Zhuhai Rundu Pharmaceutical Co Ltd Stock Forecast
Zhuhai Rundu Pharmaceutical Co Ltd stock price ended at ¥10.83 on Thursday, after losing 1.37%.
(Updated on May 23, 2024)
The Zhuhai Rundu Pharmaceutical Co Ltd stock price fell by -1.37% on the last day (Thursday, 23rd May 2024) from ¥10.98 to ¥10.83. During the last trading day the stock fluctuated 2.41% from a day low at ¥10.81 to a day high of ¥11.07. The price has fallen in 7 of the last 10 days and is down by -5.91% for this period. Volume has increased on the last day by 182 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately ¥23.75 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 2.92% during the next 3 months and, with a 90% probability hold a price between ¥9.65 and ¥13.12 at the end of this 3-month period.
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002923.SZ Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -6.07%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Zhuhai Rundu Pharmaceutical Co Ltd 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 ¥10.95. On a fall, the stock will find some support from the long-term average at approximately ¥10.63. 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.
Support, Risk & Stop-loss for Zhuhai Rundu Pharmaceutical Co Ltd stock
Zhuhai Rundu Pharmaceutical Co Ltd finds support from accumulated volume at ¥10.39 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 ¥0.260 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: ¥10.29 (-5.02%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 51 days ago.)
Trading Expectations (002923.SZ) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Zhuhai Rundu Pharmaceutical Co Ltd to open at ¥10.90, and during the day (based on 14 day Average True Range), to move between ¥10.29 and ¥11.37, which gives a possible trading interval of +/-¥0.538 (+/-4.97%) up or down from last closing price. If Zhuhai Rundu Pharmaceutical Co Ltd takes out the full calculated possible swing range there will be an estimated 9.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥10.39 (4.06%) than the resistance at ¥11.38 (5.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zhuhai Rundu Pharmaceutical Co Ltd stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 3.268 Buy Candidate Unchanged
Predicted Opening Price for Zhuhai Rundu Pharmaceutical Co Ltd of Friday, May 24, 2024
Fair opening price May 24, 2024 | Current price |
---|---|
¥10.90 ( 0.677%) | ¥10.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002923.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.16 | 3.08 % | |
R2 | 11.06 | 2.16 % | ||
R1 | 11.00 | 1.59 % | ||
Current price: | 10.83 | |||
Support | S1 | 10.80 | -0.240 % | |
S2 | 10.74 | -0.81 % | ||
S3 | 10.64 | -1.72 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.95 | 10.34 % | |
R2 | 11.63 | 7.39 % | ||
R1 | 11.38 | 5.08 % | ||
Current price | 10.83 | |||
Support | S1 | 10.39 | -4.06% | |
S2 | 10.35 | -4.43% | ||
S3 | 10.27 | -5.17% |
002923 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 31, 2023 | May 31, 2023 | May 31, 2023 | ¥0.350 | 2.56% |
2 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.400 | 3.09% |
3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.308 | 2.85% |
4 | Jun 09, 2020 | Jun 09, 2020 | Jun 09, 2020 | ¥0.308 | 3.14% |
5 | Jun 12, 2019 | Jun 12, 2019 | Jun 12, 2019 | ¥0.308 | 3.05% |
FAQ
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