Yantai North Andre Juice Company Limited Stock Forecast

Yantai North Andre Juice Company Limited stock price down 0% on Friday
(Updated on May 17, 2024)

2218.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Yantai North Andre Juice Company 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$8.24 and HK$8.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -10.63%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for Yantai North Andre Juice Company Limited stock

Yantai North Andre Juice Company Limited finds support from accumulated volume at HK$7.76 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.150 between high and low, or 1.89%. For the last week the stock has had daily average volatility of 3.34%.

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

Trading Expectations (2218.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Yantai North Andre Juice Company Limited to open at HK$8.04, and during the day (based on 14 day Average True Range), to move between HK$7.68 and HK$8.46, which gives a possible trading interval of +/-HK$0.392 (+/-4.86%) up or down from last closing price. If Yantai North Andre Juice Company Limited takes out the full calculated possible swing range there will be an estimated 9.72% 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$8.24 (2.11%) than the support at HK$7.76 (3.84%), 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 Yantai North Andre Juice Company Limited stock A Buy?

The Yantai North Andre Juice Company Limited stock holds several negative signals and despite the positive trend, we believe Yantai North Andre Juice Company Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.253 Sell Candidate Unchanged

Predicted Opening Price for Yantai North Andre Juice Company Limited of Monday, May 20, 2024

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