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AI Analysis of 300253.SZ
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Evaluation of Winning Health Technology Group Co Ltd stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 15, 2024 Loss -1.49% PDF

The Winning Health Technology Group Co Ltd stock price gained 2.83% on the last trading day (Thursday, 28th Mar 2024), rising from ¥7.06 to ¥7.26. During the last trading day the stock fluctuated 6.68% from a day low at ¥7.04 to a day high of ¥7.51. The price has risen in 5 of the last 10 days and is up by 1.4% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 31 million shares were bought and sold for approximately ¥228.01 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 19.07% during the next 3 months and, with a 90% probability hold a price between ¥7.43 and ¥9.55 at the end of this 3-month period.

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300253.SZ Signals & Forecast

The Winning Health Technology Group Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥7.52. On a fall, the stock will find some support from the long-term average at approximately ¥6.99. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, March 20, 2024, and so far it has fallen -7.98%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Winning Health Technology Group Co Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at ¥6.61 and ¥6.49. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Winning Health Technology Group Co Ltd finds support just below today's level at ¥6.61. If this is broken, then the next support from accumulated volume will be at ¥6.49 and ¥6.02.

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 ¥0.470 between high and low, or 6.68%. For the last week, the stock has had daily average volatility of 5.18%.

Our recommended stop-loss: ¥6.88 (-5.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (300253.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Winning Health Technology Group Co Ltd to open at ¥7.27, and during the day (based on 14 day Average True Range), to move between ¥6.94 and ¥7.58, which gives a possible trading interval of +/-¥0.318 (+/-4.38%) up or down from last closing price. If Winning Health Technology Group Co Ltd takes out the full calculated possible swing range there will be an estimated 8.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥7.61 (4.82%) than the support at ¥6.61 (8.95%), 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 Winning Health Technology Group Co Ltd stock A Buy?

Winning Health Technology Group Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.599 Hold/Accumulate Downgraded

Predicted Opening Price for Winning Health Technology Group Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥7.27 ( 0.138%) ¥7.26

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

Trading levels for 300253.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.74 6.61 %
R2 7.56 4.14 %
R1 7.45 2.61 %
Current price: 7.26
Support S1 7.09 -2.34 %
S2 6.98 -3.86 %
S3 6.80 -6.34 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.89 8.68 %
R2 7.80 7.44 %
R1 7.61 4.82 %
Current price 7.26
Support S1 6.61 -8.95%
S2 6.49 -10.61%
S3 6.02 -17.08%

300253 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 15, 2023 Jun 15, 2023 Jun 15, 2023 ¥0.0100 0.0958%
2 Jul 15, 2022 Jul 15, 2022 Jul 15, 2022 ¥0.0200 0.252%
3 Jun 30, 2021 Jun 30, 2021 Jun 30, 2021 ¥0.0250 0.154%
4 Jun 22, 2020 Jun 22, 2020 Jun 22, 2020 ¥0.0250 0.138%
5 Jul 11, 2019 Jul 11, 2019 Jul 11, 2019 ¥0.0154 0.142%

FAQ

What is the symbol for Winning Health Technology Group Co Ltd Stock and on which exchange is it traded?
The symbol for Winning Health Technology Group Co Ltd is 300253.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Winning Health Technology Group Co Ltd Stock?
Winning Health Technology Group Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Winning Health Technology Group Co Ltd Stock?
Winning Health Technology 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 Winning Health Technology Group Co Ltd Stock.

What's the current price of Winning Health Technology Group Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Winning Health Technology Group Co Ltd (300253.SZ) share was ¥7.26.

What is the 52-week high and low for Winning Health Technology Group Co Ltd Stock?
The 52-week high for Winning Health Technology Group Co Ltd Stock is ¥15.47 and the 52-week low is ¥5.12.

What is the market capitalization of Winning Health Technology Group Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Winning Health Technology Group Co Ltd is 15.522B.
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About Winning Health Technology Group Co Ltd

Winning Health Technology Group Co Ltd Winning Health Technology Group Co., Ltd. provides IT solutions for hospitals and medical service organizations in China. The company offers IT solution designing, planning and consulting, development, system building, maintenance, and operation services. Its solutions are used in building smart hospitals, regional healthcare regulation platforms, community healthcare regulation platforms, public health-care regulation platforms, medical insuranc... 300253.SZ Profile

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