Jinxin Fertility Group Ltd Stock Forecast
Red day on Tuesday for Jinxin Fertility Group Ltd
(Updated on Jul 02, 2024)
The Jinxin Fertility Group Ltd stock price fell by -0.360% on the last day (Tuesday, 2nd Jul 2024) from HK$2.78 to HK$2.77. During the last trading day the stock fluctuated 5.09% from a day low at HK$2.75 to a day high of HK$2.89. The price has fallen in 6 of the last 10 days and is down by -8.28% for this period. 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 -97 thousand shares and in total, 8 million shares were bought and sold for approximately HK$21.73 million.
Given the current short-term trend, the stock is expected to rise 24.42% during the next 3 months and, with a 90% probability hold a price between HK$3.45 and HK$4.85 at the end of this 3-month period.
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1951.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Jinxin Fertility Group 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$2.84 and HK$3.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -21.97%. 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 Jinxin Fertility Group Ltd stock
Jinxin Fertility Group Ltd finds support from accumulated volume at HK$2.71 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$0.140 between high and low, or 5.09%. For the last week, the stock has had daily average volatility of 4.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1951.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Jinxin Fertility Group Ltd to open at HK$2.80, and during the day (based on 14 day Average True Range), to move between HK$2.63 and HK$2.91, which gives a possible trading interval of +/-HK$0.141 (+/-5.11%) up or down from last closing price. If Jinxin Fertility Group Ltd takes out the full calculated possible swing range there will be an estimated 10.21% 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$2.71 (2.17%) than the resistance at HK$3.07 (10.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jinxin Fertility Group Ltd stock A Buy?
The Jinxin Fertility Group Ltd stock holds several negative signals and despite the positive trend, we believe Jinxin Fertility Group Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.322 Sell Candidate Unchanged
Predicted Opening Price for Jinxin Fertility Group Ltd of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
HK$2.80 ( 1.20%) | HK$2.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1951.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.94 | 6.26% |
R2 | 2.89 | 4.33% |
R1 | 2.86 | 3.13% |
Price | 2.77 | |
S1 | 2.75 | -0.727% |
S2 | 2.72 | -1.92% |
S3 | 2.66 | -3.85% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.45 | 24.55% |
R2 | 3.23 | 16.61% |
R1 | 3.07 | 10.83% |
Price | 2.77 | |
S1 | 2.71 | -2.17% |
S2 | 2.60 | -6.14% |
S3 | 2.55 | -7.94% |
1951 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 27, 2024 | Jun 27, 2024 | Jul 25, 2024 | HK$0.0595 | 2.15% |
2 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | HK$0.0738 | 1.02% |
3 | Mar 30, 2020 | Jul 02, 2020 | Jul 29, 2020 | HK$0.0680 | 0.627% |
FAQ
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