Hebei Jianxin Chemical Co., Ltd. Stock Forecast
Big movements in Hebei Jianxin Chemical Co., Ltd. stock price on Friday moving 22.92% between high and low
(Updated on Jun 21, 2024)
The Hebei Jianxin Chemical Co., Ltd. stock price fell by -3.03% on the last day (Friday, 21st Jun 2024) from ¥10.88 to ¥10.55. During the last trading day the stock fluctuated 22.92% from a day low at ¥9.03 to a day high of ¥11.10. The price has risen in 6 of the last 10 days and is up by 13.69% over the past 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 -22 million shares and in total, 65 million shares were bought and sold for approximately ¥683.73 million.
The stock lies in the middle of a very wide and strong 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 22.46% during the next 3 months and, with a 90% probability hold a price between ¥10.02 and ¥19.39 at the end of this 3-month period.
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300107.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hebei Jianxin Chemical Co., Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥11.02. On a fall, the stock will find some support from the short-term average at ¥9.73. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -26.38%. Further fall is indicated until a new bottom pivot has been found. 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 Hebei Jianxin Chemical Co., Ltd. stock
Hebei Jianxin Chemical Co., Ltd. finds support from accumulated volume at ¥10.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥2.07 between high and low, or 22.92%. For the last week, the stock has had daily average volatility of 15.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300107.SZ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Hebei Jianxin Chemical Co., Ltd. to open at ¥10.23, and during the day (based on 14 day Average True Range), to move between ¥9.23 and ¥11.87, which gives a possible trading interval of +/-¥1.32 (+/-12.48%) up or down from last closing price. If Hebei Jianxin Chemical Co., Ltd. takes out the full calculated possible swing range there will be an estimated 24.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥10.81 (2.46%) than the support at ¥10.04 (4.83%), 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 Hebei Jianxin Chemical Co., Ltd. stock A Buy?
Hebei Jianxin Chemical Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.061 Sell Candidate Unchanged
Predicted Opening Price for Hebei Jianxin Chemical Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ¥10.23 ( 3.06%) | ¥10.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300107.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.30 | 16.56% |
| R2 | 11.51 | 9.06% |
| R1 | 11.02 | 4.43% |
| Price | 10.55 | |
| S1 | 9.44 | -10.56% |
| S2 | 8.95 | -15.19% |
| S3 | 8.16 | -22.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.00 | 23.22% |
| R2 | 11.26 | 6.73% |
| R1 | 10.81 | 2.46% |
| Price | 10.55 | |
| S1 | 10.04 | -4.83% |
| S2 | 9.45 | -10.43% |
| S3 | 9.01 | -14.60% |
300107 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 07, 2024 | ¥0.0159 | 0.177% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | ¥0.0600 | 1.21% |
| 3 | Jun 07, 2022 | Jun 07, 2022 | Jun 07, 2022 | ¥0.100 | 1.86% |
| 4 | Jun 04, 2021 | Jun 04, 2021 | Jun 04, 2021 | ¥0.100 | 1.87% |
| 5 | May 15, 2020 | May 15, 2020 | May 15, 2020 | ¥0.600 | 10.45% |
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