Impulse Qingdao Health Tech Co Ltd Stock Forecast
Impulse Qingdao Health Tech Co Ltd stock upgraded to Strong Buy Candidate.
(Updated on Apr 26, 2024)
The Impulse Qingdao Health Tech Co Ltd stock price gained 1.18% on the last trading day (Friday, 26th Apr 2024), rising from ¥16.09 to ¥16.28. 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 6.58% from a day low at ¥15.35 to a day high of ¥16.36. The price has risen in 6 of the last 10 days and is up by 4.83% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 408 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ¥59.06 million.
The stock lies in the middle of a very wide and strong 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 36.55% during the next 3 months and, with a 90% probability hold a price between ¥18.52 and ¥27.13 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002899.SZ Signals & Forecast
The Impulse Qingdao Health Tech Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥15.77 and ¥14.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 07, 2024, and so far it has risen 83.13%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Impulse Qingdao Health Tech Co Ltd stock
Impulse Qingdao Health Tech Co Ltd finds support from accumulated volume at ¥15.69 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 ¥1.01 between high and low, or 6.58%. For the last week, the stock has had daily average volatility of 5.48%.
Our recommended stop-loss: ¥15.64 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (002899.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Impulse Qingdao Health Tech Co Ltd to open at ¥16.00, and during the day (based on 14 day Average True Range), to move between ¥15.36 and ¥17.20, which gives a possible trading interval of +/-¥0.92 (+/-5.67%) up or down from last closing price. If Impulse Qingdao Health Tech Co Ltd takes out the full calculated possible swing range there will be an estimated 11.33% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥15.69, some ¥0.590 (3.62%) from the current price of ¥16.28, our system finds the risk reward attractive.
Is Impulse Qingdao Health Tech Co Ltd stock A Buy?
Impulse Qingdao Health Tech Co Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.597 Strong Buy Candidate Upgraded
Predicted Opening Price for Impulse Qingdao Health Tech Co Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥16.00 ( 1.74%) | ¥16.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002899.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.01 | 4.46 % | |
| R2 | 16.62 | 2.09 % | ||
| R1 | 16.38 | 0.630 % | ||
| Current price: | 16.28 | |||
| Support | S1 | 15.61 | -4.11 % | |
| S2 | 15.37 | -5.57 % | ||
| S3 | 14.99 | -7.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 16.28 | |||
| Support | S1 | 15.69 | -3.62% | |
| S2 | 15.46 | -5.04% | ||
| S3 | 12.37 | -24.02% |
002899 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | ¥0.0630 | 0.443% |
| 2 | Jul 13, 2022 | Jul 13, 2022 | Jul 13, 2022 | ¥0.0220 | 0.181% |
| 3 | Jun 15, 2021 | Jun 15, 2021 | Jun 15, 2021 | ¥0.0390 | 0.300% |
| 4 | May 30, 2019 | May 30, 2019 | May 30, 2019 | ¥0.0940 | 0.694% |
| 5 | Jun 08, 2018 | Jun 08, 2018 | Jun 08, 2018 | ¥0.0720 | 0.273% |
FAQ
Click here for our free guide on how to buy Impulse Qingdao Health Tech Co Ltd Stock.
