Shenyang Xingqi Pharmaceutical Co Ltd Stock Forecast
Volatile ride for Shenyang Xingqi Pharmaceutical Co Ltd stock price on Friday moving between ¥218.73 and ¥266.66
(Updated on Apr 26, 2024)
The Shenyang Xingqi Pharmaceutical Co Ltd stock price gained 4.34% on the last trading day (Friday, 26th Apr 2024), rising from ¥250.71 to ¥261.60. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 21.91% from a day low at ¥218.73 to a day high of ¥266.66. The price has risen in 7 of the last 10 days and is up by 16.79% over the past 2 weeks. Volume fell on the last day by -241 thousand shares and in total, 4 million shares were bought and sold for approximately ¥968.44 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 wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 69.26% during the next 3 months and, with a 90% probability hold a price between ¥373.78 and ¥467.00 at the end of this 3-month period.
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300573.SZ Signals & Forecast
Mostly positive signals in the chart today. The Shenyang Xingqi Pharmaceutical Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥233.52 and ¥215.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 23.11%. 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.
Support, Risk & Stop-loss for Shenyang Xingqi Pharmaceutical Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥214.00 and ¥212.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Shenyang Xingqi Pharmaceutical Co Ltd finds support just below today's level at ¥214.00. If this is broken, then the next support from accumulated volume will be at ¥212.50 and ¥196.37.
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 ¥47.93 between high and low, or 21.91%. For the last week, the stock has had daily average volatility of 13.15%.
Our recommended stop-loss: ¥253.70 (-3.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (300573.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Shenyang Xingqi Pharmaceutical Co Ltd to open at ¥249.00, and during the day (based on 14 day Average True Range), to move between ¥244.37 and ¥278.83, which gives a possible trading interval of +/-¥17.23 (+/-6.59%) up or down from last closing price. If Shenyang Xingqi Pharmaceutical Co Ltd takes out the full calculated possible swing range there will be an estimated 13.17% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥214.00, some ¥47.60 (18.20%) from the current price of ¥261.60, our system finds the risk reward attractive.
Is Shenyang Xingqi Pharmaceutical Co Ltd stock A Buy?
Shenyang Xingqi Pharmaceutical Co Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.332 Strong Buy Candidate Unchanged
Predicted Opening Price for Shenyang Xingqi Pharmaceutical Co Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥249.00 ( 4.82%) | ¥261.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300573.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 296.93 | 13.50 % | |
| R2 | 278.62 | 6.51 % | ||
| R1 | 267.31 | 2.18 % | ||
| Current price: | 261.60 | |||
| Support | S1 | 230.69 | -11.82 % | |
| S2 | 219.38 | -16.14 % | ||
| S3 | 201.07 | -23.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 261.60 | |||
| Support | S1 | 214.00 | -18.20% | |
| S2 | 212.50 | -18.77% | ||
| S3 | 196.37 | -24.94% |
300573 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2023 | May 22, 2023 | May 22, 2023 | ¥1.00 | 0.713% |
| 2 | Sep 23, 2022 | Sep 23, 2022 | Sep 23, 2022 | ¥0.500 | 0.81% |
| 3 | May 20, 2022 | May 20, 2022 | May 20, 2022 | ¥0.400 | 0.464% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | ¥0.250 | 0.280% |
| 5 | May 21, 2021 | May 21, 2021 | May 21, 2021 | ¥0.250 | 0.235% |
FAQ
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