Hainan Poly Pharm Co Ltd Stock Forecast
High volatility in Hainan Poly Pharm Co Ltd stock price on Tuesday which ended trading at ¥12.35
(Updated on Apr 30, 2024)
The Hainan Poly Pharm Co Ltd stock price fell by -18.75% on the last day (Tuesday, 30th Apr 2024) from ¥15.20 to ¥12.35. During the last trading day the stock fluctuated 18.82% from a day low at ¥12.17 to a day high of ¥14.46. The price has risen in 5 of the last 10 days but is still down by -22.86% for this period. Volume has increased on the last day by 51 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 71 million shares were bought and sold for approximately ¥875.57 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥12.04 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.85% during the next 3 months and, with a 90% probability hold a price between ¥10.38 and ¥16.43 at the end of this 3-month period.
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300630.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Hainan Poly Pharm 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 ¥14.32 and ¥17.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -40.05%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Hainan Poly Pharm Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ¥2.29 between high and low, or 18.82%. For the last week, the stock has had daily average volatility of 7.92%.
Hainan Poly Pharm Co Ltd is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300630.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Hainan Poly Pharm Co Ltd to open at ¥12.99, and during the day (based on 14 day Average True Range), to move between ¥11.06 and ¥13.64, which gives a possible trading interval of +/-¥1.29 (+/-10.44%) up or down from last closing price. If Hainan Poly Pharm Co Ltd takes out the full calculated possible swing range there will be an estimated 20.89% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ¥14.19, some ¥1.84 (14.90%) from the current price of ¥12.35, our system finds the risk reward not very attractive.
Is Hainan Poly Pharm Co Ltd stock A Buy?
Hainan Poly Pharm Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.
Current score: -8.114 Strong Sell Candidate Downgraded
Predicted Opening Price for Hainan Poly Pharm Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥12.99 ( 5.21%) | ¥12.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300630.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.28 | 23.75 % | |
| R2 | 14.41 | 16.67 % | ||
| R1 | 13.87 | 12.29 % | ||
| Current price: | 12.35 | |||
| Support | S1 | 12.12 | -1.87 % | |
| S2 | 11.58 | -6.25 % | ||
| S3 | 10.70 | -13.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.86 | 20.32 % | |
| R2 | 14.51 | 17.49 % | ||
| R1 | 14.19 | 14.90 % | ||
| Current price | 12.35 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
300630 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2023 | Jul 18, 2023 | Jul 18, 2023 | ¥0.0787 | 0.408% |
| 2 | Jul 13, 2022 | Jul 13, 2022 | Jul 13, 2022 | ¥0.192 | 0.628% |
| 3 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | ¥0.187 | 0.391% |
| 4 | Jul 03, 2020 | Jul 03, 2020 | Jul 03, 2020 | ¥0.213 | 0.435% |
| 5 | Jun 19, 2019 | Jun 19, 2019 | Jun 19, 2019 | ¥0.0914 | 0.259% |
FAQ
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