Jafron Biomedical Co Ltd Stock Forecast

Jafron Biomedical Co Ltd stock price up 0.451% on Friday
(Updated on May 17, 2024)

300529.SZ Signals & Forecast

The Jafron Biomedical 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 ¥29.37. On a fall, the stock will find some support from the long-term average at approximately ¥24.95. 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 Tuesday, May 14, 2024, and so far it has fallen -5.05%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, April 22, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Jafron Biomedical Co Ltd stock

Jafron Biomedical Co Ltd finds support from accumulated volume at ¥27.54 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.470 between high and low, or 1.64%. For the last week, the stock has had daily average volatility of 3.79%.

Our recommended stop-loss: ¥27.58 (-4.66%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (300529.SZ) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Jafron Biomedical Co Ltd to open at ¥28.87, and during the day (based on 14 day Average True Range), to move between ¥27.31 and ¥30.55, which gives a possible trading interval of +/-¥1.62 (+/-5.61%) up or down from last closing price. If Jafron Biomedical Co Ltd takes out the full calculated possible swing range there will be an estimated 11.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥29.09 (0.55%) than the support at ¥27.54 (4.80%), 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 Jafron Biomedical Co Ltd stock A Buy?

Jafron Biomedical 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: -0.592 Hold/Accumulate Unchanged

Predicted Opening Price for Jafron Biomedical Co Ltd of Monday, May 20, 2024

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