Guangzhou Baiyunshan Pharmaceutical Stock Forecast
Green day on Friday for Guangzhou Baiyunshan Pharmaceutical
(Updated on Apr 19, 2024)
The Guangzhou Baiyunshan Pharmaceutical stock price gained 0.743% on the last trading day (Friday, 19th Apr 2024), rising from HK$20.20 to HK$20.35. It has now gained 5 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 2.49% from a day low at HK$20.05 to a day high of HK$20.55. The price has risen in 9 of the last 10 days and is up by 10.12% 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, 600 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately HK$29.76 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Guangzhou Baiyunshan Pharmaceutical stock with a 90% probability to be traded between HK$18.36 and HK$21.54 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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0874.HK Signals & Forecast
Mostly positive signals in the chart today. The Guangzhou Baiyunshan Pharmaceutical stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$19.82 and HK$20.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 10.12%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Guangzhou Baiyunshan Pharmaceutical stock
Guangzhou Baiyunshan Pharmaceutical finds support from accumulated volume at HK$20.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.500 (2.49%) between high and low. For the last week, the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: HK$19.61 (-3.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (0874.HK) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited to open at HK$20.32, and during the day (based on 14 day Average True Range), to move between HK$19.88 and HK$20.82, which gives a possible trading interval of +/-HK$0.472 (+/-2.32%) up or down from last closing price. If Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited takes out the full calculated possible swing range there will be an estimated 4.64% 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$20.50 (0.74%) than the support at HK$20.10 (1.23%), 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 Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Guangzhou Baiyunshan Pharmaceutical stock to perform well in the short-term period.
Current score: 3.453 Buy Candidate Unchanged
Predicted Opening Price for Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| HK$20.32 ( 0.164%) | HK$20.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0874.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.82 | 2.29 % | |
| R2 | 20.63 | 1.35 % | ||
| R1 | 20.51 | 0.775 % | ||
| Current price: | 20.35 | |||
| Support | S1 | 20.13 | -1.10 % | |
| S2 | 20.01 | -1.68 % | ||
| S3 | 19.82 | -2.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.70 | 6.63 % | |
| R2 | 21.20 | 4.18 % | ||
| R1 | 20.50 | 0.737 % | ||
| Current price | 20.35 | |||
| Support | S1 | 20.10 | -1.23% | |
| S2 | 19.96 | -1.92% | ||
| S3 | 19.24 | -5.45% |
0874 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | HK$0.81 | 3.36% |
| 2 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | HK$0.81 | 3.67% |
| 3 | Jun 21, 2021 | Jun 21, 2021 | Jun 21, 2021 | HK$0.655 | 3.06% |
| 4 | Jul 15, 2020 | Jul 15, 2020 | Jul 15, 2020 | HK$0.645 | 2.71% |
| 5 | Jul 15, 2019 | Jul 15, 2019 | Jul 15, 2019 | HK$0.483 | 1.35% |
FAQ
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