Guangdong VTR Bio-Tech Co., Ltd. Stock Forecast
Guangdong VTR Bio-Tech Co., Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jun 18, 2024)
The Guangdong VTR Bio-Tech Co., Ltd. stock price gained 2.37% on the last trading day (Tuesday, 18th Jun 2024), rising from ¥6.33 to ¥6.48. During the last trading day the stock fluctuated 2.69% from a day low at ¥6.33 to a day high of ¥6.50. The price has fallen in 5 of the last 10 days and is down by -6.09% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately ¥64.27 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥5.72 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.98% during the next 3 months and, with a 90% probability hold a price between ¥7.32 and ¥12.81 at the end of this 3-month period.
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300381.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Guangdong VTR Bio-Tech 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 ¥7.23. On a fall, the stock will find some support from the short-term average at ¥6.46. 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 Monday, May 06, 2024, and so far it has fallen -27.19%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Guangdong VTR Bio-Tech Co., Ltd. stock
Guangdong VTR Bio-Tech Co., Ltd. finds support from accumulated volume at ¥6.28 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 ¥0.170 between high and low, or 2.69%. For the last week, the stock has had daily average volatility of 3.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300381.SZ) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Guangdong VTR Bio-Tech Co., Ltd. to open at ¥6.44, and during the day (based on 14 day Average True Range), to move between ¥5.95 and ¥7.01, which gives a possible trading interval of +/-¥0.532 (+/-8.21%) up or down from last closing price. If Guangdong VTR Bio-Tech Co., Ltd. takes out the full calculated possible swing range there will be an estimated 16.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.28 (3.09%) than the resistance at ¥7.15 (10.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangdong VTR Bio-Tech Co., Ltd. stock A Buy?
Guangdong VTR Bio-Tech 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.888 Sell Candidate Downgraded
Predicted Opening Price for Guangdong VTR Bio-Tech Co., Ltd. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| ¥6.44 ( 0.669%) | ¥6.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300381.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.61 | 1.95% |
| R2 | 6.54 | 0.95% |
| R1 | 6.50 | 0.333% |
| Price | 6.48 | |
| S1 | 6.37 | -1.67% |
| S2 | 6.33 | -2.29% |
| S3 | 6.27 | -3.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.50 | 15.74% |
| R2 | 7.40 | 14.20% |
| R1 | 7.15 | 10.34% |
| Price | 6.48 | |
| S1 | 6.28 | -3.09% |
| S2 | 6.25 | -3.55% |
| S3 | 5.41 | -16.51% |
300381 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 18, 2024 | Jun 18, 2024 | Jun 18, 2024 | ¥0.0600 | 0.93% |
| 2 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | ¥0.100 | 1.43% |
| 3 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.100 | 1.08% |
| 4 | Jul 14, 2021 | Jul 14, 2021 | Jul 14, 2021 | ¥0.0700 | 0.717% |
| 5 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | ¥0.0600 | 0.405% |
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