ShanXi C&Y Pharmaceutical Group Co., Stock Forecast
High volatility in ShanXi C&Y Pharmaceutical Group Co., stock price on Wednesday which ended trading at ¥7.95
(Updated on Jun 26, 2024)
The ShanXi C&Y Pharmaceutical Group Co., stock price gained 2.45% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥7.76 to ¥7.95. During the last trading day the stock fluctuated 10.51% from a day low at ¥7.61 to a day high of ¥8.41. The price has been going up and down for this period, and there has been a -4.9% 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, 69 thousand more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately ¥57.64 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥7.74 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.20% during the next 3 months and, with a 90% probability hold a price between ¥6.95 and ¥10.25 at the end of this 3-month period.
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300254.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 2.45%. Further rise is indicated until a new top pivot has been found. 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. The ShanXi C&Y Pharmaceutical Group Co., 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 ¥8.11 and ¥9.03. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ShanXi C&Y Pharmaceutical Group Co., stock
ShanXi C&Y Pharmaceutical Group Co., finds support from accumulated volume at ¥7.87 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 ¥0.800 between high and low, or 10.51%. For the last week, the stock has had daily average volatility of 7.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300254.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect ShanXi C&Y Pharmaceutical Group Co., Ltd. to open at ¥7.99, and during the day (based on 14 day Average True Range), to move between ¥7.24 and ¥8.66, which gives a possible trading interval of +/-¥0.711 (+/-8.95%) up or down from last closing price. If ShanXi C&Y Pharmaceutical Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 17.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.87 (1.01%) than the resistance at ¥9.12 (14.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ShanXi C&Y Pharmaceutical Group Co., Ltd. stock A Buy?
ShanXi C&Y Pharmaceutical Group Co., holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.748 Sell Candidate Unchanged
Predicted Opening Price for ShanXi C&Y Pharmaceutical Group Co., Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥7.99 ( 0.503%) | ¥7.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300254.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.79 | 10.57% |
| R2 | 8.48 | 6.72% |
| R1 | 8.30 | 4.35% |
| Price | 7.95 | |
| S1 | 7.68 | -3.34% |
| S2 | 7.50 | -5.72% |
| S3 | 7.19 | -9.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.88 | 24.28% |
| R2 | 9.80 | 23.27% |
| R1 | 9.12 | 14.72% |
| Price | 7.95 | |
| S1 | 7.87 | -1.01% |
| S2 | 7.77 | -2.26% |
| S3 | 7.76 | -2.39% |
300254 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 11, 2019 | Jul 11, 2019 | Jul 11, 2019 | ¥0.0200 | 0.256% |
| 2 | Jul 06, 2018 | Jul 06, 2018 | Jul 06, 2018 | ¥0.0500 | 0.567% |
| 3 | Jun 23, 2017 | Jun 23, 2017 | Jun 23, 2017 | ¥0.0500 | 0.362% |
| 4 | Jul 08, 2016 | Jul 08, 2016 | Jul 08, 2016 | ¥0.0500 | 0.237% |
| 5 | Jun 15, 2015 | Jun 15, 2015 | Jun 15, 2015 | ¥0.0694 | 0.135% |
FAQ
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