Shenyang Xingqi Pharmaceutical Co Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for Shenyang Xingqi Pharmaceutical Co Ltd stock after losing 1.09%
(Updated on May 08, 2024)
The Shenyang Xingqi Pharmaceutical Co Ltd stock price fell by -1.09% on the last day (Wednesday, 8th May 2024) from ¥269.93 to ¥266.98. During the last trading day the stock fluctuated 4.62% from a day low at ¥258.00 to a day high of ¥269.93. The price has risen in 7 of the last 10 days and is up by 25.64% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 1 million shares were bought and sold for approximately ¥392.95 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ¥272.11 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 76.23% during the next 3 months and, with a 90% probability hold a price between ¥412.89 and ¥479.53 at the end of this 3-month period.
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300573.SZ Signals & Forecast
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 ¥260.71 and ¥227.57. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 07, 2024, and so far it has fallen -1.09%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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 ¥229.19 and ¥214.00. 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 ¥229.19. If this is broken, then the next support from accumulated volume will be at ¥214.00 and ¥212.50.
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 ¥11.93 between high and low, or 4.62%. For the last week, the stock has had daily average volatility of 5.51%.
Our recommended stop-loss: ¥256.37 (-3.98%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (300573.SZ) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Shenyang Xingqi Pharmaceutical Co Ltd to open at ¥264.97, and during the day (based on 14 day Average True Range), to move between ¥250.81 and ¥283.15, which gives a possible trading interval of +/-¥16.17 (+/-6.05%) 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 12.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥269.93 (1.10%) than the support at ¥229.19 (14.15%), 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.
Earnings coming up
Shenyang Xingqi Pharmaceutical Co Ltd will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Shenyang Xingqi Pharmaceutical Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.89% in the first trading day after earnings release.
Is Shenyang Xingqi Pharmaceutical Co Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shenyang Xingqi Pharmaceutical Co Ltd stock to perform well in the short-term.
Current score: 3.088 Buy Candidate Unchanged
Predicted Opening Price for Shenyang Xingqi Pharmaceutical Co Ltd of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
¥264.97 ( 0.753%) | ¥266.98 |
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 | 276.90 | 3.72 % | |
R2 | 272.34 | 2.01 % | ||
R1 | 269.53 | 0.95 % | ||
Current price: | 266.98 | |||
Support | S1 | 260.41 | -2.46 % | |
S2 | 257.60 | -3.51 % | ||
S3 | 253.04 | -5.22 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 269.93 | 1.10 % | ||
Current price | 266.98 | |||
Support | S1 | 229.19 | -14.15% | |
S2 | 214.00 | -19.84% | ||
S3 | 212.50 | -20.41% |
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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