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AI Analysis of 1877.HK
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Shanghai Junshi Biosciences Co., Ltd. stock price ended at HK$11.02 on Monday, after losing 1.08%.
(Updated on Mar 18, 2024)

Sell candidate since Mar 14, 2024 Loss -6.93% PDF

The Shanghai Junshi Biosciences Co., Ltd. stock price fell by -1.08% on the last day (Monday, 18th Mar 2024) from HK$11.14 to HK$11.02. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 7.28% from a day low at HK$10.72 to a day high of HK$11.50. The price has been going up and down for this period, and there has been a -11.41% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -626 thousand shares and in total, 2 million shares were bought and sold for approximately HK$19.78 million.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is HK$10.45, a level that may pose a second chance to hit a runner. According to fan-theory HK$13.84 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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1877.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Shanghai Junshi Biosciences Co., Ltd. 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$11.57 and HK$12.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 22, 2024, and so far it has fallen -12.68%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Shanghai Junshi Biosciences Co., Ltd. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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$0.780 between high and low, or 7.28%. For the last week, the stock has had daily average volatility of 7.40%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (1877.HK) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect Shanghai Junshi Biosciences Co., Ltd. to open at HK$11.08, and during the day (based on 14 day Average True Range), to move between HK$10.28 and HK$11.76, which gives a possible trading interval of +/-HK$0.742 (+/-6.74%) up or down from last closing price. If Shanghai Junshi Biosciences Co., Ltd. takes out the full calculated possible swing range there will be an estimated 13.47% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$11.42, some HK$0.400 (3.63%) from the current price of HK$11.02, our system finds the risk reward not very attractive.

Is Shanghai Junshi Biosciences Co., Ltd. stock A Buy?

Shanghai Junshi Biosciences Co., Ltd. holds several negative signals and is within a very 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: -3.640 Sell Candidate Unchanged

Predicted Opening Price for Shanghai Junshi Biosciences Co., Ltd. of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
HK$11.08 ( 0.544%) HK$11.02

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

Trading levels for 1877.HK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.86 7.62 %
R2 11.56 4.92 %
R1 11.38 3.25 %
Current price: 11.02
Support S1 10.78 -2.16 %
S2 10.60 -3.83 %
S3 10.30 -6.53 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 12.24 11.07 %
R2 11.84 7.44 %
R1 11.42 3.63 %
Current price 11.02
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Shanghai Junshi Biosciences Co., Ltd. Stock and on which exchange is it traded?
The symbol for Shanghai Junshi Biosciences Co., Ltd. is 1877.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Shanghai Junshi Biosciences Co., Ltd. Stock?
Shanghai Junshi Biosciences Co., Ltd. holds several negative signals and is within a very 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.

How to buy Shanghai Junshi Biosciences Co., Ltd. Stock?
Shanghai Junshi Biosciences Co., Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Shanghai Junshi Biosciences Co., Ltd. Stock.

What's the current price of Shanghai Junshi Biosciences Co., Ltd. Stock?
As of the end of day on the 2024-03-18, the price of an Shanghai Junshi Biosciences Co., Ltd. (1877.HK) share was HK$11.02.

What is the 52-week high and low for Shanghai Junshi Biosciences Co., Ltd. Stock?
The 52-week high for Shanghai Junshi Biosciences Co., Ltd. Stock is HK$33.70 and the 52-week low is HK$10.72.

What is the market capitalization of Shanghai Junshi Biosciences Co., Ltd. Stock?
As of the 2024-03-18, the market capitalization of Shanghai Junshi Biosciences Co., Ltd. is 26.97B.
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About Shanghai Junshi Biosciences Co., Ltd.

Shanghai Junshi Biosciences Co. Ltd. Shanghai Junshi Biosciences Co., Ltd., a biopharmaceutical company, engages in the discovery, development, and commercialization of various drugs in the therapeutic areas of oncology, metabolic, autoimmune, neurologic, and infectious diseases in the People's Republic of China. The company offers JS001, a recombinant humanized anti-PD-1 monoclonal antibody under the trade name of TUOYI for the indication of melanoma, mucosal melanoma, soft tissue ... 1877.HK Profile

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