Guangdong Hybribio Biotech Co Ltd Stock Forecast
Stronger technical forecast for Guangdong Hybribio Biotech Co Ltd stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The Guangdong Hybribio Biotech Co Ltd stock price fell by -1.00% on the last day (Wednesday, 27th Mar 2024) from ¥7.03 to ¥6.96. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.31% from a day low at ¥6.95 to a day high of ¥7.18. The price has fallen in 7 of the last 10 days and is down by -5.82% for this period. 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 -856 thousand shares and in total, 5 million shares were bought and sold for approximately ¥35.27 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.00% during the next 3 months and, with a 90% probability hold a price between ¥3.98 and ¥6.16 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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300639.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 17.77%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Guangdong Hybribio Biotech Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥7.30 and ¥7.20. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Guangdong Hybribio Biotech Co Ltd stock
Guangdong Hybribio Biotech Co Ltd finds support from accumulated volume at ¥6.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.230 (3.31%) between high and low. For the last week, the stock has had daily average volatility of 3.99%.
Our recommended stop-loss: ¥6.68 (-4.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (300639.SZ) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Guangdong Hybribio Biotech Co Ltd to open at ¥7.03, and during the day (based on 14 day Average True Range), to move between ¥6.72 and ¥7.20, which gives a possible trading interval of +/-¥0.245 (+/-3.52%) up or down from last closing price. If Guangdong Hybribio Biotech Co Ltd takes out the full calculated possible swing range there will be an estimated 7.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.81 (2.16%) than the resistance at ¥7.34 (5.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangdong Hybribio Biotech Co Ltd stock A Buy?
Guangdong Hybribio Biotech Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.579 Hold/Accumulate Upgraded
Predicted Opening Price for Guangdong Hybribio Biotech Co Ltd of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
¥7.03 ( 1.01%) | ¥6.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300639.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.26 | 4.31 % | |
R2 | 7.17 | 3.05 % | ||
R1 | 7.12 | 2.27 % | ||
Current price: | 6.96 | |||
Support | S1 | 6.94 | -0.257 % | |
S2 | 6.89 | -1.04 % | ||
S3 | 6.80 | -2.30 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.47 | 7.33 % | |
R2 | 7.38 | 6.03 % | ||
R1 | 7.34 | 5.46 % | ||
Current price | 6.96 | |||
Support | S1 | 6.81 | -2.16% | |
S2 | 6.63 | -4.74% | ||
S3 | 5.91 | -15.09% |
300639 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 22, 2023 | May 22, 2023 | May 22, 2023 | ¥0.350 | 3.78% |
2 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | ¥0.350 | 2.39% |
3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | ¥0.134 | 1.00% |
4 | May 21, 2020 | May 21, 2020 | May 21, 2020 | ¥0.107 | 0.91% |
5 | Apr 30, 2019 | Apr 30, 2019 | Apr 30, 2019 | ¥0.111 | 1.34% |
FAQ
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