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AI Analysis of 300760.SZ
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Red day on Thursday for Shenzhen Mindray Bio-Medl Elctrnc Co Ltd
(Updated on Mar 28, 2024)

Sell candidate since Mar 21, 2024 Loss -3.49% PDF

The Shenzhen Mindray Bio-Medl Elctrnc Co Ltd stock price fell by -1.22% on the last day (Thursday, 28th Mar 2024) from ¥283.36 to ¥279.89. It has now fallen 10 days in a row. During the last trading day the stock fluctuated 4.50% from a day low at ¥277.39 to a day high of ¥289.88. The price has fallen in 10 of the last 10 days and is down by -5.97% for this period. Volume has increased on the last day by 2 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, 5 million shares were bought and sold for approximately ¥1.27 billion.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥277.11 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.58% during the next 3 months and, with a 90% probability hold a price between ¥292.59 and ¥325.98 at the end of this 3-month period.

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300760.SZ Signals & Forecast

There are few to no technical positive signals at the moment. The Shenzhen Mindray Bio-Medl Elctrnc 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 ¥286.94 and ¥293.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -8.36%. 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 Shenzhen Mindray Bio-Medl Elctrnc Co Ltd stock

Shenzhen Mindray Bio-Medl Elctrnc Co Ltd finds support from accumulated volume at ¥274.86 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 ¥12.49 (4.50%) between high and low. For the last week, the stock has had daily average volatility of 2.36%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (300760.SZ) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Shenzhen Mindray Bio-Medl Elctrnc Co Ltd to open at ¥282.39, and during the day (based on 14 day Average True Range), to move between ¥273.11 and ¥286.67, which gives a possible trading interval of +/-¥6.78 (+/-2.42%) up or down from last closing price. If Shenzhen Mindray Bio-Medl Elctrnc Co Ltd takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥284.34 (1.59%) than the support at ¥274.86 (1.80%), 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 Shenzhen Mindray Bio-Medl Elctrnc Co Ltd stock A Buy?

The Shenzhen Mindray Bio-Medl Elctrnc Co Ltd stock holds several negative signals and despite the positive trend, we believe Shenzhen Mindray Bio-Medl Elctrnc Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.861 Sell Candidate Unchanged

Predicted Opening Price for Shenzhen Mindray Bio-Medl Elctrnc Co Ltd of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
¥282.39 ( 0.89%) ¥279.89

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

Trading levels for 300760.SZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 294.88 5.35 %
R2 290.11 3.65 %
R1 287.16 2.60 %
Current price: 279.89
Support S1 277.62 -0.81 %
S2 274.67 -1.87 %
S3 269.90 -3.57 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 301.00 7.54 %
R2 292.50 4.51 %
R1 284.34 1.59 %
Current price 279.89
Support S1 274.86 -1.80%
S2 272.98 -2.47%
S3 269.00 -3.89%

300760 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 22, 2023 Nov 22, 2023 Nov 22, 2023 ¥4.30 1.52%
2 May 29, 2023 May 29, 2023 May 29, 2023 ¥4.50 1.44%
3 May 19, 2022 May 19, 2022 May 19, 2022 ¥3.50 1.16%
4 May 28, 2021 May 28, 2021 May 28, 2021 ¥2.50 0.516%
5 May 15, 2020 May 15, 2020 May 15, 2020 ¥1.50 0.577%

FAQ

What is the symbol for Shenzhen Mindray Bio-Medl Elctrnc Co Ltd Stock and on which exchange is it traded?
The symbol for Shenzhen Mindray Bio-Medl Elctrnc Co Ltd is 300760.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Shenzhen Mindray Bio-Medl Elctrnc Co Ltd Stock?
The Shenzhen Mindray Bio-Medl Elctrnc Co Ltd stock holds several negative signals and despite the positive trend, we believe Shenzhen Mindray Bio-Medl Elctrnc Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Shenzhen Mindray Bio-Medl Elctrnc Co Ltd Stock?
Shenzhen Mindray Bio-Medl Elctrnc 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 Shenzhen Mindray Bio-Medl Elctrnc Co Ltd Stock.

What's the current price of Shenzhen Mindray Bio-Medl Elctrnc Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Shenzhen Mindray Bio-Medl Elctrnc Co Ltd (300760.SZ) share was ¥279.89.

What is the 52-week high and low for Shenzhen Mindray Bio-Medl Elctrnc Co Ltd Stock?
The 52-week high for Shenzhen Mindray Bio-Medl Elctrnc Co Ltd Stock is ¥325.00 and the 52-week low is ¥253.48.

What is the market capitalization of Shenzhen Mindray Bio-Medl Elctrnc Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Shenzhen Mindray Bio-Medl Elctrnc Co Ltd is 338.77B.

When is the next earnings date for Shenzhen Mindray Bio-Medl Elctrnc Co Ltd?
The upcoming earnings date for Shenzhen Mindray Bio-Medl Elctrnc Co Ltd is Apr 28, 2024.
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About Shenzhen Mindray Bio-Medl Elctrnc Co Ltd

Shenzhen Mindray Bio-Medl Elctrnc Co Ltd Shenzhen Mindray Bio-Medical Electronics Co., Ltd. provides medical devices and solutions worldwide. The company offers patient monitoring and life support products, such as patient monitoring systems, electrocardiographs, defibrillators, anesthesia machines, ventilators, infusion pumps, surgical lights, operating tables, medical supply units, endoscopes, and accessories, as well as emergency care, peri-operative care, critical care, and IT solut... 300760.SZ Profile

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