RSI low/high Values: [ 20 - 75 ]
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AI Analysis of 300673.SZ
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Stronger technical forecast for Petpal Pet Nutrition Technology Co Ltd stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Petpal Pet Nutrition Technology Co Ltd stock price fell by -0.181% on the last day (Wednesday, 27th Mar 2024) from ¥11.07 to ¥11.05. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.85% from a day low at ¥10.90 to a day high of ¥11.32. The price has been going up and down for this period, and there has been a -0.72% loss for the last 2 weeks. Volume has increased on the last day by 82 thousand 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, 2 million shares were bought and sold for approximately ¥24.99 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 -21.97% during the next 3 months and, with a 90% probability hold a price between ¥5.87 and ¥9.37 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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300673.SZ Signals & Forecast

The Petpal Pet Nutrition Technology 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 ¥11.42. On a fall, the stock will find some support from the long-term average at approximately ¥10.98. 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. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 17.30%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Petpal Pet Nutrition Technology Co Ltd stock

Petpal Pet Nutrition Technology Co Ltd finds support from accumulated volume at ¥10.56 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 ¥0.420 between high and low, or 3.85%. For the last week, the stock has had daily average volatility of 4.24%.

Our recommended stop-loss: ¥10.74 (-2.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 33 days ago.)

Trading Expectations (300673.SZ) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Petpal Pet Nutrition Technology Co Ltd to open at ¥11.09, and during the day (based on 14 day Average True Range), to move between ¥10.61 and ¥11.49, which gives a possible trading interval of +/-¥0.441 (+/-3.99%) up or down from last closing price. If Petpal Pet Nutrition Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 7.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥10.56 (4.43%) than the resistance at ¥12.99 (17.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Petpal Pet Nutrition Technology Co Ltd stock A Buy?

Petpal Pet Nutrition Technology 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: -0.696 Hold/Accumulate Upgraded

Predicted Opening Price for Petpal Pet Nutrition Technology Co Ltd of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
¥11.09 ( 0.362%) ¥11.05

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

Trading levels for 300673.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.51 4.16 %
R2 11.35 2.71 %
R1 11.25 1.81 %
Current price: 11.05
Support S1 10.93 -1.09 %
S2 10.83 -1.99 %
S3 10.67 -3.44 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.62 23.26 %
R2 13.29 20.27 %
R1 12.99 17.56 %
Current price 11.05
Support S1 10.56 -4.43%
S2 9.88 -10.59%
S3 9.42 -14.75%

300673 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 26, 2022 May 26, 2022 May 26, 2022 ¥0.0300 0.193%
2 Jun 21, 2021 Jun 21, 2021 Jun 21, 2021 ¥0.0667 0.284%
3 Jun 10, 2019 Jun 10, 2019 Jun 10, 2019 ¥0.333 1.99%
4 May 28, 2018 May 28, 2018 May 28, 2018 ¥0.500 1.95%

FAQ

What is the symbol for Petpal Pet Nutrition Technology Co Ltd Stock and on which exchange is it traded?
The symbol for Petpal Pet Nutrition Technology Co Ltd is 300673.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Petpal Pet Nutrition Technology Co Ltd Stock?
Petpal Pet Nutrition Technology 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 Petpal Pet Nutrition Technology Co Ltd Stock?
Petpal Pet Nutrition Technology 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 Petpal Pet Nutrition Technology Co Ltd Stock.

What's the current price of Petpal Pet Nutrition Technology Co Ltd Stock?
As of the end of day on the 2024-03-27, the price of an Petpal Pet Nutrition Technology Co Ltd (300673.SZ) share was ¥11.05.

What is the 52-week high and low for Petpal Pet Nutrition Technology Co Ltd Stock?
The 52-week high for Petpal Pet Nutrition Technology Co Ltd Stock is ¥17.85 and the 52-week low is ¥8.82.

What is the market capitalization of Petpal Pet Nutrition Technology Co Ltd Stock?
As of the 2024-03-27, the market capitalization of Petpal Pet Nutrition Technology Co Ltd is 2.75B.
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