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AI Analysis of 002826.SZ
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Tibet Aim Pharm Inc stock price up 2.57% on Thursday
(Updated on Mar 28, 2024)

Sell candidate since Mar 25, 2024 Gain 0.36% PDF

The Tibet Aim Pharm Inc stock price gained 2.57% on the last trading day (Thursday, 28th Mar 2024), rising from ¥8.18 to ¥8.39. During the last trading day the stock fluctuated 4.56% from a day low at ¥8.11 to a day high of ¥8.48. The price has been going up and down for this period, and there has been a 1.57% gain for the last 2 weeks. Volume fell on the last day by -40 thousand shares and in total, 5 million shares were bought and sold for approximately ¥44.04 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥8.55 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -33.29% during the next 3 months and, with a 90% probability hold a price between ¥2.58 and ¥5.70 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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002826.SZ Signals & Forecast

The Tibet Aim Pharm Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥8.54. On a fall, the stock will find some support from the long-term average at approximately ¥7.92. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -6.57%. 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).

Support, Risk & Stop-loss for Tibet Aim Pharm Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at ¥7.65 and ¥6.85. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tibet Aim Pharm Inc finds support just below today's level at ¥7.65. If this is broken, then the next support from accumulated volume will be at ¥6.85 and ¥6.80.

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 ¥0.370 between high and low, or 4.56%. For the last week, the stock has had daily average volatility of 3.99%.

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

Trading Expectations (002826.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Tibet Aim Pharm Inc to open at ¥8.33, and during the day (based on 14 day Average True Range), to move between ¥8.03 and ¥8.75, which gives a possible trading interval of +/-¥0.364 (+/-4.34%) up or down from last closing price. If Tibet Aim Pharm Inc takes out the full calculated possible swing range there will be an estimated 8.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥8.49 (1.19%) than the support at ¥7.65 (8.82%), 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 Tibet Aim Pharm Inc stock A Buy?

Tibet Aim Pharm Inc 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: -2.085 Sell Candidate Unchanged

Predicted Opening Price for Tibet Aim Pharm Inc of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥8.33 ( 0.755%) ¥8.39

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

Trading levels for 002826.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.70 3.66 %
R2 8.56 1.97 %
R1 8.47 0.93 %
Current price: 8.39
Support S1 8.19 -2.44 %
S2 8.10 -3.48 %
S3 7.96 -5.16 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.76 4.41 %
R2 8.68 3.46 %
R1 8.49 1.19 %
Current price 8.39
Support S1 7.65 -8.82%
S2 6.85 -18.36%
S3 6.80 -18.95%

002826 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 07, 2023 Jul 07, 2023 Jul 07, 2023 ¥0.100 0.94%
2 Jul 08, 2022 Jul 08, 2022 Jul 08, 2022 ¥0.100 0.92%
3 Jul 14, 2021 Jul 14, 2021 Jul 14, 2021 ¥0.0800 0.89%
4 Jul 14, 2020 Jul 14, 2020 Jul 14, 2020 ¥0.0400 0.322%
5 Jun 10, 2019 Jun 10, 2019 Jun 10, 2019 ¥0.0300 0.303%

FAQ

What is the symbol for Tibet Aim Pharm Inc Stock and on which exchange is it traded?
The symbol for Tibet Aim Pharm Inc is 002826.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Tibet Aim Pharm Inc Stock?
Tibet Aim Pharm Inc 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.

How to buy Tibet Aim Pharm Inc Stock?
Tibet Aim Pharm Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tibet Aim Pharm Inc Stock.

What's the current price of Tibet Aim Pharm Inc Stock?
As of the end of day on the 2024-03-28, the price of an Tibet Aim Pharm Inc (002826.SZ) share was ¥8.39.

What is the 52-week high and low for Tibet Aim Pharm Inc Stock?
The 52-week high for Tibet Aim Pharm Inc Stock is ¥13.28 and the 52-week low is ¥5.57.

What is the market capitalization of Tibet Aim Pharm Inc Stock?
As of the 2024-03-28, the market capitalization of Tibet Aim Pharm Inc is 1.6B.
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About Tibet Aim Pharm Inc

Tibet AIM Pharm. Inc. engages in the research and development of medical products in China. The company's products include Miglitol tablets for diabetes; Gualoupi injection for coronary disease; Oxytocin injection for gynecology and obstetrics; NalMefene injection for various acute poisoning, such as alcohol, organic phosphor, CO, sedative-hypnotic, opioid substance, serious infection, shock, fainting, and brain; Carbetocin injections; and Hongji... 002826.SZ Profile

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