China Yurun Food Group Limited Stock Forecast
Green day on Friday for China Yurun Food Group Limited
(Updated on May 24, 2024)
The China Yurun Food Group Limited stock price gained 1.24% on the last trading day (Friday, 24th May 2024), rising from HK$0.161 to HK$0.163. During the last trading day the stock fluctuated 5.00% from a day low at HK$0.160 to a day high of HK$0.168. The price has risen in 5 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 234 thousand more shares were traded than the day before. In total, 374 thousand shares were bought and sold for approximately HK$60.96 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.01% during the next 3 months and, with a 90% probability hold a price between HK$0.142 and HK$0.171 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.
1068.HK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). China Yurun Food Group Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Yurun Food Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.166 and HK$0.163. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -7.91%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for China Yurun Food Group Limited stock
China Yurun Food Group Limited finds support from accumulated volume at HK$0.156 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 HK$0.0080 between high and low, or 5.00%. For the last week, the stock has had daily average volatility of 4.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1068.HK) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect China Yurun Food Group Limited to open at HK$0.164, and during the day (based on 14 day Average True Range), to move between HK$0.154 and HK$0.172, which gives a possible trading interval of +/-HK$0.0089 (+/-5.49%) up or down from last closing price. If China Yurun Food Group Limited takes out the full calculated possible swing range there will be an estimated 10.98% 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$0.165 (1.23%) than the support at HK$0.156 (4.29%), 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 China Yurun Food Group Limited stock A Buy?
China Yurun Food Group Limited holds several negative signals and is within a 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: -3.968 Sell Candidate Unchanged
Predicted Opening Price for China Yurun Food Group Limited of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| HK$0.164 ( 0.409%) | HK$0.163 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1068.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.172 | 5.32 % | |
| R2 | 0.169 | 3.44 % | ||
| R1 | 0.167 | 2.28 % | ||
| Current price: | 0.163 | |||
| Support | S1 | 0.161 | -1.47 % | |
| S2 | 0.159 | -2.62 % | ||
| S3 | 0.156 | -4.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.168 | 3.07 % | |
| R2 | 0.166 | 1.84 % | ||
| R1 | 0.165 | 1.23 % | ||
| Current price | 0.163 | |||
| Support | S1 | 0.156 | -4.29% | |
| S2 | 0.150 | -7.98% | ||
| S3 | 0.148 | -9.20% |
1068 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 17, 2011 | Aug 30, 2011 | Sep 14, 2011 | HK$0.220 | 1.70% |
| 2 | Mar 29, 2011 | May 25, 2011 | Jun 13, 2011 | HK$0.200 | 0.727% |
| 3 | Aug 24, 2010 | Sep 06, 2010 | Sep 20, 2010 | HK$0.200 | 0.692% |
| 4 | Mar 29, 2010 | May 19, 2010 | Jun 14, 2010 | HK$0.150 | 0.632% |
| 5 | Sep 09, 2009 | Oct 12, 2009 | Oct 28, 2009 | HK$0.150 | 0.95% |
FAQ
Click here for our free guide on how to buy China Yurun Food Group Limited Stock.
