¥0.120 | 1.05% |
| 5 | May 31, 2018 | May 31, 2018 | May 31, 2018 | ¥0.0350 | 0.292% |
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