Yipinhong Pharmaceutical Co Ltd Stock Forecast
Green day on Friday for Yipinhong Pharmaceutical Co Ltd
(Updated on May 17, 2024)
The Yipinhong Pharmaceutical Co Ltd stock price gained 0.719% on the last trading day (Friday, 17th May 2024), rising from ¥22.25 to ¥22.41. During the last trading day the stock fluctuated 7.92% from a day low at ¥22.10 to a day high of ¥23.85. The price has fallen in 6 of the last 10 days and is down by -1.45% for this period. Volume fell on the last day by -835 thousand shares and in total, 3 million shares were bought and sold for approximately ¥57.81 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -4.13% during the next 3 months and, with a 90% probability hold a price between ¥19.81 and ¥26.75 at the end of this 3-month period.
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300723.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.66%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yipinhong Pharmaceutical 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 ¥22.82 and ¥23.27. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Yipinhong Pharmaceutical Co Ltd stock
Yipinhong Pharmaceutical Co Ltd finds support from accumulated volume at ¥22.37 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 ¥1.75 between high and low, or 7.92%. For the last week, the stock has had daily average volatility of 6.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300723.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Yipinhong Pharmaceutical Co Ltd to open at ¥22.79, and during the day (based on 14 day Average True Range), to move between ¥20.84 and ¥23.98, which gives a possible trading interval of +/-¥1.57 (+/-6.99%) up or down from last closing price. If Yipinhong Pharmaceutical Co Ltd takes out the full calculated possible swing range there will be an estimated 13.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥22.37 (0.18%) than the resistance at ¥22.60 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Yipinhong Pharmaceutical Co Ltd will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for Yipinhong Pharmaceutical Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.42% in the first trading day after earnings release.
Is Yipinhong Pharmaceutical Co Ltd stock A Buy?
Yipinhong Pharmaceutical 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.
Current score: -2.197 Sell Candidate Unchanged
Predicted Opening Price for Yipinhong Pharmaceutical Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥22.79 ( 1.68%) | ¥22.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300723.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.54 | 9.49 % | |
| R2 | 23.87 | 6.51 % | ||
| R1 | 23.46 | 4.66 % | ||
| Current price: | 22.41 | |||
| Support | S1 | 22.12 | -1.30 % | |
| S2 | 21.71 | -3.15 % | ||
| S3 | 21.04 | -6.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.94 | 24.68 % | |
| R2 | 26.20 | 16.91 % | ||
| R1 | 22.60 | 0.85 % | ||
| Current price | 22.41 | |||
| Support | S1 | 22.37 | -0.178% | |
| S2 | 22.24 | -0.759% | ||
| S3 | 21.94 | -2.10% |
300723 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2023 | May 24, 2023 | May 24, 2023 | ¥0.200 | 0.612% |
| 2 | May 25, 2022 | May 25, 2022 | May 25, 2022 | ¥0.200 | 1.05% |
| 3 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | ¥0.139 | 0.755% |
| 4 | Jun 04, 2020 | Jun 04, 2020 | Jun 04, 2020 | ¥0.111 | 0.761% |
| 5 | Apr 26, 2019 | Apr 26, 2019 | Apr 26, 2019 | ¥0.111 | 0.670% |
FAQ
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