14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 2196.HK
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Stronger technical forecast for Shanghai Fosun Pharmaceutical (Group) stock price after Thursday trading.
(Updated on Jun 20, 2024)

Buy candidate since Jun 20, 2024 PDF

The Shanghai Fosun Pharmaceutical (Group) stock price gained 1.21% on the last trading day (Thursday, 20th Jun 2024), rising from HK$13.24 to HK$13.40. During the last trading day the stock fluctuated 3.44% from a day low at HK$13.36 to a day high of HK$13.82. The price has been going up and down for this period, and there has been a -2.19% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately HK$69.06 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.24% during the next 3 months and, with a 90% probability hold a price between HK$13.41 and HK$15.56 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.

2196.HK Signals & Forecast

The Shanghai Fosun Pharmaceutical (Group) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$13.35 and HK$13.18. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -4.83%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Shanghai Fosun Pharmaceutical (Group) stock

Shanghai Fosun Pharmaceutical (Group) finds support from accumulated volume at HK$13.08 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$0.460 between high and low, or 3.44%. For the last week, the stock has had daily average volatility of 2.66%.

Our recommended stop-loss: HK$12.61 (-5.86%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 44 days ago.)

Trading Expectations (2196.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Shanghai Fosun Pharmaceutical (Group) Co., Ltd. to open at HK$13.53, and during the day (based on 14 day Average True Range), to move between HK$12.91 and HK$13.89, which gives a possible trading interval of +/-HK$0.486 (+/-3.63%) up or down from last closing price. If Shanghai Fosun Pharmaceutical (Group) Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.25% 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$13.50 (0.75%) than the support at HK$13.08 (2.39%), 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 Shanghai Fosun Pharmaceutical (Group) Co., Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shanghai Fosun Pharmaceutical (Group) stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.686 Buy Candidate Upgraded

Predicted Opening Price for Shanghai Fosun Pharmaceutical (Group) Co., Ltd. of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
HK$13.53 ( 0.95%) HK$13.40

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

Trading levels for 2196.HK

Fibonacci Support & Resistance Levels

Level Price
R3 13.99 4.38%
R2 13.81 3.07%
R1 13.70 2.26%
Price 13.40
S1 13.35 -0.366%
S2 13.24 -1.18%
S3 13.07 -2.49%

Accumulated Volume Support & Resistance Levels

Level Price
R3 13.94 4.03%
R2 13.66 1.94%
R1 13.50 0.746%
Price 13.40
S1 13.08 -2.39%
S2 12.72 -5.07%
S3 12.24 -8.66%

2196 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 31, 2023 Jul 31, 2023 Jul 31, 2023 HK$0.460 2.24%
2 Jun 08, 2022 Jun 08, 2022 Jun 08, 2022 HK$0.660 2.05%
3 Jul 07, 2021 Jul 07, 2021 Jul 07, 2021 HK$0.520 0.90%
4 Jul 21, 2020 Jul 21, 2020 Jul 21, 2020 HK$0.430 1.20%
5 Jul 24, 2019 Jul 24, 2019 Jul 24, 2019 HK$0.360 1.48%

FAQ

What is the symbol for Shanghai Fosun Pharmaceutical (Group) Co., Ltd. Stock and on which exchange is it traded?
The symbol for Shanghai Fosun Pharmaceutical (Group) Co., Ltd. is 2196.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Shanghai Fosun Pharmaceutical (Group) Co., Ltd. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shanghai Fosun Pharmaceutical (Group) stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Shanghai Fosun Pharmaceutical (Group) Co., Ltd. Stock?
Shanghai Fosun Pharmaceutical (Group) 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 Fosun Pharmaceutical (Group) Co., Ltd. Stock.

What's the current price of Shanghai Fosun Pharmaceutical (Group) Co., Ltd. Stock?
As of the end of day on the Jun 20, 2024, the price of an Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (2196.HK) share was HK$13.40.

What is the 52-week high and low for Shanghai Fosun Pharmaceutical (Group) Co., Ltd. Stock?
The 52-week high for Shanghai Fosun Pharmaceutical (Group) Co., Ltd. Stock is HK$21.60 and the 52-week low is HK$11.32.

What is the market capitalization of Shanghai Fosun Pharmaceutical (Group) Co., Ltd. Stock?
As of the Jun 20, 2024, the market capitalization of Shanghai Fosun Pharmaceutical (Group) Co., Ltd. is 60.243B.

When is the next earnings date for Shanghai Fosun Pharmaceutical (Group) Co., Ltd.?
The upcoming earnings date for Shanghai Fosun Pharmaceutical (Group) Co., Ltd. is Aug 27, 2024.
Click to get the best stock tips daily for free!

About Shanghai Fosun Pharmaceutical (Group) Co., Ltd.

Shanghai Fosun Pharmaceutical (Group) Co. Ltd. Shanghai Fosun Pharmaceutical (Group) Co., Ltd. develops, manufactures, and sells pharmaceutical products in Mainland China and internationally. It operates in five segments: Pharmaceutical Manufacturing, Medical Devices and Medical Diagnosis, Healthcare Service, Pharmaceutical Distribution and Retail, Other Business segments. The company offers pharmaceutical products in the areas of tumor, immune modulation, metabolism, alimentary and central n... 2196.HK Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT