Humanwell Healthcare (Group) Co.,Ltd. Stock Forecast
Red day on Friday for Humanwell Healthcare (Group) Co.,Ltd.
(Updated on Jun 28, 2024)
The Humanwell Healthcare (Group) Co.,Ltd. stock price fell by -0.406% on the last day (Friday, 28th Jun 2024) from $17.24 to $17.17. During the last trading day the stock fluctuated 1.52% from a day low at $17.13 to a day high of $17.39. The price has fallen in 6 of the last 10 days and is down by -8.08% 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 -1 million shares and in total, 9 million shares were bought and sold for approximately $152.06 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $16.75 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.19% during the next 3 months and, with a 90% probability hold a price between $15.38 and $18.47 at the end of this 3-month period.
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600079.SS Signals & Forecast
There are few to no technical positive signals at the moment. The Humanwell Healthcare (Group) 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 $17.38 and $19.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -19.65%. 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 Humanwell Healthcare (Group) Co.,Ltd. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.260 between high and low, or 1.52%. For the last week, the stock has had daily average volatility of 2.50%.
Humanwell Healthcare (Group) Co.,Ltd. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600079.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Humanwell Healthcare (Group) Co.,Ltd. to open at $17.23, and during the day (based on 14 day Average True Range), to move between $16.67 and $17.67, which gives a possible trading interval of +/-$0.496 (+/-2.89%) up or down from last closing price. If Humanwell Healthcare (Group) Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.77% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $17.60, some $0.430 (2.50%) from the current price of $17.17, our system finds the risk reward not very attractive.
Is Humanwell Healthcare (Group) Co.,Ltd. stock A Buy?
Humanwell Healthcare (Group) Co.,Ltd. holds several negative signals and is within a 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: -3.896 Sell Candidate Unchanged
Predicted Opening Price for Humanwell Healthcare (Group) Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $17.23 ( 0.349%) | $17.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600079.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.49 | 1.86% |
| R2 | 17.39 | 1.29% |
| R1 | 17.33 | 0.93% |
| Price | 17.17 | |
| S1 | 17.13 | -0.229% |
| S2 | 17.07 | -0.586% |
| S3 | 16.97 | -1.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.25 | 17.94% |
| R2 | 19.30 | 12.41% |
| R1 | 17.60 | 2.50% |
| Price | 17.17 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
600079 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 24, 2024 | Jun 24, 2024 | Jun 24, 2024 | $0.460 | 2.68% |
| 2 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | $0.160 | 0.634% |
| 3 | Jul 25, 2022 | Jul 25, 2022 | Jul 25, 2022 | $0.150 | 0.83% |
| 4 | Jul 27, 2021 | Jul 27, 2021 | Jul 27, 2021 | $0.100 | 0.437% |
| 5 | Jul 28, 2020 | Jul 28, 2020 | Jul 28, 2020 | $0.0500 | 0.156% |
FAQ
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