Sihuan Pharmaceutical Holdings Group Stock Forecast

Sihuan Pharmaceutical Holdings Group stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on May 20, 2024)

0460.HK Signals & Forecast

The Sihuan Pharmaceutical Holdings Group 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 HK$0.623. On a fall, the stock will find some support from the long-term average at approximately HK$0.562. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, May 13, 2024, and so far it has fallen -3.13%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Sihuan Pharmaceutical Holdings Group stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.580 and HK$0.570. 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, Sihuan Pharmaceutical Holdings Group finds support just below today's level at HK$0.580. If this is broken, then the next support from accumulated volume will be at HK$0.570 and HK$0.560.

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 HK$0.0200 between high and low, or 3.33%. For the last week, the stock has had daily average volatility of 4.60%.

Our recommended stop-loss: HK$0.599 (-3.33%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (0460.HK) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Sihuan Pharmaceutical Holdings Group Ltd. to open at HK$0.613, and during the day (based on 14 day Average True Range), to move between HK$0.592 and HK$0.648, which gives a possible trading interval of +/-HK$0.0284 (+/-4.58%) up or down from last closing price. If Sihuan Pharmaceutical Holdings Group Ltd. takes out the full calculated possible swing range there will be an estimated 9.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$0.630 (1.61%) than the support at HK$0.580 (6.45%), 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 Sihuan Pharmaceutical Holdings Group Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sihuan Pharmaceutical Holdings Group stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.699 Buy Candidate Upgraded

Predicted Opening Price for Sihuan Pharmaceutical Holdings Group Ltd. of Tuesday, May 21, 2024

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