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AI Analysis of 300658.SZ
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Xiamen Yanjan New Material Co Ltd stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Xiamen Yanjan New Material Co Ltd stock price fell by -2.47% on the last day (Wednesday, 27th Mar 2024) from ¥5.26 to ¥5.13. During the last trading day the stock fluctuated 3.70% from a day low at ¥5.13 to a day high of ¥5.32. The price has been going up and down for this period, and there has been a -1.72% loss for the last 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 -72 thousand shares and in total, 4 million shares were bought and sold for approximately ¥20.63 million.

The stock lies the upper part of a very wide and falling 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 ¥5.37 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -29.25% during the next 3 months and, with a 90% probability hold a price between ¥1.84 and ¥3.80 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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300658.SZ Signals & Forecast

The Xiamen Yanjan New Material 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 ¥5.36. On a fall, the stock will find some support from the long-term average at approximately ¥4.91. 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. 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 Thursday, March 21, 2024, and so far it has fallen -7.07%. 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 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 Xiamen Yanjan New Material Co Ltd stock

Xiamen Yanjan New Material Co Ltd finds support from accumulated volume at ¥4.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 ¥0.190 between high and low, or 3.70%. For the last week, the stock has had daily average volatility of 3.62%.

Our recommended stop-loss: ¥4.83 (-5.84%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (300658.SZ) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Xiamen Yanjan New Material Co Ltd to open at ¥5.19, and during the day (based on 14 day Average True Range), to move between ¥4.92 and ¥5.34, which gives a possible trading interval of +/-¥0.212 (+/-4.13%) up or down from last closing price. If Xiamen Yanjan New Material Co Ltd takes out the full calculated possible swing range there will be an estimated 8.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥5.16 (0.58%) than the support at ¥4.97 (3.12%), 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 Xiamen Yanjan New Material Co Ltd stock A Buy?

Xiamen Yanjan New Material 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.498 Hold/Accumulate Upgraded

Predicted Opening Price for Xiamen Yanjan New Material Co Ltd of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
¥5.19 ( 1.23%) ¥5.13

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

Trading levels for 300658.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.38 4.94 %
R2 5.31 3.52 %
R1 5.27 2.65 %
Current price: 5.13
Support S1 5.12 -0.180 %
S2 5.08 -1.05 %
S3 5.00 -2.47 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 6.18 20.47 %
R2 5.26 2.53 %
R1 5.16 0.585 %
Current price 5.13
Support S1 4.97 -3.12%
S2 4.77 -7.02%
S3 4.21 -17.93%

300658 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 07, 2021 Jun 07, 2021 Jun 07, 2021 ¥0.433 4.10%
2 May 20, 2020 May 20, 2020 May 20, 2020 ¥0.200 1.18%
3 May 24, 2019 May 24, 2019 May 24, 2019 ¥0.100 1.52%
4 May 16, 2018 May 16, 2018 May 16, 2018 ¥0.133 1.43%

FAQ

What is the symbol for Xiamen Yanjan New Material Co Ltd Stock and on which exchange is it traded?
The symbol for Xiamen Yanjan New Material Co Ltd is 300658.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Xiamen Yanjan New Material Co Ltd Stock?
Xiamen Yanjan New Material 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Xiamen Yanjan New Material Co Ltd Stock?
Xiamen Yanjan New Material Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Xiamen Yanjan New Material Co Ltd Stock.

What's the current price of Xiamen Yanjan New Material Co Ltd Stock?
As of the end of day on the 2024-03-27, the price of an Xiamen Yanjan New Material Co Ltd (300658.SZ) share was ¥5.13.

What is the 52-week high and low for Xiamen Yanjan New Material Co Ltd Stock?
The 52-week high for Xiamen Yanjan New Material Co Ltd Stock is ¥8.77 and the 52-week low is ¥3.60.

What is the market capitalization of Xiamen Yanjan New Material Co Ltd Stock?
As of the 2024-03-27, the market capitalization of Xiamen Yanjan New Material Co Ltd is 1.707B.
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About Xiamen Yanjan New Material Co Ltd

Xiamen Yanjan New Material Co Ltd Xiamen Yanjan New Material Co., Ltd. operates as a material supplier for disposable hygiene products in China and internationally. The company offers PE perforated films, 3D aperture non-woven, hot air through non-woven, and ADL surge, which are primarily used in sanitary napkins, pads, and baby and adult diapers, as well as in medical treatment and food packaging industries. Xiamen Yanjan New Material Co., Ltd. was founded in 2000 and is headqua... 300658.SZ Profile

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