Xinjiang Tnshn Anml Hsbry Bio-eng Co Ltd Stock Forecast
Xinjiang Tnshn Anml Hsbry Bio-eng Co Ltd stock downgraded to Strong Sell Candidate
(Updated on Apr 26, 2024)
The Xinjiang Tnshn Anml Hsbry Bio-eng Co Ltd stock price gained 0.454% on the last trading day (Friday, 26th Apr 2024), rising from ¥6.61 to ¥6.64. During the last trading day the stock fluctuated 4.47% from a day low at ¥6.49 to a day high of ¥6.78. The price has fallen in 6 of the last 10 days and is down by -16.9% for this period. Volume fell on the last day by -1 million shares and in total, 4 million shares were bought and sold for approximately ¥26.07 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.10% during the next 3 months and, with a 90% probability hold a price between ¥4.71 and ¥9.10 at the end of this 3-month period.
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300313.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.15%. Further rise is indicated until a new top pivot has been found. 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. The Xinjiang Tnshn Anml Hsbry Bio-eng Co Ltd 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 ¥6.79 and ¥8.41. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Xinjiang Tnshn Anml Hsbry Bio-eng Co Ltd stock
Xinjiang Tnshn Anml Hsbry Bio-eng Co Ltd finds support from accumulated volume at ¥6.61 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 ¥0.290 between high and low, or 4.47%. For the last week, the stock has had daily average volatility of 4.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300313.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Xinjiang Tnshn Anml Hsbry Bio-eng Co Ltd to open at ¥6.64, and during the day (based on 14 day Average True Range), to move between ¥5.93 and ¥7.35, which gives a possible trading interval of +/-¥0.713 (+/-10.73%) up or down from last closing price. If Xinjiang Tnshn Anml Hsbry Bio-eng Co Ltd takes out the full calculated possible swing range there will be an estimated 21.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.61 (0.45%) than the resistance at ¥6.75 (1.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xinjiang Tnshn Anml Hsbry Bio-eng Co Ltd stock A Buy?
Xinjiang Tnshn Anml Hsbry Bio-eng Co Ltd 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.208 Strong Sell Candidate Downgraded
Predicted Opening Price for Xinjiang Tnshn Anml Hsbry Bio-eng Co Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥6.64 ( 0.0502%) | ¥6.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300313.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.93 | 4.32 % | |
| R2 | 6.82 | 2.65 % | ||
| R1 | 6.75 | 1.62 % | ||
| Current price: | 6.64 | |||
| Support | S1 | 6.53 | -1.72 % | |
| S2 | 6.46 | -2.75 % | ||
| S3 | 6.35 | -4.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.21 | 23.64 % | |
| R2 | 7.83 | 17.92 % | ||
| R1 | 6.75 | 1.66 % | ||
| Current price | 6.64 | |||
| Support | S1 | 6.61 | -0.452% | |
| S2 | 6.50 | -2.11% | ||
| S3 | 6.46 | -2.71% |
300313 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2015 | May 08, 2015 | May 08, 2015 | ¥0.0250 | 0.169% |
| 2 | Jun 23, 2014 | Jun 23, 2014 | Jun 23, 2014 | ¥0.0250 | 0.286% |
| 3 | Oct 18, 2012 | Oct 18, 2012 | Oct 18, 2012 | ¥0.0500 | 0.84% |
FAQ
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