Jiangxi Fushine Pharmaceutical Co., Ltd. Stock Forecast
Strong day for Jiangxi Fushine Pharmaceutical Co., Ltd. stock price on Wednesday rising 5.07% to ¥9.12
(Updated on Jun 26, 2024)
The Jiangxi Fushine Pharmaceutical Co., Ltd. stock price gained 5.07% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥8.68 to ¥9.12. During the last trading day the stock fluctuated 6.97% from a day low at ¥8.61 to a day high of ¥9.21. The price has fallen in 6 of the last 10 days and is down by -5.3% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately ¥63.40 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥8.70 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 7.83% during the next 3 months and, with a 90% probability hold a price between ¥9.38 and ¥14.13 at the end of this 3-month period.
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300497.SZ Signals & Forecast
There are mixed signals in the stock today. The Jiangxi Fushine Pharmaceutical 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 ¥9.17 and ¥10.39. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 5.07%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Jiangxi Fushine Pharmaceutical Co., Ltd. stock
Jiangxi Fushine Pharmaceutical Co., Ltd. finds support from accumulated volume at ¥8.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ¥0.600 between high and low, or 6.97%. For the last week, the stock has had daily average volatility of 9.29%.
Our recommended stop-loss: ¥8.65 (-5.19%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (300497.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Jiangxi Fushine Pharmaceutical Co., Ltd. to open at ¥8.98, and during the day (based on 14 day Average True Range), to move between ¥8.28 and ¥9.96, which gives a possible trading interval of +/-¥0.84 (+/-9.23%) up or down from last closing price. If Jiangxi Fushine Pharmaceutical Co., Ltd. takes out the full calculated possible swing range there will be an estimated 18.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥8.77 (3.84%) than the resistance at ¥10.68 (17.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jiangxi Fushine Pharmaceutical Co., Ltd. stock A Buy?
Jiangxi Fushine Pharmaceutical 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.
Current score: -0.008 Hold/Accumulate Unchanged
Predicted Opening Price for Jiangxi Fushine Pharmaceutical Co., Ltd. of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
¥8.98 ( 1.54%) | ¥9.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300497.SZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 9.58 | 5.04% |
R2 | 9.35 | 2.53% |
R1 | 9.21 | 0.98% |
Price | 9.12 | |
S1 | 8.75 | -4.05% |
S2 | 8.61 | -5.60% |
S3 | 8.38 | -8.11% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 11.30 | 23.90% |
R2 | 11.22 | 23.03% |
R1 | 10.68 | 17.11% |
Price | 9.12 | |
S1 | 8.77 | -3.84% |
S2 | 8.16 | -10.53% |
S3 | 7.80 | -14.47% |
300497 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 08, 2021 | Jul 08, 2021 | Jul 08, 2021 | ¥0.200 | 1.63% |
2 | May 18, 2020 | May 18, 2020 | May 18, 2020 | ¥0.125 | 0.699% |
3 | Jun 06, 2019 | Jun 06, 2019 | Jun 06, 2019 | ¥0.104 | 1.20% |
4 | Jul 03, 2018 | Jul 03, 2018 | Jul 03, 2018 | ¥0.130 | 1.37% |
5 | Jun 14, 2017 | Jun 14, 2017 | Jun 14, 2017 | ¥0.130 | 0.98% |
FAQ
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