Jinfa Labi Maternity & Baby Artcls CoLtd Stock Forecast
Jinfa Labi Maternity & Baby Artcls CoLtd stock price ended at ¥6.26 on Friday, after gaining 1.13%.
(Updated on Apr 26, 2024)
The Jinfa Labi Maternity & Baby Artcls CoLtd stock price gained 1.13% on the last trading day (Friday, 26th Apr 2024), rising from ¥6.19 to ¥6.26. It has now gained 4 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 3.64% from a day low at ¥6.05 to a day high of ¥6.27. The price has been going up and down for this period, and there has been a -13.3% 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, 622 thousand more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately ¥35.63 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Jinfa Labi Maternity & Baby Artcls CoLtd stock with a 90% probability to be traded between ¥5.42 and ¥8.24 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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002762.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 7.75%. 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 Jinfa Labi Maternity & Baby Artcls CoLtd 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 ¥7.09. On a fall, the stock will find some support from the short-term average at ¥6.07. 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).
Support, Risk & Stop-loss for Jinfa Labi Maternity & Baby Artcls CoLtd stock
Jinfa Labi Maternity & Baby Artcls CoLtd finds support from accumulated volume at ¥6.14 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 ¥0.220 between high and low, or 3.64%. For the last week, the stock has had daily average volatility of 4.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002762.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Jinfa Labi Maternity & Baby Artcls CoLtd to open at ¥6.19, and during the day (based on 14 day Average True Range), to move between ¥5.70 and ¥6.82, which gives a possible trading interval of +/-¥0.561 (+/-8.95%) up or down from last closing price. If Jinfa Labi Maternity & Baby Artcls CoLtd takes out the full calculated possible swing range there will be an estimated 17.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.14 (1.92%) than the resistance at ¥7.29 (16.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jinfa Labi Maternity & Baby Artcls CoLtd stock A Buy?
Jinfa Labi Maternity & Baby Artcls CoLtd 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: -2.130 Sell Candidate Unchanged
Predicted Opening Price for Jinfa Labi Maternity & Baby Artcls CoLtd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥6.19 ( 1.06%) | ¥6.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002762.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.41 | 2.45 % | |
| R2 | 6.33 | 1.11 % | ||
| R1 | 6.28 | 0.278 % | ||
| Current price: | 6.26 | |||
| Support | S1 | 6.11 | -2.41 % | |
| S2 | 6.06 | -3.24 % | ||
| S3 | 5.97 | -4.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.80 | 24.60 % | |
| R2 | 7.55 | 20.61 % | ||
| R1 | 7.29 | 16.45 % | ||
| Current price | 6.26 | |||
| Support | S1 | 6.14 | -1.92% | |
| S2 | 5.68 | -9.27% | ||
| S3 | 5.27 | -15.81% |
002762 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2023 | May 31, 2023 | May 31, 2023 | ¥0.0500 | 0.549% |
| 2 | May 25, 2022 | May 25, 2022 | May 25, 2022 | ¥0.0500 | 0.627% |
| 3 | Jun 04, 2021 | Jun 04, 2021 | Jun 04, 2021 | ¥0.0600 | 0.323% |
| 4 | May 29, 2020 | May 29, 2020 | May 29, 2020 | ¥0.110 | 1.99% |
| 5 | Jun 18, 2019 | Jun 18, 2019 | Jun 18, 2019 | ¥0.0900 | 1.62% |
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