Consun Pharmaceutical Group Limited Stock Forecast
Red day on Friday for Consun Pharmaceutical Group Limited
(Updated on Jun 14, 2024)
The Consun Pharmaceutical Group Limited stock price fell by -1.21% on the last day (Friday, 14th Jun 2024) from HK$5.77 to HK$5.70. During the last trading day the stock fluctuated 2.12% from a day low at HK$5.67 to a day high of HK$5.79. The price has fallen in 6 of the last 10 days and is down by -12.98% for this period. Volume has increased on the last day by 139 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 HK$11.42 million.
Given the current short-term trend, the stock is expected to rise 16.06% during the next 3 months and, with a 90% probability hold a price between HK$6.62 and HK$8.74 at the end of this 3-month period.
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1681.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Consun Pharmaceutical Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$6.08 and HK$6.37. 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 -20.39%. 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.
Support, Risk & Stop-loss for Consun Pharmaceutical Group Limited stock
Consun Pharmaceutical Group Limited finds support from accumulated volume at HK$5.64 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$0.120 between high and low, or 2.12%. For the last week, the stock has had daily average volatility of 4.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1681.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Consun Pharmaceutical Group Limited to open at HK$5.72, and during the day (based on 14 day Average True Range), to move between HK$5.45 and HK$5.95, which gives a possible trading interval of +/-HK$0.251 (+/-4.40%) up or down from last closing price. If Consun Pharmaceutical Group Limited takes out the full calculated possible swing range there will be an estimated 8.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$5.64 (1.05%) than the resistance at HK$5.90 (3.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Consun Pharmaceutical Group Limited stock A Buy?
The Consun Pharmaceutical Group Limited stock holds several negative signals and despite the positive trend, we believe Consun Pharmaceutical Group Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.249 Sell Candidate Unchanged
Predicted Opening Price for Consun Pharmaceutical Group Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$5.72 ( 0.351%) | HK$5.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1681.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.84 | 2.46% |
| R2 | 5.79 | 1.65% |
| R1 | 5.77 | 1.16% |
| Price | 5.70 | |
| S1 | 5.67 | -0.453% |
| S2 | 5.65 | -0.95% |
| S3 | 5.60 | -1.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.83 | 19.82% |
| R2 | 6.76 | 18.60% |
| R1 | 5.90 | 3.51% |
| Price | 5.70 | |
| S1 | 5.64 | -1.05% |
| S2 | 5.63 | -1.23% |
| S3 | 5.60 | -1.75% |
1681 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2024 | Jun 11, 2024 | Jun 21, 2024 | HK$0.300 | 5.25% |
| 2 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | HK$0.150 | 2.85% |
| 3 | Sep 06, 2023 | Sep 06, 2023 | Sep 06, 2023 | HK$0.150 | 2.83% |
| 4 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | HK$0.300 | 6.28% |
| 5 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | HK$0.300 | 5.95% |
FAQ
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